I’m not one to brag –just could not help it… I was able to time the market with pure luck on my side.
I bought a San Diego house in April 1996 after asking for a deep discount from the seller who could not unload the house after sitting vacant on the market more than 6 months (asking price: $160,000, paid $133,000). I bought at dip of the market.
I sold the same house in October 2005 for $500K – sold at near top of the market. The house was fully paid when I sold, so all proceeds from sale was pure equity/profit. I thank my lucky stars and my guardian angel (of course) for the perfect market timing.
