[flyer]

I may be wrong, but I don’t think the result of these bills will result in more affordable housing opportunities as intended. I think it will be quite the opposite.

I think the true beneficiaries of this legislation will be individuals, as well as developers large and small who will, most likely, seek to maximize their returns by developing high-end units on their appropriate properties or land, as we will, and that does not bode well for those whom the bills were designed to benefit. Guess the brilliant legislators didn’t think of that aspect.

As far as the density issue that so many people are concerned about. Yes, it seems that could become a real issue over time, as some neighborhoods change from exclusively single family housing, to becoming intermingled with multi-family housing. Only time will tell if and how that will play out.

Many people in my hood of RSF are livid about this, but since most of us have multiple acre lots, you’ll really never know if your neighbor decides to build a small apartment house on their property or not, so, I’m not really worried about it, even if it does reduce property values to some degree in this particular setting. I don’t think many in this neighborhood will be taking advantage of these upzoning opportunities–but, if they do, it’s OK with me. We plan to take advantage of these opportunities, just not in this particular area.

[flyer]

Interesting you should mention this. Just talking to some people about it today. We’re definitely watching this closely also, especially wrt some of our properties and land.

[flyer]

You’d be surprised how many people are looking to invest in great ideas, AN.

We initiate the deals, and then get others involved, so it’s a pretty big party.

We’ve had some hits and some misses, but the net has been great.

Use your connections, and go for it.

[flyer]

Another interesting thing to do in “retirement” is to help fund other people’s dreams. There are a lot of people who don’t make the cut on Shark Tank, or with major film studios, etc., but still have products and intellectual properties with great potential in the global marketplace, and it’s an exciting venture to partner with them to bring their ideas to fruition. We’ve been involved in these type of projects for quite awhile, and it’s something you can continue to do indefinitely. Definitely keeps life interesting.

[flyer]

Even though we continue to generate passive income from many sources, we made these decisions in our 40’s, and had planned for far more than we thought we would ever need from all income sources. I can tell you, if you believe you will live into your 90’s, and want to live well, without concern or restriction, under all possible economic conditions, and not depending on government assistance, I feel it would be wise to overestimate your financial needs in “retirement,” early or otherwise, by a long shot.

[flyer]

I think staying actively engaged in whatever is meaningful to you for the duration of life is very healthy both mentally and physically.

Haven’t “had” to work for years, but we’re busier than ever with extremely interesting projects/activities that benefit us as well as others, and hope they continue as long as we live. Still have time for “retirement” activities as desired, but no need to “retire” in order to enjoy those things.

[flyer]

These are all great suggestions. Definitely some I hadn’t thought of. We’re out all of the time too, with golf, tennis, beach, hiking, running, boating, etc. Water, sand, and snow increase sun exposure due to the reflected light, so you have to be extra careful in those settings. Definitely dermo every year.

[flyer]

There are definitely many different theories concerning the essence of being. It sounds like you’ve found yours, and I’m glad your son let you know how much he cares about you. A reason well worth living for.

[flyer]

Yes, scaredy, no one can deny the body, as we know it, has a termination date. No amount of money anyone acquires will change that. However, there are many theories, metaphysical, religious, yes, even scientific, etc., wrt the continuation of existence in many forms, beyond this realm, and those are for each of us to embrace as we choose. (or not)

[flyer]

So true, TS.

Our wealth, however great or small, is only of value while we’re living, and to pass it along. No question it does make life on earth more pleasant, but, THE END is never far away. Keeps it all in perspective.

[flyer]

Have never seen a market like this in all of our years in real estate. Wherever they’re coming from–gotta love ’em. Even with the downturns over the years, buy-and-hold has definitely proven to be a smart play.

[flyer]

Agree San Diego rentals are fantastic, and great that they will also benefit our kids.

It’s also nice to be able to give back in life, and we have a few older tenants in some really nice locations who have been with us for years, and, due to their circumstances, we’ve basically frozen their rents for life, which has kept them in a home. Imo, that’s another good reason for owning investment properties. Not only can you create wealth for yourself and your family, but you can also give it away as you see fit.

[flyer]

Agree, gzz, but I was referring to some of the people we know who, with extensive real estate holdings, jumped the gun and sold in the last year or so, due to their concerns about COVID, and how it would effect the economy. They’re still doing fine, but regret that that could have done even better, had they waited to sell, or not sold at all. We, and a few others we know, took a calculated risk, held, and now, in retrospect, are very glad we did. There was no precedent or playbook for the way things developed, so it all could have gone either way.

[flyer]

We have quite a few friends who hastily sold both investment and primary properties when COVID first hit, thinking everything, including real estate, was going to tank. Of course, they now have regrets.

We advised everyone we could to hang in there, and ride it out, as we did, which, thanks to forces known and unknown, turned out to be the correct move, but no one could have really known that then.

[flyer]

Dupe

[Author]

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