Reply to Do you consider a net worth of 2.5 million "rich?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here. Our net worth is what it is. I didn't say we had a huge HH income. It's interesting how people's opinions change once the "truth" is out. I never purported to be rich in the first place. This is precisely why I'm uncomfortable with people thinking we're rich.[/quote]

Well you made it a point to emphasize this part " 2.5 million, [b]excluding our home. [/b]"

Because everyone knows that real estate was basically a lottery winning for people who bought before 2005l

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OP here- I am excluding our home. The 2.5 million is in various bank accounts. The bulk of the money was accumulated through real estate, but excludes the equity in our current home.[/quote]

Wow, are you intentionally acting dense?  You got rich b/c you played and won the real estate lottery.  I'll bet you think you are shrewd real estate investor, noticing gems before others did, not a luck duck who flipped at the right time but really had no idea when the party would end.

Did you at least realize it was a speculative bubble while you were flipping, or was it really just good fortune your last flip had settled before prices stopped escalating?  Though here in DC your risk was minimal since prices never really went down, thank you Bush wars and Bernanke.

But for the sake of all that is good, own up that you got rich from gambling, not by being 'frugal' or other nonsense.
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Not the OP, but how is that any different from someone who "played and won the NASDAQ lottery"?[/quote]

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