Bubbly, x is a known, it’s $2.0M. In your calcs, you can factor out payments, because I didn’t have any as the house was paid for in cash. Any future house would also be paid in cash. I just don’t like payments of any type. It’s just me, I’m a cash person. And I’m not a woman looking to nest, nor do I feel badly about my investment timing. I never expected to get out at the top. There are several areas that didn’t behave like San Diego and peaked much later: Newport Beach, Coto de Caza, Montecito and even parts of Pasadena to name a few. Many people on this site have observed that the more desirable areas have not declined by that much and will be delayed, not immune, from the decline. I’m just sharing my personal experience and how it pencils out three years later.
