la jolla? on 40k? geez man… bankers hill back then was affordable, mission hills, ob, point loma…
even if the market is flat for 20 years, you’ll have built equity and raised rents 2% per year. eventually, you’ll have that sucker paid off and then it’s alllll gravyyyy.
my brother thinks he’s the smartest guy in the world because he was born in 70, out of college in 94ish, bought a condo in 98. that sucker appreciated 100% in a couple years and he moved into a cavernous stucco box in cv. timing? no way, smarts! course, he quit software and is now working for a “commercial real estate investor”…
me, i jumped from cee in 98 to join the dot com boom as an entry entry level “webmaster” making jack squat just so i could learn on the job and join the party… poof! left construction just as it kicked into boom town to join the dot bomb at 15 seconds left. talk about timing… shitty timing! note, i had taught a friend how to handle computers and ‘surf the web’ way back when. he told me we should get to the bay area and do the web thing back around 94… he split, i stayed in school…
timing, luck and a little risk taking. i’m doing well enough at my current job in internet/software and dont regret the switch (7am on the job site? punching clocks and digging ditches? pass). but…
