I rent and I would also consider myself fairly well off. I bought well before the boom and sold my place in anticipation of the drop. Just waiting for what will probably be the bottom to buy back in. Hoping I save myself something close to 50 - 100K.
With that money I had I've been investing in stocks and making out like a bandit. Instead of holding a depreciating condo, I am making money off it's sale.
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