Reply to It’s a crisis that there are no SFHs in commuting distance to jobs with good schools

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[quote=Anonymous][quote=Anonymous]I lived in dumps with many roommates for years and then I bought a dump and fixed it up and then another.  All while working for the gov making less than much.  Invested the proceeds in the market (but went cash and bonds in 2007-08), tracked home prices and then struck in the crisis.  I live in one of the nicest areas around and house would probably go for north of $5 million.  Oh, also paid off law school and undergrad loans.

Live low cost, save, invest, add value through sweat equity and track everything closely.  [/quote]

But timing is pure luck. My friend did similar lived in an apt with roommates till 37. He had two roommates in a rent stabilized apt and put like 80 percent of paycheck in tech funds. The lucky guy in Jan 2000 sold most of everything and a big loft in SoHo for cash. Now crazy part he on purpose sold it early 2009 as he felt stocks way more undervalued and put that money back into tech stocks.

He then rented till Dec 2019 when he sold stocks again and bought a big house in Malibu for cash.

But his story is like winning lottery ticket twice or winning the jackpot twice.

It is not repeatable and if you tried you end up bankrupt [/quote]

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