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Plunger. (Sold my primary residence and renting).

Same here. And I took a huge step down in quality of accomodations

Yeah, sort of tough - ain't it? I just bought my first house in October (getting married, made *some* sense) - but bought a house for 2/3 of the current median price. It's sort of rough seeing friends who earn less living in nice McMansions which are still delivering double digit returns, while we live in a much more modest home while saving any extra income possible.

I figure long term our current house will eventually be worth more than we paid, so long as we remain liquid until then. In the meanwhile, I'm hoping that prices dump so that we can pick up our dream house for a decent price. Time will tell.

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