TMP equity increased in value this month; up $8K. And our water heater finally died after 17 years.
Here is the historical record since we started TMP in March of 2019!
Our TMP and TMP2 houses were all three slightly up:
Here’s a video of the price history of the Valencia house we bought in June of 2019:
What do “experts” think? Well, you have your choice. Some experts say DOWN; some experts say UP:
UP: Barbara Corcoran Says Housing Prices ‘Are Going To Go Through The Roof’: Here’s When (msn.com)
Why pay attention to “experts”? When reading stuff by “experts” make sure you analyze their assumptions and even facts. Errors in facts and false assumptions will produce garbage predictions. For example, in the UP example above, I agree that IF the Fed lowers interest rates by 2%, “house prices are going to go through the roof”. But will the Fed lower interest rates 2%? Who knows. Probably not even the Fed governors since they change their minds regularly.
One thing I can predict is that eventually man-made object will fail. Our primary residence water heater of 17 years failed catastrophically. Water was all over the garage floor. The first picture below is after Michelle and I removed all the stuff stacked around the heater.
Then the plumber came and removed the old heater.
That afternoon our son-in-law Tyger did the demolition and repairs.
After a day to dry and liberally spraying bleach to kill any mold, the plumber came back to complete the install. It was only $1,500. And we still need to connect the drain line.
And three days ago, our pool pump died.
That was replaced for only $1,908.
And literally today we woke up (4:30 am phone call) to two failed HVACs at our apartment complex.
It’s always something or another.
Trust in God, not in man or his inventions.