The Housing Bubble (All Your Worth Revisited)
I was looking for an old link on the site, and I ran across my book review of Elizabeth Warren (yes, that Elizabeth Warren) and Amelia Tyagi’s personal finance book, All Your Worth. We had a really heated discussion here, with several readers arguing that it just wasn’t possible to follow her guidelines for housing spending and live anywhere acceptable in big cities. It’s kind of strange reading this again from other side of the housing bubble.
At the time, I wrote “The problem — at least in this area — is that in those 3 years, the same house will go up to $400,000 and you still won’t have your 20% downpayment. Warren and Tyagi’s answer is to say that you shouldn’t be chasing markets like this.”
With hindsight, yes. clearly, yes.
I’m not sure if any of the folks who commented at the time other than Dave S are still reading here. If so, I’d love to hear your reactions with the benefit of hindsight. TC? Andrea? Moxie? New voices are also welcome…