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Old 11-28-2017, 09:21 AM   #81
gone traveling
Join Date: Nov 2011
Location: The Deep South Bay
Posts: 744
Originally Posted by Scuba View Post
Yeah I remember when I moved to CA in 1990 and people said real estate never went down here. The early 90's and 2008-2010 proved that wrong, although certainly in the long run real estate has been a great investment in CA.

Those were buying opportunities, if you had bought during those downturns you can pretty much withstand the next crash. Moms duplex was purchased for $280k now valued at $975k, brothers Austin duplexes purchased for $50k now around $200k, my homes bought for $80k now valued at $280k... there’s gonna be a lot of heads rolling before mines even knocked off my shoulders
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