moderndarwin wrote:My most selfish objective view is that again i’m screwed on timing.
Had no money after the 2008 recession as i just left undergrad and was broke and had a lot of debt.
Again, now I finished masters and have paid off all debts and have just been working a few years. Have some emergency savings and normal money but absolutely do not have a huge chunk of cash or money market funds.
Would of loved to buy some real estate on the low side or throw a lot of money into the markets on this huge dip.
Again, that’s just selfish objective thoughts. I’m very content and lucky to have my health and for all of my close friends and family to also not have been directly impacted or gotten the virus yet.
aw, you poor baby. Feel really sorry for you and your "bad timing". Now let me tell you about some actual bad timing. In 2008 I bought my first condo in Chicago. A week later the bottom fell out of the real estate market. A month ago I sold that condo for $20,000 less than I paid. A few days after that I upgraded and bought a house in the suburbs. A few weeks later, all this happened. Closing on both properties Monday. We'll see how much my house holds its value when this is all said and done.
The good news is I plan to live there a long time, maybe forever. so hopefully by the time i go to sell it will get its value back. Also on the plus side is at least I got my condo sold before that price dropped as well.
so yea, that's what actual bad timing looks like.
Told my friends, if you ever want to know when to get out of the market just wait till I buy property and then dump everything.