3 ms·

Or buy now and sell in 15 years or so. Move to Boise Idaho. 15 years of equity (ignoring appreciation) means you can buy a house twice the size outright.

• jmspring 12y ago
  Bay Area real estate has picked up, but timing 15 years to sell? Doesn't always work out as well as it could if things have cratered. There have been about three significant real estate collapses in the Bay Area in the last 20-30 years. Some areas hold up better than others, but, say mountain view, a 20-something at his/her first/second job, unless has other means, isn't going to pick up property easily to hold for 15 years. Affordable areas in a boom? Those most likely to take a serious crap in a downturn.
  • phamilton 12y ago
    15 years isn't exact. Boom bust cycle is 5 years or so. If the market is down in 15 years, then just wait it out. I'm not even including appreciation in the calculations.
    • jmspring 12y ago
      True, and not everyone will want to dig up and move to Idaho. Established roots, friends, etc. There is more to "home" than just the walls in which you sleep.