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Astrid
Your Dad and my Dad could really understand eachother ;)
I know what it's like to fight the uphill battle to get the parents to actually save and think about retirement. I still can't get my Dad to listen and I have more saved up toward retirement than he does, how scary is that?
I don't think you being 25 is much of an issue, at least with me it isn't, you have more sense than I did at that age, and I was pretty sensible. I do think life experience helps, but like we've seen with our respective fathers' it isn't a sure bet.
My father is 63 and just retired last year with a good pension as a probation officer.
He promptly sold his house in Riverside, CA, moved out to the dessert and started buying houses in Joshua Tree. Right now he owns three. I have tried to talk him out of buying any more, but since they are all cash flow positive, he sees no reason to not just keep buying them.
Oh well.
If he does well, he might be able to finance a nice retirement. If not, at least he has his pension to fall back on.
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In the course of posting here, many of us come to learn much about each other. In some ways, I've come to view many of the "regulars" here as friends, even though we've never met face-to-face. I've often been fascinated by how diverse blogger backgrounds are, in terms of geography (Australia, NZ, Britain, India, China, Canada), age, occupation and interests. Someday (when the time is right) some of us may meet over at Peter's Bubble-Crash BBQ. Until then, I am hoping that some of you may be willing to share your stories here (or as much as you feel comfortable with).
When/how did you first learn about Patrick.net? Is this your "main" blog, or do you participate in others? When/how did you first become aware of the Housing Bubble theory? When did you become convinced it was true (assuming you do) and why? Do you currently own or rent? Where do you live? Do you work in a field directly or indirectly related to RE? If so, for how long (and have you experienced previous market cycles similar to the current one)? Aside from the RE market and credit bubbles, what interests you?
HARM
#housing