Anonymous
05/25/2023 21:41
Subject: Re:What is your house worth
45 and 41.
Net worth around $2.5M.
House worth around $1.9M, bought for $1.3M in 2016 but we've put probably $400k into it.
HHI around $1M the past two years.
3 kids under 10.
We spend way too much money, but income wasn't this high until a few years ago.
Net worth around $2.5M.
House worth around $1.9M, bought for $1.3M in 2016 but we've put probably $400k into it.
HHI around $1M the past two years.
3 kids under 10.
We spend way too much money, but income wasn't this high until a few years ago.
Anonymous
05/25/2023 21:18
Subject: Re:What is your house worth
52 and 56
net worth about 1.7 m in 401k/roth, plus two pensions (100k/year total) plus 200k college funds
bought in 2020 for 900k, have 700k mortgage; worth 1.1m now
kids 12, 14
hhi 250k
net worth about 1.7 m in 401k/roth, plus two pensions (100k/year total) plus 200k college funds
bought in 2020 for 900k, have 700k mortgage; worth 1.1m now
kids 12, 14
hhi 250k
Anonymous
05/25/2023 19:17
Subject: What is your house worth
Anonymous wrote:Anonymous wrote:45 and 50
NW $3.3 million including house
House worth $650k
HHI $900k - just reached this in the last couple of years.
Congratulations on the HHI! Care to elaborate on what you do and how you reached this income level at your age?
Prob biglaw/Acc/consulting partner
Anonymous
05/25/2023 19:14
Subject: What is your house worth
38,32
NW 1 M (401K and savings)
Home 600K (200 K mortgage
3 kids 1,4,6
HHI 150K
NW 1 M (401K and savings)
Home 600K (200 K mortgage
3 kids 1,4,6
HHI 150K
Anonymous
05/25/2023 19:10
Subject: What is your house worth
I feel poor after reading these stats
Anonymous
05/25/2023 19:07
Subject: What is your house worth
Ages: 52, 58
NW: 4M (3M retirement accounts, 750K home equity, 250K college savings accounts)
Two fed pensions, each worth about 50K/year.
Home value: 1.6M (bought almost 20 years ago and did a gut renovation in the last 8 years)
HHI: 450K
Kids: Two, one starts college next year, the second is in high school. Public school, private college.
Plan to retire in about 9-10 years.
NW: 4M (3M retirement accounts, 750K home equity, 250K college savings accounts)
Two fed pensions, each worth about 50K/year.
Home value: 1.6M (bought almost 20 years ago and did a gut renovation in the last 8 years)
HHI: 450K
Kids: Two, one starts college next year, the second is in high school. Public school, private college.
Plan to retire in about 9-10 years.
Anonymous
05/25/2023 18:29
Subject: What is your house worth
Apparently I am poorer than I thought.
Mid 50's
HHI 200K
House 900K (bought for 600K)
Mid 50's
HHI 200K
House 900K (bought for 600K)
Anonymous
05/25/2023 11:07
Subject: What is your house worth
Anonymous wrote:Anonymous wrote:Anonymous wrote:Wow! We DO live poor. Jealous of y'all..
58/52
Net worth - About $6M (outside of house)
House - Bought for $450K in early 2000s; worth $800K. $300K mortgage. Vienna zip code.
HHI - $250K
Kids in college.
Question for DCUM: Should we sell our house and upgrade?
I wouldn’t upgrade now with kids out of the house. I’d become a snowbird and buy a second home, personally.
And/or wait for interest rates to come down and downsize the home and consider a 2nd home elsewhere.
For those of you with second homes at a warmer locale.. is it a SFH, townhouse or apartment? How much time do you spend at the second location? Who manages it when you are not there? How do you deal with issues that inevitably pop up? All things considered, is it more of a headache or a value add (non financial)?
Anonymous
05/25/2023 10:30
Subject: What is your house worth
Anonymous wrote:Anonymous wrote:Wow! We DO live poor. Jealous of y'all..
58/52
Net worth - About $6M (outside of house)
House - Bought for $450K in early 2000s; worth $800K. $300K mortgage. Vienna zip code.
HHI - $250K
Kids in college.
Question for DCUM: Should we sell our house and upgrade?
I wouldn’t upgrade now with kids out of the house. I’d become a snowbird and buy a second home, personally.
And/or wait for interest rates to come down and downsize the home and consider a 2nd home elsewhere.
Anonymous
05/24/2023 23:34
Subject: What is your house worth
What ages are you? 50 and 51
Net worth? About $3m
HHI? $180k
# of kids? 2 - they are 10 and 13
House is worth $1.2m. We have a mortgage of less than $150k and no other debt.
Net worth? About $3m
HHI? $180k
# of kids? 2 - they are 10 and 13
House is worth $1.2m. We have a mortgage of less than $150k and no other debt.
Anonymous
05/24/2023 19:40
Subject: Re:What is your house worth
53, 59
Net worth: $3.5M which includes the equity in our home; $2M in 401K and $1M in stocks mainly from an inheritance
HHI: $175K
1 college student; 1 high school senior soon to be college student; 1 adult DC with first job post college, still living at home
Home: Paid $230K in 1998. $175K mortgage (we've refinanced several times.) Worth $700K
Net worth: $3.5M which includes the equity in our home; $2M in 401K and $1M in stocks mainly from an inheritance
HHI: $175K
1 college student; 1 high school senior soon to be college student; 1 adult DC with first job post college, still living at home
Home: Paid $230K in 1998. $175K mortgage (we've refinanced several times.) Worth $700K
Anonymous
05/23/2023 18:37
Subject: What is your house worth
51, 52
Net worth? I really don’t know. Never really think about it. We do have 4 pensions (2 each)
HHI? $220k
1 college student
House: paid $428k 14 years ago. I’d guess ~$700k today.
Anonymous
05/23/2023 18:15
Subject: What is your house worth
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.
After 50, think of paying property tax in retirement.
Anonymous
05/23/2023 18:12
Subject: What is your house worth
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.
Should I share my SSN as well?
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.
Anonymous
05/23/2023 17:12
Subject: What is your house worth
What ages are you? 47. Divorced (single)
Net worth? $3.1mm (includes home equity)
HHI? $430k
# of kids? 2 (14 and 12)