What is your house worth

[Anonymous]

Anonymous wrote:

Anonymous wrote:What ages are you?
Net worth?
HHI?
# of kids?

Please share - curious - my sister thinks we are poor and it was dumb of me to quit.[twitter] She is younger by 5 years and has much less but likes to criticize. I could have continued another 3-4 years or more but the politics and the gradually decreasing level of my staff (education, experience, communication, just overall) was demotivating.

Ages - 52, 51
NW - $3.7M (including house). Low per DCUM standards I know and HHI is even lower.
HHI - $200k now (from $425k as I just quit last week after 25 years when I turned 51 due to some chronic health issues).
Kid - 12 year old (in private school since age 5.

House was purchased for $500k two decades ago and value hasn’t moved much.About $700k. We’ve done $200k worth of improvements. New everything. We paid off our mortgage 5 years ago.

I would like to upgrade because I think our area is getting worse. DH is ok with that but wants to not spend a penny more than what we get for this house. I think we could afford a small mortgage even with private for a couple more years till middle. Sure we won’t save much but that’s OK. The houses I am looking at are about $1.2M.

Sigh. How pathetic is your life that you know you’re rich but yet pretend dramatically that you’re poor, fishing for other people to boost your self-esteem and validate how rich you actually are?

I am not OP but you sound pathetic/depressed/angry dunno. OP is not anywhere close to rich - have you read this thread or the other similar ones on DCUM.

Another PP who said people are lying here - I don't think most people are. They are just that wealthy.

[Anonymous]

Anonymous wrote:Ages - late 40s
NW - $6-7M
HHI - $500K
House: $4M (around $600K mortgage)

Wow $7M PLUS $4M home?

[Anonymous]

Anonymous wrote:What ages are you? 43 and 48
Net worth? $4.1 mil plus $2 mil pension (payments already started)
Primary residence: $1.8 million ($575k mortgage)
Vacation residence: $730k ($500k left on mortgage)
HHI: $440k (including monthly pension)
# of kids: 3 (12, 10 & 8)

This is awesome - nearly $9M. Are you guys Feds?

[Anonymous]

Anonymous wrote:What ages are you? 43 and 48
Net worth? $4.1 mil plus $2 mil pension (payments already started)
Primary residence: $1.8 million ($575k mortgage)
Vacation residence: $730k ($500k left on mortgage)
HHI: $440k (including monthly pension)
# of kids: 3 (12, 10 & 8)

What do you mean by 2M pension, a penaion that is equal to 2M in investments? 80K/year?

[Anonymous]

What ages are you? 57, 60
Net worth? About $7 million
HHI? About $380K
# of kids? - two adult children, one still in college
House Value - $1.1 million

[Anonymous]

Anonymous wrote:

Anonymous wrote:Ages - late 40s
NW - $6-7M
HHI - $500K
House: $4M (around $600K mortgage)

Wow $7M PLUS $4M home?

No, including the primary residence. But the NW number doesn't include future pensions, which have the estimated present value of $2M (depends on how long one can live after the retirement of course).

[Anonymous]

Anonymous wrote:

Anonymous wrote:What ages are you? 43 and 48
Net worth? $4.1 mil plus $2 mil pension (payments already started)
Primary residence: $1.8 million ($575k mortgage)
Vacation residence: $730k ($500k left on mortgage)
HHI: $440k (including monthly pension)
# of kids: 3 (12, 10 & 8)

What do you mean by 2M pension, a penaion that is equal to 2M in investments? 80K/year?

Current pension is $80k per year with cost of living adjustment. Started last year—retired military. Currently a GS-13 and DW is an executive director of a state non-profit.

[Anonymous]

Ages - 57, 58
House - worth $700k. We owe about $300k on the mortgage.
Other Net worth - $400k in retirement and about $3k in checking/savings depending on the time of the month
HHI - $140k - our most ever!
Kids - 17 and 20, living with us

The money is just piles of paper that will evaporate when old age/ill health/dementia enter the stage.

[Anonymous]

Anonymous wrote:What ages are you?
Net worth?
HHI?
# of kids?

