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I actually saw the LA Real Estate bust coming even before 2005, but, having sat out the '80s bull market, by then I was aware of the problem of timing. The market could stay irrational a very long time. But the job market came to my rescue. It dried up. I was an independent consultant working for architects and engineers mostly on Los Angeles Unified School technology upgrades and in July I was informed that there was no new work available until AFTER Jan 1. My house had tripled in value so the decision to retire early and move to a lower priced real estate market was easy. We were sold and gone by New Year's Eve.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Mar 30th, 2021 at 02:49:17 PM EST
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