3 ms·
I built the house for $1M and sold it ten years later for $2M. So, uh, I guess it earned me a million bucks, minus mortgage interest. To be fair, that's just h
by kentonv 3y ago
I built the house for $1M and sold it ten years later for $2M. So, uh, I guess it earned me a million bucks, minus mortgage interest.
To be fair, that's just how much housing prices went up in Palo Alto over that period, not really anything to do with the specifics of the house. Got pretty lucky.
(The computers were a relatively insignificant cost compared to the house. Like $20k?)
- no_wizard 3y agoCongratulations on doing well enough to be able to afford a $1M dollar house in the first place! :)
- kentonv 3y agoI was hired by Google in 2005, single, no kids, no expensive hobbies, I basically didn't know how to spend money. So the bank account just kept growing and after 5 years I had enough for a down payment. In retrospect I often regret that I never once just randomly got on a plane and flew somewhere new for fun, when it would have been easy to do so. (Kind of hard now with two young children.) But if I'd done more of that maybe I wouldn't have saved so much money.