Join Early Retirement Today
View Poll Results: My home represents this percentage of the total computed in Step 1 (in the first post
0-10% 92 26.44%
10-20% 132 37.93%
20-30% 65 18.68%
30-40% 24 6.90%
40-50% 18 5.17%
>50% 7 2.01%
I rent or do not have a main home 10 2.87%
These poll choices are terrible! None fit me, but I wanted to participate. 0 0%
Voters: 348. You may not vote on this poll

Reply
 
Thread Tools Search this Thread Display Modes
Old 09-22-2016, 08:07 AM   #101
Recycles dryer sheets
prototype's Avatar
 
Join Date: Mar 2011
Posts: 164
Renting now, so that's how I voted.

I was at about 33% before I sold my Northern Va home in 2014. Under my current plan (2018 home buy) I will probably be at 25-30% when I pay cash for a home in a lower cost area.
__________________

__________________
prototype is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 09-22-2016, 08:10 AM   #102
Dryer sheet wannabe
 
Join Date: Apr 2006
Posts: 10
11%. No mortgage.

Sent from my SM-G920V using Early Retirement Forum mobile app
__________________

__________________
bison74 is offline   Reply With Quote
Old 09-22-2016, 09:25 AM   #103
Recycles dryer sheets
Sojourner's Avatar
 
Join Date: Jan 2012
Posts: 344
I'm in the 0-10% group (about 7.7%), using the average of what Zillow says my house is worth and what my county property tax bill says. The Zillow number seems high to me and the county number seems low, so I think something in between is probably pretty accurate. It's been years since I poked around on Zillow -- pretty cool site!

Does anyone happen to know (or want to guess) what the results of this poll would be if taken by the general public? I'm guessing the >50% bar would be the winner by a long shot, but I'm curious to know what the actual numbers would be.
__________________
Sojourner is offline   Reply With Quote
Old 09-22-2016, 09:32 AM   #104
Thinks s/he gets paid by the post
 
Join Date: Dec 2009
Location: Alberta/Ontario/ Arizona
Posts: 2,336
Quote:
Originally Posted by Sojourner View Post
I'm in the 0-10% group (about 7.7%), using the average of what Zillow says my house is worth and what my county property tax bill says. The Zillow number seems high to me and the county number seems low, so I think something in between is probably pretty accurate. It's been years since I poked around on Zillow -- pretty cool site!

Does anyone happen to know (or want to guess) what the results of this poll would be if taken by the general public? I'm guessing the >50% bar would be the winner by a long shot, but I'm curious to know what the actual numbers would be.
Yes, would be interesting but should only be for retirees or those close to retiring.
__________________
Danmar is offline   Reply With Quote
Old 09-22-2016, 11:57 AM   #105
Thinks s/he gets paid by the post
 
Join Date: Aug 2004
Location: Laurel, MD
Posts: 2,402
Quote:
Originally Posted by Sojourner View Post

Does anyone happen to know (or want to guess) what the results of this poll would be if taken by the general public? I'm guessing the >50% bar would be the winner by a long shot, but I'm curious to know what the actual numbers would be.

The curious thing about this poll I think is the more you analyze the less meaning you will derive, so it really is just for fun. In your challenge to guess the percentage of the general public many people have very little equity (as in mortgaged to the max or upside down) and fairly low net worth as well so my guess is their ratios are not dramatically different than the RE crowd. Come to think of it what does negative equity do to this calculation?


Sent from my iPhone using Early Retirement Forum
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
jazz4cash is offline   Reply With Quote
Old 09-22-2016, 12:41 PM   #106
Thinks s/he gets paid by the post
 
Join Date: Mar 2010
Posts: 1,615
I voted before I checked Zillow's value for my home which is lower than my tax value so not sure how valid Zillow is. But using Zillow's value:

If i use liquid investable assets plus book value of stock in family business (which is an investment) I get 9.1%.

If I use only liquid investable assets I get 11.9%

No mortgage.
__________________
sheehs1 is offline   Reply With Quote
Old 09-22-2016, 12:48 PM   #107
Thinks s/he gets paid by the post
sengsational's Avatar
 
Join Date: Oct 2010
Posts: 3,053
Some of these percentages are very high, which means the hard asset component of that asset distribution is kind of locked into that high spot. Not that that's 'bad', just that I wonder if there are folks in that position that are ignoring their personal residence when it comes to setting and maintaining their asset allocation. Of course if you wanted to "rebalance" out of hard asset towards, say, equities, you could always take out a loan and buy stock.
__________________
sengsational is offline   Reply With Quote
Old 09-22-2016, 01:01 PM   #108
Dryer sheet aficionado
 
Join Date: Feb 2015
Posts: 49
I'm at just about 50% on the CA Central Coast. Since we just finished a major remodel I don't actually know what my house is worth. The Zillow estimate is low and we don't even have the reassessment from the tax man yet, though that is coming. Also I have a pension, not included, and a mortgage. I love my house, and its location, so I'm not complaining.
__________________
Persn is offline   Reply With Quote
Old 09-22-2016, 01:27 PM   #109
Thinks s/he gets paid by the post
Huston55's Avatar
 
Join Date: Jul 2011
Location: The Bay Area
Posts: 1,402
Quote:
Originally Posted by FIREd View Post
Currently renting in San Francisco. If I purchased this an equivalent home outright, my ratio would be about 50%.
+1 & also in SF Bay Area.

