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View Poll Results: Primary residence(s) as a % of net worth (without primary residences)
Less than 5% 22 7.51%
6-10% 87 29.69%
11-15% 59 20.14%
16-20% 42 14.33%
21-30% 51 17.41%
31-40% 16 5.46%
More than 40% 16 5.46%
Voters: 293. You may not vote on this poll

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Old 04-03-2018, 06:05 PM   #81
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Originally Posted by ABQ2015 View Post
My poll vote would be 35% but that is not meaningful to the OP since the bulk of my income is pension and SS and normally not included in net worth.
Excellent point, and one that should come up in any discussion of net worth.

If pensions, SS, and PT income isn't taken into consideration, the numbers may be skewed. If that cash flow was converted into present value, the % of primary residence for many of us would be much lower.

Not trying to be critical of the survey, BTW. The results are interesting.
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Old 04-03-2018, 06:16 PM   #82
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...More recently there was this wacky place trying to lure me - would have been a big stretch and it is very nutty, but a great location and not your normal tract home..
https://www.zillow.com/savedhomes/fo..._zm/1_rs/1_fr/
It is difficult to clean all those glass panels of that house. Definitely not a DIY chore.

And I wonder if it is difficult or expensive to heat/cool that house, as glass does not have good R-value.

PS. Homes in the high-country boondocks of AZ, and I figure boondocks elsewhere, are not typical tract homes as in the cities. Even a shack is "custom", as there are no big divisions for builders to put up homes en masse. The hilly lots mean that each home has to conform to the site, and that adds to the uniqueness of the homes.
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Old 04-03-2018, 06:24 PM   #83
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We're slightly under 13% for our primary home. Seems like a very common number.

Slightly over 15% if I include our summer cottage.

Calling it a "cottage" makes it snooty-tooty
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Old 04-03-2018, 07:08 PM   #84
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My dreams are something else though - bank turned down our offer on this great views home, then accepted $10k less a year later, just after we had bought our SoCal home:
https://www.zillow.com/savedhomes/fo..._zm/1_rs/1_fr/

More recently there was this wacky place trying to lure me - would have been a big stretch and it is very nutty, but a great location and not your normal tract home..
https://www.zillow.com/savedhomes/fo..._zm/1_rs/1_fr/
Very cool. Prescott is on my list of places to visit for a possible eventual relocation. I am worried that it might be too "California like" for me but I do like some of the out there houses I've seen there on Zillow. I would also like to visit places like Payson and Pinetop-Lakeside. I've never been to any of these (but have been to Flagstaff and somewhat liked it).
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Old 04-04-2018, 07:14 AM   #85
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I came up with 10.4% and rounded down to tick the 6-10% box.

I'm comfortable with this number - no plans to trade up, trade down or buy a second home (in part due to tax complications if I buy a "home" in another country).
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Old 04-04-2018, 08:05 AM   #86
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We're not ER yet, though I think we could be by the numbers. In CA and in the 40+ box. Actual number depends on housing market fluctuations and the market. We hope to be fully retired within the next 5 years and, though we're looking at moving, the ratio probably won't change that much. We have young kids, so while we're older, we're not quite at the downsizing phase of life yet. Moving to a lower CoL area is on our list of backup strategies if the numbers start to look shaky.

As others have pointed out, this is as much about the assets you have available to spend and any potential income as it is about % of your worth. But it's an interesting question. I posted something in a similar vein a couple of weeks ago. It seems nuts to count as zero something that is such a large % of your net worth.

One of the earlier posters talked about lifestyle priorities and I think this is such a good point. I'm a total homebody. Most of my interests and hobbies revolve around either my home and/or nice weather. So a nice home in a temperate location is important to me. If I had a major travel bug, I would probably want a very different house. You've done the work, earned the money, and now it's about priorities in how you choose to spend it.
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Old 04-04-2018, 08:09 AM   #87
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More recently there was this wacky place trying to lure me - would have been a big stretch and it is very nutty, but a great location and not your normal tract home..
https://www.zillow.com/savedhomes/fo..._zm/1_rs/1_fr/
Very attractive to former air traffic controllers I'm sure
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Old 04-04-2018, 08:13 AM   #88
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I live in a HCOL area. I'm at a crazy high 85%! (Dh retiring in May 2019 and me lagging behind him).
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Old 04-04-2018, 08:23 AM   #89
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Calling it a "cottage" makes it snooty-tooty
It's regional. That's what they call them here. Up north they call them "camps"

I've always thought "lake house" seemed snootier. "I say, luvvie, shall we have the Baldersons out to the lake house ?"
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Old 04-04-2018, 09:55 AM   #90
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It is difficult to clean all those glass panels of that house. Definitely not a DIY chore.

