Quote:
Originally Posted by KingLT1
If you sell your car now while prices are high then you will have to wait for the market to adjust in order to really gain because whatever you buy now also costs more. I agree the way the market it is right now buying new almost makes more sense.
For example, I could buy a 2017 A10 ZL1 with 4k miles for 49k last May. Now that same car or something similar is 52-54k. Hell I remember a couple dealers local closing out remaining 2018 Zl1's new for 52k a couple years back.
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Right. It's exactly the same when you own a house. The market value of your house is meaningless until/unless you sell it. And, unless you move into a cheap rental until market values fall significantly before you buy another house, you haven't made a dime.