Old-Biscuit wrote:
That's what folks thought in 2007..HA!
My assets have continued to increase and the 5vr was never thought of as an asset that would appreciate in value.
The old S&B being a means of increased worth is old style thinking.
Yep, I happened to be lucky enough to see the real estate bubble coming. I bought a house in 2000 and in 2005 sold it for double what I paid for it. It was obvious to me that could not be sustained. And this was in San Diego county, so it was not chump change. So I sold and took my money off the table to wait for it to rebound.
Still kind of waiting. I have bought some rental property in the last couple of years and looking for more, but honestly the thought of having "home" tied to a single area now seems so restrictive to me. In the meantime, I am seeing things and experiencing things I otherwise would never have been able to. It's also nice that I can go spend a couple of months parked at my elderly Mom's place looking after her and the place. My flexibility has been invaluable to her and to me in being able to spend quality time with her in her golden years.