Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
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
[ Parent ]

Others have rated this comment as follows:

Oui 4
asdf 4


Occasional Series