Hmm. Bought my first home in 84 for 29K. sold it for 185K
Bought numerous empty lots for 2K+. All worth over 100K. Florida. So?
I think the point is that home ownership is a good investment in some places but not others. I look at two bedrooms for $400K in San Diego and my brain wants to implode.
You've done good on your investments.
I always felt sorry for one of my brothers. He lived in Houston, when he bought and sold his first house. It was a small 2 bedroom patio home. They needed to move out of it because it was too small for their growing family.
He had to take a loss on the first house in order to buy his next home.
That's the one thing you don't want to have to do when you buy and sell a home.
People complain about the high prices in California, but once you get in you usually make money. You may have to wait a few years, but it's a pretty good investment.