Agree I am young; not much I can do to change that. Would actually prefer to stop aging, but suspect that’s out of my control. 🙂 But what exactly am I supposed to learn? Nobody can predict the future or how good or bad things will get.

Older generations have a higher tendency of doom & gloom based on past history. Understandable, and maybe that is what’s coming.

Both my wife and I are steadily employed and have been for a long time. Monthly expenses total about ~$2k. Household income between $150-200k/yr, last year significantly better. We’ve been stockpiling cash for a long time.

I also own a profitable side business, where I re-invest all the profits.

Company I work for can’t hire fast enough. I have job openings I can’t fill. Local companies poaching from us – job market is strong. There are a lot of people making a ton of money.

Apple iFund announcement the other day, $100 million VC fund despite all the bad market news.

5-6 years of musical chairs with housing, everyone left holding the bag gets creamed. Everyone else was making 20% profits.

So yes there are a lot of janitors out there who shouldn’t have bought houses and are going to lose them. And there are also a LOT of 20-30 year olds who’ve had 6 figure incomes the last 8 years and have been renting, living at home, or doing what I’ve done. Most of the ones I know want to buy, once the prices drop down.

So yes, absolutely everything could come crashing down. All the jobs could move out of San Diego, and housing could crash down to 30% of what it costs today. Or the US could have a complete financial collapse. Plenty of scenarios you could write up.

I don’t think San Diego will become a ghost town anytime soon.

I’m not saying housing is going to turn around. I suspect a heavy price cut followed by a long flat period. But once the #s start to pencil out, I do see a lot of pent up demand buying in not as an investment, but to have a home.

That’s just what I see around me down here in the trenches of youth. 🙂