Warren Buffett has a saying, “When everyone is greedy, be cautious. When everyone is cautious, be greedy”. This mindset worked for us. We never ATM’ed our previous house, and dumped it when everything tanked in 2008. We were fortunate to land a great deal, at that time, in SB. As a previous post alluded to, considering who else is in the same market for the house we purchased, we scored. I don’t count on the house being an investment vehicle. If in 20 years it is worth what I paid for it, great. I would venture a guess that many Scripps Ranch buyers are somewhat insulated against market fluctuations.
localguy
