Reply to s/o How old are you? What kind of house do you live in?

Forum Index » Real Estate

Reply to "s/o How old are you? What kind of house do you live in? "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]33/35

Purchased our first TH pre bubble when we were 23/25, rented it and then got another SFH pre bubble in far burbs. Made a fortune after selling both and taking the capital gains exception. Have a SFH in burbs and a vacation house all thanks to that first home.[/quote]

45 and 44.  Just bought a $900K house in Arlington, after living in a NW DC condo for 15 years.  We love the condo but decided our kids would benefit from more outdoor space and a safer street with less traffic. HHI has never exceed $150K. We are not big consumers and have always had a high savings rate -- so high, in fact, that we could have simply bought the house in cash, with plenty left-over. If you don't consume much, even a modest income can add up to significant savings across time.[/quote]

Interesting.  How much were you making/saving, just out of curiosity?[/quote]

My wife and I are in our mid-40s and we each went straight into the labor market at age 21, so we have a couple of decades of savings under our belt. I never made much more than $70K in my twenties, but I still managed to stuff maybe 15K a year into the stock market. From age 35 to 45, I probably stuffed 35K a year into the stock market. [b]Before the 2001 crash and the 2008 crash, I had an uneasy feeling and downshifted my equity exposure. So I side-stepped the market crashes.[/b] Now, my savings rate is probably a bit lower ... maybe only 15K a year ... but the equity I've built up generates a fair amount of investment income each year.

I save a lot not because I'm cheap, but I simply don't enjoy "stuff" very much. And if it weren't for our kids, I would be completely content to live out the rest of my days in a small condo. The house we just bought is solely for the sake of the kids, and it is only 2000 square feet. For a minimalist like myself, anything larger would seem excessive. [/quote]

And how are you feeling right now about equities? When are you planning to downshift this time? [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics