Diego, yes, I realize that my house is depreciating. But if I sell and pay rent on a similar house, then my monthly housing costs would subtantially increase.

I’m not home that often because I spend time at a my girlfriend’s who has a really nice place. If my house were an investment, I would have cashed-out. But it’s home and I have elderly relatives who love to visit SD so they use my house as their vacation home in California. I’d hate to change that on them. Plus the house is just the way I like it. I also have a fairly low property tax basis that I’ll like to keep.

The only (big) problem is that I now find suburbia very oppressive (just my opinion) so aside from living there, I have little connection to the people around me. Who knows, maybe I’ll end up regretting not selling in 2005.