1. Rent
2. Have yet to buy primary residence although own some nice investment property that cashflows and I am not planning to sell.
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4. My bubble conclusion was based off of fundamentals and always being a contrarian to the average Joe(s). When I purchased a car in 2003 with cash and the salesman said I should take the 2.9% financing and invest in a couple of new construction flippers, I sensed the nasdaq in 2000 all over again. When a friend, 47, with no retirement savings, sold his home in 2003 to buy 4 more to paint carpet and flip, I sensed a bubble. (He is now under water and has lost the 200k in equity he would have had by staying put.) I could go on and on but you get the point.
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7. I plan to buy a $2M (peak bubble price) home in La Jolla for about 1.3M in about a year. I am the epitome of the “Millionaire Next Door Type” who just happens to rent. If the La Jolla bubble never pops, I may rent until I can pay mostly cash for a house. I actually like renting, it’s nice to only go to home depot about once a year. I do have to put up with a lot of sh!t from my buddies who enjoy mocking the renter.