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langr
@
2011 Dec 8, 11:43pm
My advice is to not take advice from this board. Get the pros involved- attorney, investment advisors, tax planners, etc. Good luck and good for you.
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Well, I hit the jackpot. I had a stake in a startup that just sold. Amazing.
Now what?
I just moved to the Bay Area from the Midwest this year to take an awesome job at Apple. Sold my big home at a 33% loss and was happy to be free of that money pit. Living in a 2 bedroom apt with wife and 3 kids. It's pretty cramped. Kinda nice being debt free though.
Do I buy a home in the Bay Area now? Are there pockets of value? I think prices will slide, or crash with a global depression. If I buy, do I pay cash or get a loan and invest the money so I get the mortgage interest deduction?
Where to invest? CA tax free state bonds? That freaks me out.
It's surreal, but nice. I had some successes in my career, no big ones, lots of failed startups. A dot com startup that made investors some money, but not great.
#housing