Well, I guess we can officially call this the top of the housing market.


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The article itself is pure, distilled narcissism:

Richelle DeVoe was two weeks shy of closing on a house with her partner of 10 years, when their relationship imploded. Her future suddenly snapped into focus: She was 30 and had a successful career as a marketing strategist, but she’d never feel truly secure without a permanent roof over her head.

She took a leap in 2019 and bought an investment property, a duplex in Missoula, Mont., intending to live in one unit and rent the other. “It was the crappiest house on the block,” she said.

But it was what she could afford. “I made the decision entirely from a financial standpoint,” she said. “What I didn’t realize was how much confidence and pride and empowerment I’d feel.”

She added, “It had so many tangential benefits, that emotional feeling of ‘I did this,’ and I did this for me’.”

Truly a case study in solipsism:

Investing in real estate or becoming a landlord has inherent stress, especially in a volatile market. But many women seeking independence, especially after a breakup or divorce, have discovered emotional empowerment and even healing. They’ve conquered a steep learning curve, often in the face of skepticism. And they’ve found a unique support system, where excising relationship ghosts is as important as learning to negotiate interest rates.

“You have a group of women who are really looking to develop themselves personally,” said Becky Nova, 38, a cancer researcher in New York City who started an organization called Lady Landlords in March 2020. “We’re not crocheting. We’re building generational wealth.”

Who knew building generational wealth was so easy? You go girl!

You really have to read the whole thing. There are many more hilarious case studies of “Eat, Pray, Divorce, Go on a Real Estate Shopping Binge”.

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These ladies are in for a rude awakening if this economy crashes and this housing market turns upside down.

Read the full story at NYT.