I love real estate and always have.
Another trait I am clueless as to where it came from. In 1985, at twenty five, when I asked my
father to help me buy a new condominium in Rancho Penasquitos by co signing on
an FHA loan he told me I was crazy. Told
me I would never get my money out of it.
It was too much responsibility. I
had done the two year junior college gig, run off to be a ski bum, come home
and tried to figure out my next move, and finally went back to college at San
Diego State basically starting over. I
was busy with school and working two jobs.
Why, he asked, did I want more on my plate? I’d just broken up from a long term
relationship and I felt like I needed a fresh start. I wanted to be independent. I begged and pleaded and rationalized with
him that it was an asset versus just paying rent. In the end he relented and coughed up the
five grand for the down payment and closing costs on a two bedroom, two bath, place
that cost seventy nine thousand dollars.
