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well I don't know about the east coast, but in SoCal your nestegg is your house. We have seen 10-30% increase in housing prices annually for the last few years. We are mortgaged up to our noses right now, but we have short commutes and decent public schools. While the "salad days" that my parents enjoyed are probably gone (my parents bought their house in San Diego in 1958 for $12K. Today it is worth $400K), a house in SoCal is a pretty sound investment. Even if the market tanks, as long as we stay employed we'll be OK and any lost value should be regained (unless GW does something stoopid).
Land...they aren't making it anymore.
Last edited by nostatic; 08-13-2002 at 04:18 PM..
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