And I wonder if it is difficult or expensive to heat/cool that house, as glass does not have good R-value.

PS. Homes in the high-country boondocks of AZ, and I figure boondocks elsewhere, are not typical tract homes as in the cities. Even a shack is "custom", as there are no big divisions for builders to put up homes en masse. The hilly lots mean that each home has to conform to the site, and that adds to the uniqueness of the homes.
I'm sure the glass makes for plenty of solar gain - roasty toasty in the summer. The ceiling curtains were kind of indicative. At ten stories, six accessible by elevator, it claimed/s to be the tallest single family home in the US. I see a walkway around the top of the glass ceiling area on picture #40, so an extension pole might make cleaning the roof easier, but also see an extension ladder laying up there! NOT the place I want to start to clamber up a ladder to wash the upper windows!
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Old 04-04-2018, 11:25 AM   #91
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It is as quoted by Kcowan in post #67.

Perhaps Kcowan did some edit, and caused the mislabeling.
I quoted post #65 after the PS.
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Old 04-04-2018, 11:49 AM   #92
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It's regional. That's what they call them here. Up north they call them "camps"

I've always thought "lake house" seemed snootier. "I say, luvvie, shall we have the Baldersons out to the lake house ?"
Yes lake house is definitely more accurate around there. A cottage has an image like no stainless appliances et al.
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Old 04-04-2018, 12:24 PM   #93
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Very attractive to former air traffic controllers I'm sure
Yes, Calmloki's dream house is quite unconventional.

For a 360-deg view, I prefer something a bit more conventional like this: a round house.

All it takes is money. And some time to scout for the right location.



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Old 04-05-2018, 09:17 PM   #94
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Just a schooch over 20%--but it was more like 15% when we bought 3 years ago. It's gone up about 40% in value in 3 years, which seems crazy.
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Old 04-06-2018, 06:23 AM   #95
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I'll have to go through all the responses at a later date. One thing I know for sure is compromises have to be made (as for most things in real life), because some of our wants contradict some of our other other wants or maybe contradict the reality faced by us.
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Old 04-06-2018, 06:39 AM   #96
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Weíre relocation home shopping (again) and everywhere we want to live is too expensive and everywhere I think homes are reasonable doesnít fit our wants and needs. So Iím faced with ponying up quite a bit more for our retirement dream house. This has come up in/directly in several threads lately, but I canít find the last poll on the subject.

Yes I know it all comes down to supporting spending based on our new net worth after a $200K hit, but just wondering whatís typical.

Iím probably being a cheapskate (coupled with fear of buying in a somewhat appreciated market), and DW is being reasonable, but whatever you do - donít tell her.

For the poll, please use
  • Numerator: $ Value of your 1 primary residence (2 homes if youíre a snowbird), but donít include income properties.
  • Denominator: Your $ net worth without primary residence, but please include income/investment properties.
  • If youíre still working, paying a mortgage - use full value of your home and projected net worth both at retirement. If thatís too far off to project (if youíre younger), please donít vote?
One tip about retirement shopping is don't over buy size wise.

Make sure you consider if you can take care of the house when you aren't feeling well. ex. Those classic 2BR Florida retirement houses with about 1000 SqFt, versus the new retirement palaces that are pushing 3000 SqFt. Would you be able to clean/maintain 3000 SqFt if you had a knee replacement, for example?

When you're flush with cash at 62, 3000 SqFt looks great, later, not so much.
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Old 04-06-2018, 07:42 AM   #97
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primary home is an income property.. so 0%?

it's probably about 5% if that.
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Old 04-06-2018, 07:51 AM   #98
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Just a schooch over 20%--but it was more like 15% when we bought 3 years ago. It's gone up about 40% in value in 3 years, which seems crazy.
+1

Almost exact same numbers, and in the exact same number of years.

Glad to see someone else is also living in a bubble area too...
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Old 04-07-2018, 10:03 AM   #99
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~8% for me. But for my parents who are die hard LBYM types itís around 30% since their neighborhood keeps appreciating. Not sure this metric should matter that much...I think what matters more is the expected SWR after the move.
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Old 04-07-2018, 05:17 PM   #100
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Wandering afield, per normal. So in the ongoing search of odd but somewhat attractive places I found this. Have to wonder - is the inhabitant used to prison cells? Plans to lock
people up in behind the interior commercial steel doors with deadbolts? Maybe they are of the werewolf persuasion and lock themselves in.. No interior light? Whats that about?

Check pictures 17 and 33. Yummy!

https://www.zillow.com/homes/for_sal...81_rect/10_zm/
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