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[quote=Coronita]Plenty of people are doing fine without being given a silver spoon , a far more impressive feat. I mean as the saying goes the best way to make $1million is to be given $990,0000 first hardly impressive or a challenge…how many toys can you possibly get before one wakes up and realize it’s a big game and a big joke…Far better people who started with a lot less making a much bigger impact on this world. Elon Musk is awesome.What a remarkable accomplished person…..and the great thing about this country . Rich or poor, eventually everyone ends up the same way … Dead….[/quote]

Totally agree that many are doing well in this environment. Just said I wouldn’t be comfortable getting in right now, as I responded to another post that alluded to the same.

Laud all the remarkable people in the world, most of us will never be them, but, as you said, no one beats death. To put it more bluntly, as Snoop says in his latest commercial, “Down the hole we all go.” Still, it’s fun to watch Silicon Valley spending billions on projects that will try to beat death.

We’re very grateful for our lives, and for the ability to help our family, and others, as my family’s worldwide charity efforts have been doing for decades.

We couldn’t be happier, and wish the same for others.

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Agree.

Don’t blame people for wanting to get into the game, but we would not feel comfortable with our RE investments unless we had gotten in years ago. We started very young, and were buying SFH’s etc., in LJ and CV, and other similar locations when they were under $500K, so, everything is paid off.

Hard to tell right now if the country will be able to float a real recovery or not. Hope for the best, but plan for the worst.

Here’s an interesting article:

https://www.npr.org/sections/money/2019/08/06/748416143/if-our-economy-is-so-great-why-did-the-fed-vote-to-juice-it

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Have many rentals in San Diego County and elsewhere in areas where demand has remained very high. No problems to report so far.

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Have heard of similar situations from friends and acquaintances.

Agree that setting yourself up to live life on your own terms as early as possible is a smart move. That’s why our family got into real estate years ago as well, and, like so many on this board, we’ve been very grateful for the financial freedom we’ve enjoyed for many years.

Realizing and accepting you’ll never beat mortality is definitely a game changer.

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OP.

Also have family in LJ, and my wife and I were raised there. Lived in CV, and elsewhere, kids went to school in CV, then private. Great area, schools and lifestyle, and about 20 minutes to LJ. Of course you’ll have to make your own choices–weighing financial considerations, and other preferences–but that would be my suggestion.

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Sad for sure.

Our kids grew up with the Carmel Valley Souplantation, and we all continued going even after moving to RSF.

One of the original owners used to live in Del Mar, and stopped by CV all the time. Nicest guy.

From what we’ve read, sounds like they tried everything over the past several weeks to keep it alive, but, in the end, they didn’t think the health department would let them open with their current model.

On a bright note, we can now get back to the beach, boating and golf just in time for this beautiful weather.

Nothing lasts forever, so enjoy it while you can.

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Rarely visit the board, so thanks for chiming in, Don. Always good to hear from you. Bye.

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To the OP.

The key to making your decision will be, as you mentioned, making sure you can afford the investment, and cash flow. Run your numbers for each scenario.

We’ve built a portfolio of many types of investment properties from condos to commercial buildings, etc. over the years, some passed down from our parents.

Investment properties are a great way to build wealth, but you definitely have to stay on top of things on a regular basis to make sure all is going as planned.

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The information Rich provided during the bubble and the recession on his site provided factual insights that helped us time the expansion of our real estate portfolio with a greater degree of confidence during a very challenging economic period. Really enjoying life, and real estate has been a big part of that.

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We’ve taken precautions with our kids inheritances in various ways. Trusts and other documents can be creatively drafted that offer protection, along with some flexibility, per your requests, and things can be changed, if necessary, along the way.

Before our kids were married, we discussed this with them, as well as other issues we felt were important to consider wrt marriage, that extended far beyond the financial aspects.

Although they made their own choices, as many parents, we had visions of what we would consider to be appropriate mates for our kids, and, so far their visions and ours have pretty much been the same.

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Scaredy, lots of beautiful mountain towns around the world. We’ve visited many over the years, and it’s a vacation idea you might want to consider.

We bought in Tahoe years ago (long before the tech giants arrived) and the kids loved our time there when they were growing up. Great memories, and still have family gatherings there.

Even though we prefer being close (glad we’re a few miles from Del Mar with the coastal issues the state is facing) to the ocean, the ambience of mountain towns can’t be denied.

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Definitely agree it’s a great feeling to have all of the real estate paid off, flu. Congrats on that and the new job.

After we had the RE investments taken care of in our late 40’s, we moved onto other more creative, yet more risky investments, like film, etc. You win some, you lose some, but the net has been great, and is far more interesting. Whatever you decide to do–investment wise–enjoy it, and do your due diligence.

Edit: Per the LTC discussion. Our thought has always been to plan well in all aspects of your life, but enjoy every day to the max, because no one really knows what the future will bring.

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Actually, to make a final comment on this topic. My point has been that everyone is free to believe what they wish to believe for the short time we all have on earth.

Personally, we’re very much at peace with everything about our beliefs and our lives–we couldn’t ask for more in any way–and hope others find whatever it is they are looking for–whatever that may be for them.

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[quote=scaredyclassic][quote=flyer]Many believers and nonbelievers help others in countless ways, but just don’t talk about it. As far as we’re concerned, that’s another part of enjoying life, and we’re glad to help.[/quote]

this sounds like zero fun.

Jesus looked at him and loved him. “One thing you lack,” he said. “Go, sell everything you have and give to the poor, and you will have treasure in heaven. Then come, follow me.”

At this the man’s face fell. He went away sad, because he had great wealth.

Jesus looked around and said to his disciples, “How hard it is for the rich to enter the kingdom of God!” (Mark 10:21-23).

and jesus said to the piggingtonians, worry not about the earnings of next quarter or the academic pedigrees of thy children, the size of your deals or your refinance rates. look at the california poppies, they dont worry much nor do they take prozac, and yet trump in all his glory never had a tie so finely colored. truly i say, abandon this stupid website and stop thinking about monry. scaredy 21:15.

maybe piggington is…h. e. l. l[/quote]

and one man replied, “Never do we worry about earthly things, since we know our limitless blessings flow without concern or prozac so we may admire the glory and the beauty of the california poppies (and occasional redwood) now and for all eternity.”

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Many believers and nonbelievers help others in countless ways, but just don’t talk about it. As far as we’re concerned, that’s another part of enjoying life, and we’re glad to help.

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