well that's just crazy mike
how's a guy gonna retire with big bucks if his house he couldn't afford doesn't inflate in value?
have you never been to California?
Oh yeah. I have cousins there. I also used to live in Florida, but was fortunate enough to sell my house in '06 at peak.
I never could figure the logic of using a durable good that depreciates unless repaired as a retirement plan. Maybe if that property was rented and had some cash flow, yes, but a primary residence? Too much reliance on the greater fool theory.