Does anyone know much about the US real estate market / economy? Should I buy a home or hold onto cash and just rent for now? (Looking in Bellevue, WA btw) Helppic.twitter.com/VC31Jb5Td6
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Does anyone know much about the US real estate market / economy? Should I buy a home or hold onto cash and just rent for now? (Looking in Bellevue, WA btw) Helppic.twitter.com/VC31Jb5Td6
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The only heuristic I’ve seen for house buying which has succeeded in good, bad, and neutral markets is: Do you genuinely want a house and can you afford it without adding major new stress to your life?
This. You have a company to worry about, things are going to massively change in the next 5 years for you for better or worse. Hard to believe buying a house at those price tags right now wouldn’t add more stress to your life. :)
Thanks Hubert haha - it just feels so rough paying rent and having money go into the void
Tim - what did you do when you first moved to Cary when starting Epic?
(I’ll be moving out of my parents
)
I lived with my parents till age 26, but was at work 80% of the time. I rented a one-bedroom apartment from 1998-2003 and then custom built a house. Its value is probably still underwater, but, key point, it’s still here. Unlike my investments in the first dotcom bubble.
Interesting story, did unreal engine 1 develop completely at your parents' house or did you complete it elsewhere?
Epic was located at my parents house from 1991 to 1993, but we outgrew it and we got an office in Rockville MD.
From 1995-1996 Unreal development was distributed among me at the Epic office working on editor and then renderer, Cliff Bleszinski in California, and James Schmalz with the Digital Extremes Team in Waterloo, Ontario. Then we spend a year in Canada finishing it up.
If you could go back, would you have changed anything re: keeping the team distributed? Was it hard maintaining the culture/work efficiency when you guys scaled since some key individuals were physically scattered?
Distributed development was a great way to start a business, and enabled us to attract a level of of talent inexpensively (folks were paid in royalties rather than salary) that would have been impossible otherwise as a startup. No regrets.
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