Last point of note. I’d be shocked if in 20 years a home in San Diego is not going to provide a better rate of return than 90% of the rest of the country. Go ahead and find a 3000 squae foot place in South Dakota and tell me who is better off in the long run. Additionally you have to do something with cash. It hasn’t typically shown to be a good investment over the long term. So keep your cash and if it helps you sleep well at night great. But don’t wake up bitter in the mourning when you find people who are half as smart and make half as much but had the courage to buy and accumulate assets that you were unwilling to take a risk on.
