View Poll Results: My home represents this percentage of the total computed in Step 1 (in the first post
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0-10%
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93 |
26.57% |
10-20%
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133 |
38.00% |
20-30%
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65 |
18.57% |
30-40%
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24 |
6.86% |
40-50%
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18 |
5.14% |
>50%
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7 |
2.00% |
I rent or do not have a main home
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10 |
2.86% |
These poll choices are terrible! None fit me, but I wanted to participate.
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0 |
0% |
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Poll: Compare value of your residence to investment portfolio
09-21-2016, 08:00 AM
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#1
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,468
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Poll: Compare value of your residence to investment portfolio
This poll is just for fun. It should make the San Franciscans and those with a big pension feel like they live in the Taj Mahal.
Step 1: Add the value of your investment portfolio to the equity you have in your main home. Do not include rentals, pensions, SS, additional homes, cars/boats/planes/RV's, annuities.
Step 2: Figure out the percentage of that total that your equity in your main home represents.
If you do not have a main home, or if you rent, there's an option for you, too.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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09-21-2016, 08:16 AM
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#2
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Thinks s/he gets paid by the post
Join Date: May 2014
Location: Utrecht
Posts: 2,650
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Renter here
Incidentally, if I would buy my current residence I'd end up with it being 45% (roughly) of my investment portfolio.
By several definitions that would make me house poor I guess.
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09-21-2016, 08:28 AM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2006
Posts: 11,401
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9.6%, not counting rental or vacation property. No mortgage on home.
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09-21-2016, 08:36 AM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2004
Location: SW Ohio
Posts: 14,404
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I didn't include NPV of pension, just included our investments.
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09-21-2016, 08:37 AM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,201
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__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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09-21-2016, 08:38 AM
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#6
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,468
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Quote:
Originally Posted by samclem
I didn't include NPV of pension, just included our investments.
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Good. I just wanted to compare investments to home equity, without getting into the net worth definition which can be such a hornet's nest. The poll is just for fun, not to prove anything whatsoever.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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09-21-2016, 08:42 AM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,150
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Less than 7%, just the way we like it. We'd be willing to spend more on a house, but the ongoing costs (prop taxes, insurance, utilities, maintenance costs, and/or COL) are likely to be higher as well - year after year after year. The latter is why we've always chosen to be 'house rich.' Odds are we'll recover the purchase cost whenever we sell, but those ongoing costs just eat away at net worth, and you never get that back. YMMV
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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09-21-2016, 08:44 AM
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#8
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,468
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Quote:
Originally Posted by Meadbh
9.6%, not counting rental or vacation property. No mortgage on home.
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Very nice! I don't have a mortgage either, and mine comes to about 14%. That's for my new "dream home". My prior home was about 12%.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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09-21-2016, 08:45 AM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,761
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I'm house po
__________________
You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
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09-21-2016, 08:48 AM
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#10
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Recycles dryer sheets
Join Date: May 2010
Location: Cincinnati
Posts: 383
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12%
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09-21-2016, 08:50 AM
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#11
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Thinks s/he gets paid by the post
Join Date: Aug 2011
Posts: 3,587
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10.2%
"Millionaire Next Door" book student here.
(same idea as MidPack's comments above)
-gauss
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09-21-2016, 08:50 AM
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#12
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,468
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But nobody has selected >50% yet. There's room at the top!
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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09-21-2016, 08:51 AM
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#13
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Thinks s/he gets paid by the post
Join Date: Dec 2009
Location: Alberta/Ontario/ Arizona
Posts: 3,393
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I was under 10% based on your instructions. Would have been about 20% if I included all personal use properties and the PV of my pension. Based on previous posts on this subject the norm seems to be in the 15-25% range at least for retirees.
Also important would be your stage of life, ie still accumulating or retired. Heck when I was just starting out my home equity was more than 100% of my net worth.
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09-21-2016, 08:56 AM
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#14
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Thinks s/he gets paid by the post
Join Date: Aug 2013
Posts: 1,659
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25%
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09-21-2016, 08:56 AM
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#15
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,468
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Quote:
Originally Posted by Danmar
I was under 10% based on your instructions. Would have been about 20% if I included all personal use properties and the PV of my pension. Based on previous posts on this subject the norm seems to be in the 15-25% range at least for retirees.
Also important would be your stage of life, ie still accumulating or retired. Heck when I was just starting out my home equity was more than 100% of my net worth.
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Under 10% is terrific! I agree, stage in life makes a huge difference as does source of income since some people rely on a huge pension and don't have much of an investment portfolio.
My weird instructions were designed to get around all the usual wrangling about the definition of net worth. Hopefully they are extremely clear, which was my objective. The poll is not meant to produce any great truths about retirees, so much as to just be something fun to do on a Wednesday morning.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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09-21-2016, 08:58 AM
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#16
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Full time employment: Posting here.
Join Date: May 2013
Posts: 756
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7.3% No mortgage.
__________________
“Believe me, my young friend, there is nothing - absolutely nothing - half so much worth doing as simply messing about in boats.” ― Kenneth Grahame, The Wind in the Willows
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09-21-2016, 08:59 AM
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#17
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2013
Location: Texas
Posts: 10,836
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How do I count the land that surrounds my home? I could probably just sell the home along with a small piece of the land but have always considered it "as one". The land is worth a lot more than the house and say maybe one or two acres with it.
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09-21-2016, 09:01 AM
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#18
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Recycles dryer sheets
Join Date: Mar 2012
Posts: 388
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12.5%---will be down sizing and moving soon. Expecting to be around 8% when that happens.
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09-21-2016, 09:03 AM
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#19
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,468
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Quote:
Originally Posted by Car-Guy
How do I count the land that surrounds my home? I could probably just sell the home along with a small piece of the land but have always considered it "as one". The land is worth a lot more than the house and say maybe one or two acres with it.
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Quote:
Originally Posted by W2R
Do not include rentals, pensions, SS, additional homes, cars/boats/planes/RV's, annuities.
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Unless it is presently part of the same real estate property, I'd say don't count it. For example, my house is on a 50'x120' lot and that is how it is viewed by the tax assessor, official real estate records, and so on. I'd include that lot, but if I also owned an adjacent lot I wouldn't include that land.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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09-21-2016, 09:18 AM
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#20
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Recycles dryer sheets
Join Date: Jan 2015
Location: Rural VT
Posts: 307
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About 16%, but this is Denver so it changes.....
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