09-16-2008, 03:15 PM
Also, if you want to get a sense of how difficult it would have been to yank the punch bowl during the boom, while the party was "fun," read this article from the height of the folly. Not sayin' it was the right decision, hust sayin'.
http://www.time.com/time/printout/0,8816...97,00.html
I ALMOST bought a duplex in NorCal with my sister then, who had convinced me that we would be "priced out" if we didn't buy now.
But when I looked at the prospect of paying $5000 a month (each) in a few years and rents, at best, running a quarter of that, I got cold feet. My sister was quite upset with me for killing the deal, but now she worships me, her big "genius" bro (once again).
http://www.time.com/time/printout/0,8816...97,00.html
I ALMOST bought a duplex in NorCal with my sister then, who had convinced me that we would be "priced out" if we didn't buy now.
But when I looked at the prospect of paying $5000 a month (each) in a few years and rents, at best, running a quarter of that, I got cold feet. My sister was quite upset with me for killing the deal, but now she worships me, her big "genius" bro (once again).