Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Insane to live off savings?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous]Why is it that the dumbest people make the most money? Honestly. OP can’t figure out how to put 2.5 million in savings towards a house that must accommodate the oh-so-rare situation of having one extra adult? And then live on a meager 240K per year? I know DC is expensive but come on, OP. There’s zero reason for you to have a mansion, and there’s zero reason for you to have a mortgage. And LOL to your husband being an economist. That’s the major the engineering dropouts pivot to in a panic because it’s such an easy degree to finish in a truncated timeline.[/quote] I'm confused. Obviously we could spend our brokerage on a house -- we could pay off our current mortgage and continue to live in our house (with insurance, taxes and upkeep ongoing). We could theoretically do that at any point. The rate is low, so we've elected not to do that because we make money that exceeds 3% in our brokerage. Doing that, in my mind, is equivalent to living off our savings (whether we do it all in one fell swoop or over time). And I agree we don't need such an expensive house (though you'd be surprised how hard first floor bed/bath with no steps to enter is to find!) -- likely a bad decision, but we're here now so that's the starting point. Ad hominems on my husband seem unnecessary -- he's a fed, he's happy -- but okay. [/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