Has anyone noticed the absence of new posters bragging about their huge equity in their houses. Six months or a year ago it seemed like every few days a new poster would start a "Hi, I'm new here" thread that went something like this:
"Hi, long time lurker. Age 41 with wife and 1 kid. $1.3 million in total net worth. House is worth $1.1 million (at least!!!!) with a $100,000 mortgage - we bought our principal residence in California 16 years ago as a real estate investment and it paid off! $150k in my 401k. $75k in my IRA, $75k in DW's IRA+401k. We plan to sell the house and move to rural Arkansas to retire. Expenses of $49,000.
Are we ready to retire??!!"
Where did all these folks go? Has the equity disappeared? Do they perceive a great threat to their equity, therefore they discount it from their net worth calculations? Maybe they all sold and moved to rural Arkansas... Just food for thought.
Also, where are all the conspiracy theorists who were challenging the validity of the CPI rate a year ago as house prices jumped by 20%/yr for 5 straight years? The complaint was "people buy houses, why aren't house prices included in the CPI instead of market rent?". Aren't these folks going to complain that CPI should be dropping quick due to housing price decreases?
"Hi, long time lurker. Age 41 with wife and 1 kid. $1.3 million in total net worth. House is worth $1.1 million (at least!!!!) with a $100,000 mortgage - we bought our principal residence in California 16 years ago as a real estate investment and it paid off! $150k in my 401k. $75k in my IRA, $75k in DW's IRA+401k. We plan to sell the house and move to rural Arkansas to retire. Expenses of $49,000.
Are we ready to retire??!!"
Where did all these folks go? Has the equity disappeared? Do they perceive a great threat to their equity, therefore they discount it from their net worth calculations? Maybe they all sold and moved to rural Arkansas... Just food for thought.
Also, where are all the conspiracy theorists who were challenging the validity of the CPI rate a year ago as house prices jumped by 20%/yr for 5 straight years? The complaint was "people buy houses, why aren't house prices included in the CPI instead of market rent?". Aren't these folks going to complain that CPI should be dropping quick due to housing price decreases?