I sold my home in Nov.’05 here in Diamond Bar, about 30 miles east of LA. It was a large custom home and I got $2M for it. It was paid off, so I put that money in CD’s. Not very exciting, but safe. I have since been renting a house in my old neighborhood for $2700 a month. When I do buy again, it will be a more modest home, probably in the $700K-$1M range (today’s prices).
Sounds like you might be able to buy your old house back!
