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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09-22-2016, 07:07 AM
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#101
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Recycles dryer sheets
Join Date: Mar 2011
Location: North Carolina
Posts: 217
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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.
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09-22-2016, 07:10 AM
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#102
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Dryer sheet wannabe
Join Date: Apr 2006
Posts: 11
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11%. No mortgage.
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09-22-2016, 08:25 AM
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#103
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Thinks s/he gets paid by the post
Join Date: Jan 2012
Posts: 2,581
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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.
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09-22-2016, 08:32 AM
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#104
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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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Quote:
Originally Posted by Sojourner
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.
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Yes, would be interesting but should only be for retirees or those close to retiring.
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09-22-2016, 10:57 AM
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#105
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,309
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Quote:
Originally Posted by Sojourner
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.
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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?
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__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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09-22-2016, 11:41 AM
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#106
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Thinks s/he gets paid by the post
Join Date: Mar 2010
Posts: 1,994
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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.
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09-22-2016, 11:48 AM
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#107
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Moderator
Join Date: Oct 2010
Posts: 10,656
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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.
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09-22-2016, 12:01 PM
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#108
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Recycles dryer sheets
Join Date: Feb 2015
Posts: 89
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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.
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09-22-2016, 12:27 PM
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#109
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Thinks s/he gets paid by the post
Join Date: Jul 2011
Location: The Bay Area
Posts: 2,736
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Quote:
Originally Posted by FIREd
Currently renting in San Francisco. If I purchased this an equivalent home outright, my ratio would be about 50%.
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+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.
100% x 10% > 10% x 100%
Small pensions & SS cover essentials
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Poll: Compare value of your residence to investment portfolio
09-22-2016, 12:28 PM
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#110
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Recycles dryer sheets
Join Date: Jun 2012
Posts: 88
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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
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09-22-2016, 12:34 PM
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#111
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Thinks s/he gets paid by the post
Join Date: Apr 2016
Location: Ex-Cali
Posts: 1,236
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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 plan was September 1, 2022 and I am 95% there. Still working a few hours a week at the real job.
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09-22-2016, 01:45 PM
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#112
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Full time employment: Posting here.
Join Date: Dec 2015
Location: Vancouver
Posts: 915
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Quote:
Originally Posted by Meadbh
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.
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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.
__________________
Good Riddance. April 2022
"Yes, there's some shady stuff going down but it's fuelled by stupidity."
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09-22-2016, 01:57 PM
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#113
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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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Quote:
Originally Posted by CaliKid
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!?
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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.
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09-22-2016, 01:58 PM
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#114
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2013
Posts: 9,358
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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)
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09-22-2016, 02:10 PM
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#115
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2016
Posts: 8,968
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Or they've chosen not to sell and move somewhere more expensive.
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09-22-2016, 02:21 PM
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#116
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Full time employment: Posting here.
Join Date: Apr 2011
Location: Castro Valley
Posts: 788
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50%. Live in SF bay Area.
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09-22-2016, 02:33 PM
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#117
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Full time employment: Posting here.
Join Date: Aug 2015
Posts: 550
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37.5%. Live in SF Bay Area.
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09-22-2016, 02:45 PM
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#118
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Recycles dryer sheets
Join Date: Apr 2012
Posts: 216
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25%, Maryland, just a few years from retiring.
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09-22-2016, 03:16 PM
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#119
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Recycles dryer sheets
Join Date: May 2015
Location: Houston
Posts: 337
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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.
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09-22-2016, 05:15 PM
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#120
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Thinks s/he gets paid by the post
Join Date: Mar 2013
Location: Southern California
Posts: 3,995
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43%, Southern California. Kind of crazy, I know.
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