Quick history on myself- Bought first home in La Crescenta in 86 for 135k, sold for 247k in 1990, bought in Valencia 287k 1990 and sold for 715k 9/05.
I feel that the market is the next mini bubble, it may not last long but where else are the masses going to look for the quick buck? So I am going to ride it as fas as I can, granted most of my money is in CD’s and T-Bills. When will I get out? I don’t know, hopefully before it tanks. Could this board, including myself, be thinking too small, meaning housing will tank but the stock market and other parts of the economy will prosper? Just a hunch and nothing more. But so far so good.
