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07-17-2017, 09:54 PM
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#81
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Recycles dryer sheets
Join Date: Apr 2011
Posts: 149
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~20%
Not only is our numerator pretty subjective, our denominator is as well as most of our net worth is centered in investment real estate.
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07-17-2017, 11:25 PM
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#82
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Thinks s/he gets paid by the post
Join Date: Jun 2016
Posts: 4,663
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Around 25%
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07-18-2017, 12:49 AM
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#83
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Recycles dryer sheets
Join Date: Jan 2017
Location: TX
Posts: 102
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~30% right now
Bought way more house than we needed a couple of years ago as the value of your primary residence does not have to be declared on the FAFSA. Was an attempt to lower my EFC and lower insanely high tuition costs as my children go through their college years. Planning to "downsize" to ~10-15% once I RE in OMY or is it 2MY or is it 3MY or argh....
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07-18-2017, 01:35 AM
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#84
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Thinks s/he gets paid by the post
Join Date: Dec 2010
Location: Midwest
Posts: 1,795
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I would prefer a question of the "net value" of your "homes" (including vacation/2nd homes). A 225k home with a 100k mortgage would count more on this survey than a 125k free and clear vacation /2nd home in your survey. Net values, on the other hand, would be the same on each.
Many do not include the net value of homes on net worth, since it is a "frozen" asset and not producing current income. Looks good on paper, but not valuable to income unless you sell or reverse mortgage it.
But, to be a sport, 20%.
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07-18-2017, 03:07 AM
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#85
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Thinks s/he gets paid by the post
Join Date: Dec 2010
Location: USA
Posts: 1,050
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11.5% based on current net worth and no mortgage. Working until the BS bucket overflows, sometimes I feel it's a matter of days, but thinking a couple of years, then semi-retire to other options to be determined.
Its a modest 3 bedroom condo in Southern California, excellent schools for the kids and about 10 minutes from the ocean. We purchased with the idea that semi-retirement was within 5 years, so wanted the maintenance free/association fee trade off. Association fee and taxes are below $1,000 per month so it's pretty cheap. It's working so far.
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07-18-2017, 03:29 AM
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#86
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Recycles dryer sheets
Join Date: Dec 2012
Posts: 335
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13%
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07-18-2017, 04:05 AM
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#87
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2013
Location: Limerick
Posts: 5,655
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6.6% for primary home.
15% for all real estate.
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07-18-2017, 05:16 AM
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#88
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Recycles dryer sheets
Join Date: Oct 2011
Posts: 107
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9%, no mortgage.
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07-18-2017, 05:28 AM
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#89
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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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18-20% Including all our personal use real estate. Aged 67. Retired 11 years. Looks like the norm for retired people might be 10-25%? I dont seem to be outside the normal range? Really is heavily dependant on where you live.
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07-18-2017, 05:52 AM
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#90
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2007
Posts: 13,227
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Quote:
Originally Posted by Luck_Club
Challenging question:
It depends when you measure doesn't it?
So when you buy a house, assuming you stay in the time tested affordability index and buy about 25%-30% of your gross income, you should end up with your house at a percentage of about 25% of your net worth when paid off yes or no?
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No. There's no logic to say that one number leads to another. The rest of your net worth depends mostly on how much you save each month after paying your mortgage, which is highly variable. Many people will save very little, and their house will be a huge % of their wealth.
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07-18-2017, 06:11 AM
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#91
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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: 10,930
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For my primary house, if I carved out a few acres just for the house and associated structures, I'd estimate it would represent <5%. My second house is only about 2%.
No mortgage on either of these, ever.
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07-18-2017, 06:34 AM
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#92
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Dryer sheet aficionado
Join Date: Jan 2010
Location: Alliance
Posts: 40
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3% No Mortage
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07-18-2017, 06:50 AM
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#93
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Recycles dryer sheets
Join Date: Nov 2010
Location: Henderson
Posts: 87
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12%, two houses as family residences, no mortgages
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07-18-2017, 06:57 AM
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#94
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Thinks s/he gets paid by the post
Join Date: Nov 2013
Posts: 1,048
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22% primary
44% with investment properties
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07-18-2017, 07:14 AM
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#95
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Thinks s/he gets paid by the post
Join Date: Aug 2012
Posts: 1,862
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~12%. Before we "downsized" it was 6%. We live in a very affordable area.
Sent from my SAMSUNG-SM-G930A using Early Retirement Forum mobile app
__________________
FIRE Class of 2018 @ 61
Old men and women sit in the shade of trees they planted long ago
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07-18-2017, 07:28 AM
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#96
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Recycles dryer sheets
Join Date: Aug 2013
Posts: 275
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16.5% and no mortgage.... The house is about 2X more then we really need but we really love the house and location. We did a lot of custom features and high end upgrades when we had it built 15 years ago. However, if someone offered me enough money over market value I would sell it. All my stuff is for sale at the right price. .... Will downsize when the house gets too much to take care of.
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07-18-2017, 07:34 AM
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#97
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Recycles dryer sheets
Join Date: Dec 2016
Posts: 200
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24%. No mortgage
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07-18-2017, 07:44 AM
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#98
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Recycles dryer sheets
Join Date: Aug 2013
Posts: 437
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paid about 4%, but it's now at 5%... and at this point I should downsize.
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07-18-2017, 07:48 AM
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#99
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Recycles dryer sheets
Join Date: Jul 2014
Posts: 153
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About 25%, 2 homes: primary + country home. All paid for. Primary is in VHCOL area.
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07-18-2017, 08:08 AM
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#100
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Full time employment: Posting here.
Join Date: Oct 2006
Posts: 783
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Approximately 7.7% with no mortgage
__________________
***********
My motto is.... "a dollar saved is better than a dollar earned. I don't pay tax on the dollar I saved."
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