I’m on a hillside out in Lakeside and I’m watching my neighbor tear apart his 40 year old 900K house he bought at the peak. He and his wife are always complaining about the shoddy work they are finding under the carpet/wallboard. It’s unreal the money they are plowing into their house.
But, I always remember my neighbor when he cashed out and moved back to Georgia. All profit….He hit the jackpot and was grinning like a cheshire. He was a wise real estate investor/speculator. I’m sitting well with a 300k home-hoping to be like my wise ex-neighbor. With a 900k comp (HAH!) maybe I should sell.