OK. For a minute there I was thinking the world was shrinking. I know someone who bought in Clairemont in 1990 for 150k. Dropped slightly in the early/mid 90’s. Went up to 450k during the boom and now down to 350k. He refinanced and did a 15 year loan I forget when. He has savings. He’s got a civil service job and wife is a teacher. He’s probably due to retire in about 10 years or so, thereabouts, maybe less. Pretty conservative. They are not major consumers. They do travel quite a bit.
DWCAP – I see your point. When I went back to school something possessed me to buy some AAPL. Not much. Didn’t have too much $$$ but picked it up for 30 something. Hindsight is a killer. Should’ve taken a loan and bought some more stock back then. Crystal ball wasn’t working too well. Just did it on a whim.
Of course, the place did provide housing and that is worth something.
