PS,
I love my home and am not looking for better ways to profit off the equity. The joy of living there and spending time with my family are the greatest returns of all. In 20 to 30 years, I likely wont be around anymore. I’ll leave behind a healthy estate for my children but hopefully they will value their childhood more than their inheritance. That is the most valuable thing I could leave as a legacy. It could be longer or shorter but until then I’ll enjoy consuming the equity in my house through the daily pleasures of life.
You are so consumed with housing and the economy. I feel sadness that the runaway housing market has created that in your life. I would love to see greater affordibility for you and others. I hope it happens, I really do. In the same vein, I have trouble hearing you say you are “excited” about watching the economy and housing prices self destruct as I know what that would mean to alot of people. I prefer to create wealth through more positive thoughts and see great opportunity ahead in other areas that I am pursing in addition to keeping my hands in RE. There will not be great money making opportunities in RE for a long time. Rather than dwelling on something that won’t be profitable wouldnt your family be better served by you applying your great skills somewhere more positive and profitable than chronicling the demise of the economy?
