As someone who has owned investment properties in San Diego and elsewhere for many years, and done very well–mostly because the timing was right–I don’t really think anyone jumping into the market now can predict with complete certainty what their real estate or other investments will yield in 10, 20 or 30 years–I know we never thought we could.

My feeling is–if you are truly in a positive financial position, and want to get into the game at this point in our economic history–do so–but also keep a few “Mil” around for retirement–just in case “life happens.”

In the meantime, my philosophy has always been to live the life you want to live now–today–if at all possible–because you never really know what the future may bring.