[quote=spdrun]50% off is unlikely. Deflation is possible — remember that in 2005-6, everyone was yammering that “property values will never decrease, buy while you can get in.”

However, the relevant metric is RENTS. If you can lock in a good rate and rent to some poor sap for significantly more than expenses, then you’re golden.[/quote]

Hell, the world could freeze over tomorrow or we can get hit by another asteroid making everything a moot point…. I prefer to live in the present.

What’s the point of making gazzillions of dollars 10,20,30+ years from now if by the time you do it you’re 50+ and are shitting into your depends diaper?

If you think you can make money now, albeit at some risk…. Go for it…Fail now…You will fail at something anyway…Fail now, fail fast, fail young….Learn something from it…better than failing later when your 50+…..And apparently failing now is much easier to be forgiven than possibly in the future…

Clearly sitting on one’s ass isn’t gonna work in the future… Ok, it might work in California (for now)…. but probably not sustainable.

Oh and find friends smarter than you….I like to think I’m a moron and much dumber than my friends…I’d rather that be the case than to be the “smart” person surrounded by a bunch of dumb people. Smart friends can help/educate dumb people like me….It doesn’t work the other way around and a lot harder if you have to do all the discovery/lessons learned yourself.