Tell that woman with the big income that for one year of her gross I will sell her eight acres with frontage on a beautiful small river on the North, two streets on the South and East sides, a blueberry orchard, a huge overhead arbor covered with Scuppernong grapes, two other Muscadine grape arbors, Crepe Myrtle trees, white and red Oaks, Azaleas by the dozen, huge Camelias, Wisteria, Cypress, trust me it’s gorgeous but I am getting too old to maintain it. I will throw in a Terramite backhoe loader, a 48 inch John Deere riding mower, a Kubota compact tractor, a 15 foot canoe and two handmade paddles and a few other items. She can work at home by internet. If she wants to see the ocean it’s only about seventy miles to Myrtle Beach.
That sounds awesome. She’ll never leave though, she grew up in Piedmont, CA, that’s the world to her. Her husband’s business couldn’t survive there, either. My answer is rent until the bubble pops, then take a deep breath and buy while there’s blood in the streets, so they’re insulated against the next bubble. The laws out there are such that they practically guarantee boom and bust in real estate, it’s been going on since at least the 90’s. Get in on the bottom, make out like a bandit. Buy at the top like an idiot, get ruined.