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With the price in the toilet after one year I am still hoping the price can increase above $118K which would make this strategy work. Since it is down 50% I am sticking with it even after the losses I experience instead of just paying off the loan and not opening a new line of credit.

Wouldn't sunk cost fallacy be if you stuck with it because of the losses/spent money. As of now you just think it's still a smart strategy despite losses.

Pointless sidetrack I know haha

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