I chose "renting" for the poll but, if we purchased an equivalent home, our ratio would be in the 30-40% band.
__________________
You may be whatever you resolve to be.
Huston55 is online now   Reply With Quote
Poll: Compare value of your residence to investment portfolio
Old 09-22-2016, 01:28 PM   #110
Recycles dryer sheets
 
Join Date: Jun 2012
Posts: 86
Poll: Compare value of your residence to investment portfolio

About 30% with a house and condo in the Bay Area. Will sell one or the other within 6 months.


Sent from my iPhone using Early Retirement Forum
__________________
Daniel J is offline   Reply With Quote
Old 09-22-2016, 01:34 PM   #111
Recycles dryer sheets
 
Join Date: Apr 2016
Location: Cali
Posts: 303
Why are rental properties not in the equation? I don't get the significance of house to liquid. Seems more important to know house to overall assets because that is more an indication if one is living beyond their means, no!?
__________________
______________________
Hoping to get out around September 1, 2022... I hope, I hope, I hope. Until then off to work I go....
CaliKid is online now   Reply With Quote
Old 09-22-2016, 02:45 PM   #112
Recycles dryer sheets
YVRRocketSurgery's Avatar
 
Join Date: Dec 2015
Location: Vancouver
Posts: 184
Quote:
Originally Posted by Meadbh View Post
Actually, I would have expected the value of your Vancouver home to increase by a bigger multiple over ~20 years. I owned a home in Winnipeg for 20 years and sold it for 3.08 X my purchase price. Five years on, it has recently been on the market for 60% more than that (I don't know the 2016 sale price). Granted, both I and the new owners had done some renovations. And the numbers are an order of magnitude smaller than in Vancouver.
Hmm, I suppose. I still find the current valuation pretty nutty. If we had to buy in now from scratch, we'd find it pretty daunting.
Hard to compare apple to apple though when reno's/improvements are involved.
__________________
"Life moves pretty fast. If you don't stop and look around for a while, you could miss it."
YVRRocketSurgery is offline   Reply With Quote
Old 09-22-2016, 02:57 PM   #113
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2004
Posts: 11,075
Quote:
Originally Posted by CaliKid View Post
Why are rental properties not in the equation? I don't get the significance of house to liquid. Seems more important to know house to overall assets because that is more an indication if one is living beyond their means, no!?
The poll results don't tell us anything about cash flow/living beyond means, etc. As structured, the poll tells us what share of respondents' assets (minus future pensions and a few other things) are tied up in their house. I agree that it might be more intuitive to include income properties along with other investments.
__________________
"Freedom begins when you tell Mrs. Grundy to go fly a kite." - R. Heinlein
samclem is online now   Reply With Quote
Old 09-22-2016, 02:58 PM   #114
Thinks s/he gets paid by the post
 
Join Date: Feb 2013
Posts: 4,671
I don't think these numbers are too meaningful in places like California. The original owners in our neighborhood have seen their house prices increase by a factor of over 25 times the original cost. So they aren't really house poor - they've just chosen not to sell and move some place cheaper.
__________________
Even clouds seem bright and breezy, 'Cause the livin' is free and easy, See the rat race in a new way, Like you're wakin' up to a new day (Dr. Tarr and Professor Fether lyrics, Alan Parsons Project, based on an EA Poe story)
daylatedollarshort is offline   Reply With Quote
Old 09-22-2016, 03:10 PM   #115
Thinks s/he gets paid by the post
RobbieB's Avatar
 
Join Date: Mar 2016
Location: Central CA
Posts: 1,580
Or they've chosen not to sell and move somewhere more expensive.
__________________
Retired at 59 in 2014. Should have done it sooner but I worried too much.
RobbieB is offline   Reply With Quote
Old 09-22-2016, 03:21 PM   #116
Recycles dryer sheets
 
Join Date: Apr 2011
Location: Castro Valley
Posts: 349
50%. Live in SF bay Area.
__________________
jkern is offline   Reply With Quote
Old 09-22-2016, 03:33 PM   #117
Recycles dryer sheets
 
Join Date: Aug 2015
Posts: 306
37.5%. Live in SF Bay Area.
__________________
VFK57 is offline   Reply With Quote
Old 09-22-2016, 03:45 PM   #118
Recycles dryer sheets
MikeWillRetire's Avatar
 
Join Date: Apr 2012
Posts: 129
25%, Maryland, just a few years from retiring.
__________________
MikeWillRetire is offline   Reply With Quote
Old 09-22-2016, 04:16 PM   #119
Recycles dryer sheets
 
Join Date: May 2015
Location: Houston
Posts: 266
We're retired, and the house is less than 10% of our net worth.

We're lucky to live in the Houston area, where housing prices are relatively low. Of course, folks in the Houston area can easily spend three or four times the value of our home, especially those who want to live close to central Houston. We're quite happy out in the suburbs, though.
__________________
Slow But Steady is online now   Reply With Quote
Old 09-22-2016, 06:15 PM   #120
Thinks s/he gets paid by the post
Ready's Avatar
 
Join Date: Mar 2013
Location: Southern California
Posts: 1,275
43%, Southern California. Kind of crazy, I know.
__________________

__________________
Ready is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
How soon can I reach my FIRE Final Investment Portfolio Value Goal? nico08 FIRE and Money 18 04-27-2014 12:17 PM
Poll:What is your Car Value to Home Value ratio bank5 FIRE and Money 112 03-26-2014 08:20 AM
Poll-Do You Rent or Own Your Major Residence? haha FIRE and Money 70 04-19-2011 03:07 PM
Is personal residence a store of value? oldcrowcall FIRE and Money 12 06-13-2004 05:50 PM

 

 
All times are GMT -6. The time now is 10:03 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.