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Old 01-12-2012, 01:44 PM   #41
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Originally Posted by tmm99 View Post
Here is the list of condo's for less than 150K in San Jose (south bay)...
Real Estate Search | Redfin
Most parts of San Jose aren't that nice, but I don't think you have to go to East Bay like Oakland (much higher crime rate) to get a 150K condo.
Bit of a commute if you work in SF though.

ER, for all intents and purposes. Part-time income <5% of annual expenditure.
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Old 01-12-2012, 01:51 PM   #42
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I lived in both the city and the East Bay at various times. It would be difficult to impossible to find a non-subsidized place in the city for $250K or less, but going East has some possiblities that have already been mentioned. Head South to San Mateo, San Bruno, Daly City, South San Francisco or San Jose and there are more possibilites. I would be concerned about the resale restrictions and home inspections that are mentioned in conjunction with the subsidized plans, but if you are comfortable with those and meet the ncome requirements, there are some great deals.

I used the San Francisco Area MLS to search when I was there - it feeds all the realtor sites.

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Old 01-12-2012, 02:42 PM   #43
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With regard to the original question of being able to ER on only IRA and 401k (no inheritance, pension, etc.), it would depend on how early one would retire. Most young people have a difficult time contributing maximums to tax deferred accounts, unless they are in very high paying jobs, and then you face income limitations. But it surely can be done, especially if your ER age is up closer to 60.

When I started saving for retirement, there we no IRA's or 401k's so I started with after tax savings. I'm glad I did, since that is what I am now living on until I reach 59.5 (or older). Most of the taxes have already been paid. I would still recommend some savings in after tax accounts for most anyone these days.
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Old 01-12-2012, 06:35 PM   #44
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Originally Posted by FIREd View Post
Yes, Alameda looks very nice. However, that's where most of DW's colleagues live and we want to do our own thing. After spending 10 years in suburbia, I am ready to move back to the city.

DW and I have lived in the BA, both in The City and outside it, for 10 yrs. Since then, we've returned to visit friends a few times every year. Were we to return, if we didn't live in North Beach, we'd likely live in Sausalito; $$$ not being the primary factor of course.

Good hunting!
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Old 01-12-2012, 09:25 PM   #45
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The BMR housing in the city is a little more expensive than $150K, but I'm also looking at San Rafael and Novato. Also, the SF BMR housing has income caps that vary.
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Old 01-12-2012, 09:54 PM   #46
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Originally Posted by Major Tom
Bit of a commute if you work in SF though.
True. Try San Bruno or Daly City on redfin. I am sure you will find several listings.
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Old 01-12-2012, 10:40 PM   #47
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I will be living off rental property and dividends from taxable accounts before I am able to access an IRA. I hope to leave it alone until RMD.

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