Reply to How rich are people buying 1-1.5 mil homes?

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Reply to "How rich are people buying 1-1.5 mil homes?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Wow it is amazing how much people have tied up in their houses. [/quote]

Compared to total net worth? I agree with you. Essentially these folks are all dependent on their continued gainful employment to fund their lifestyles.[/quote]

Please explain to me how, as a 41 yo with a family but no family money, I could have a lifestyle that would not be dependent on my continued gainful employment?[/quote]

Dividends.
Rental income.
Other returns on investments.

[/quote]

You’re an out-of-touch moron. Very few people can live off of those in their 40s (or even 50s) unless they inherited, had high HHI jobs right out of college, or got very very lucky with real estate timing.[/quote]

I just responded to this. We invested small amounts of money every year in the stock market when we were young and poor.

What you (and other people, you're in good company) don't understand is the immense power of compounding.[/quote]

I probably invested more than you ($10-20k/year), consistently after graduating from undergrad. Still not enough to make me financially independent for the rest of my life and provide for my children at the age of 40. Again you’re an idiot.[/quote]

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