Can I retire like this? (3.2 million net worth)

[remotedesktop]

Quote:

Originally Posted by Spanky I was wondering about the same thing. No one has commented on happiness and dating. It does not matter how successful you are in financial independence if you are not happy about your life. Take some time to contemplate on what would make you happy and the characteristics of your soul mate other than physical appearance. Good luck.

I think I may have met her just 9 days after my terrible breakup with a terrible woman. Borderline Personality Disorder is a serious mental illness.

[Librarian]

TX property taxes are AWFUL.

DD is in FW & they are like 2.3% (people moan & groan about our 1.7% rate in NE). The market is hot there, tho not like here in Lincoln (less than 200 single family homes on the market in a city of nearly 300K).

Other than that I like FW a lot.

[Spanky]

Quote:

Originally Posted by remotedesktop I think I may have met her just 9 days after my terrible breakup with a terrible woman. Borderline Personality Disorder is a serious mental illness.

Cool!

[Magus]

Quote:

Originally Posted by remotedesktop I'm not assuming 1 mil a year appreciation, not all of us live in small town USA. I live in the sixth most expensive housing market in the country. My properties appreciate 1 million a year. Yes there will be down years, but again, I can take out say 6 million after a few year of appreciation and put it in dividend stocks or index funds and live off that for life while waiting for prices to go back up plus I'll still have rental income...

Who said anything about small town USA? I live in a top 25 pop city and top 10 growing but am well versed on real estate all over. What % appreciation are you assuming to get to a million a year in appreciation? You do realize the last couple years are highly unusual - we may get one more year of elevated appreciation but we could then have 2-5 years of no appreciation. The long term average is about 3% in the US.

[Spanky]

Quote:

Originally Posted by Librarian TX property taxes are AWFUL. DD is in FW & they are like 2.3% (people moan & groan about our 1.7% rate in NE). The market is hot there, tho not like here in Lincoln (less than 200 single family homes on the market in a city of nearly 300K). Other than that I like FW a lot.

In addition to high property tax, the humidity is hard to bear. I stationed at Lackland AFB many, many years ago. It was hot and muggy. I guess it is better than cold and chilly where we live.