Please share - curious - my sister thinks we are poor and it was dumb of me to quit. She is younger by 5 years and has much less but likes to criticize. I could have continued another 3-4 years or more but the politics and the gradually decreasing level of my staff (education, experience, communication, just overall) was demotivating.

Ages - 52, 51
NW - $3.7M (including house). Low per DCUM standards I know and HHI is even lower.
HHI - $200k now (from $425k as I just quit last week after 25 years when I turned 51 due to some chronic health issues).
Kid - 12 year old (in private school since age 5.

House was purchased for $500k two decades ago and value hasn’t moved much.About $700k. We’ve done $200k worth of improvements. New everything. We paid off our mortgage 5 years ago.

I would like to upgrade because I think our area is getting worse. DH is ok with that but wants to not spend a penny more than what we get for this house. I think we could afford a small mortgage even with private for a couple more years till middle. Sure we won’t save much but that’s OK. The houses I am looking at are about $1.2M.

What kind of private are we talking? A 40k/yr private or a 18k/yr private? Have you fully funded your one kids college assuming they will go to an expensive private or OOS?

With todays rates and assuming you put all 700k in equity down you are looking at a 4100/mo mortgage. Let’s assume you are in a mid private school at 30k/yr. The school and mortgage alone chew up 79k of your gross income. Let’s assume your DH is still maxing 401k, gross income is 180k. This leaves you $5400/mo assuming you have No health insurance expenses whatsoever.

I think buying this house on that income is dumb. Especially when you have one paid off.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What ages are you? 43 and 48
Net worth? $4.1 mil plus $2 mil pension (payments already started)
Primary residence: $1.8 million ($575k mortgage)
Vacation residence: $730k ($500k left on mortgage)
HHI: $440k (including monthly pension)
# of kids: 3 (12, 10 & 8)

What do you mean by 2M pension, a penaion that is equal to 2M in investments? 80K/year?

Current pension is $80k per year with cost of living adjustment. Started last year—retired military. Currently a GS-13 and DW is an executive director of a state non-profit.

That's a weird way to tack on $2M onto your net worth. My parent has a World Bank/IMF pension paying out $250K per year (from the days when those pensions were generous). By your math, that pension is worth $6.25M. Throw in their DC-area house and other savings and their net worth is close to $9M? Seems high for a DC worker drone.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Ages - late 40s
NW - $6-7M
HHI - $500K
House: $4M (around $600K mortgage)

Wow $7M PLUS $4M home?

No, including the primary residence. But the NW number doesn't include future pensions, which have the estimated present value of $2M (depends on how long one can live after the retirement of course).

Pathetic that you feel the need to share that.

[Anonymous]

Net worth $7 million.

Primary resident worth 1.7 million with a $650k mortgage

Second home worth $900k with no mortgage

Investment (rental) property worth $750k with a $450k mortgage

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Ages - late 40s
NW - $6-7M
HHI - $500K
House: $4M (around $600K mortgage)

Wow $7M PLUS $4M home?

No, including the primary residence. But the NW number doesn't include future pensions, which have the estimated present value of $2M (depends on how long one can live after the retirement of course).

Pathetic that you feel the need to share that.

Pathetic is exactly the word when I see some posts like yours. You must be desperate financially and otherwise. Feel so sorry for you.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Ages - late 40s
NW - $6-7M
HHI - $500K
House: $4M (around $600K mortgage)

Wow $7M PLUS $4M home?

Do you not understand what net worth means?

That would be $7m, including $4m home (minus mortgage debt).

[Anonymous]

Anonymous wrote:

Anonymous wrote:What ages are you? 43 and 48
Net worth? $4.1 mil plus $2 mil pension (payments already started)
Primary residence: $1.8 million ($575k mortgage)
Vacation residence: $730k ($500k left on mortgage)
HHI: $440k (including monthly pension)
# of kids: 3 (12, 10 & 8)

This is awesome - nearly $9M. Are you guys Feds?

Such an idiot. Same poster perhaps? Not 9m, $4.1m as declared above.

Net worth ALWAYS includes your residence (and if it doesn’t, it’s because you’re doing it wrong).