We Have A Winner

I got an email from the co-owner upstairs that after six years of being in line, we are winners in the condo lottery. For those that don't know the San Francisco property ownership laws, this is hugely exciting, meaning that we will be able to convert from the higher risk tenancy-in-common (TIC) joint loan to individualized condo ownership. Risk goes down, security and resale values go up. A limited number of TIC-condo conversions are awarded every year. You buy lottery tickets each year, your odds improving, and it usually takes at least seven to eight years to win. The conversion process can then take one to four years and can cost more than a starter home in Michigan. For those that do live in San Francisco, I hope that I am not now seen as being imperialistic, land-baron scum. I still am cash poor. For those that are looking for an eligible bachelor, my marriage worthiness just quadrupled even though I'm uglier than sin.