tcu2003
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Post by tcu2003 on Jul 28, 2017 8:49:55 GMT -5
Ours is about 30% of our NW, but that number should continue to decrease as we keep adding to our 401k accounts each year.
Our largest expense is daycare, followed by property taxes.
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thyme4change
Community Leader
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Post by thyme4change on Jul 28, 2017 9:15:48 GMT -5
If you are doing things right, and have chosen to buy a home, th amount of net worth you have in your home will fluctuate, but should stay down below that 25% range (or whatever.) If you are young and scrape up some money to buy a house, you probably don't have much equity, but you probably don't have many other financial assets either. As you pay down that mortgage, you should also be investing, so even though you have more equity, your whole net worth should be larger. When someone has 80% of their net worth in their home - trouble.
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Bonny
Junior Associate
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Location: No Place Like Home!
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Post by Bonny on Jul 28, 2017 10:31:39 GMT -5
About 25%. I had hoped to keep it around 20% but the value has more than doubled in the five years since we returned home even more than our investible assets. Don't want to come across as a brag-complainer because what I really feel is a kind of anxiety; this kind of run up is stupid-fast and unsustainable. We can handle a correction of course but I hate the pain some people are going to go through when it happens.
Biggest monthly expense is the monthly heathcare premiums. As I've posted before, they would become the new mortgage payment for us in retirement. About $1250/mth for the two us. That's about what our old mortgage payment was before we paid it off in 2010.
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saveinla
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Post by saveinla on Jul 28, 2017 10:52:57 GMT -5
About 25%. I had hoped to keep it around 20% but the value has more than doubled in the five years since we returned home even more than our investible assets. Don't want to come across as a brag-complainer because what I really feel is a kind of anxiety; this kind of run up is stupid-fast and unsustainable. We can handle a correction of course but I hate the pain some people are going to go through when it happens.
Biggest monthly expense is the monthly heathcare premiums. As I've posted before, they would become the new mortgage payment for us in retirement. About $1250/mth for the two us. That's about what our old mortgage payment was before we paid it off in 2010. I agree about the run up. It's scary when I check Zillow - according to them my condo has appreciated 87K in less than a year and every day the estimate seems to go up. One of my neighbors who bought last year is trying to sell for 100K more that what they paid.
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resolution
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Post by resolution on Jul 28, 2017 13:09:36 GMT -5
I think it's pretty localized rather than everywhere in the country. In the last 8 years my rental has gone up by about 250% and my residence has gone up by about 20%. They started with roughly the same value.
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TheHaitian
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Post by TheHaitian on Jul 28, 2017 13:23:38 GMT -5
I think it's pretty localized rather than everywhere in the country. In the last 8 years my rental has gone up by about 250% and my residence has gone up by about 20%. They started with roughly the same value. I agree... My parents home in Northern NJ while the value has increased since the crash of 2008, it has not gone stupid crazy. DC is starting to go stupid crazy which is making people believe we are about to reach the top while others think it has way to go. My row home I purchased for 550k last year is valued at 602k, I just need it to keep it up till next August so I can get ride of PMI and save ~$438 month. La la land (parts of CA as some mentioned) is just freaking crazy per some friends. There and Seattle... it seems you blink and the value of a house goes up by 10k and people are fighting to buy it! Our current home is not our forever home and we have a long way to go till retirement (30 years for me, never for my wife) depending on if we go for kids #2 or not.
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svwashout
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Joined: May 22, 2011 12:41:13 GMT -5
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Post by svwashout on Jul 28, 2017 15:19:08 GMT -5
I rent so 0%. If the place I'm living converts to condos I could probably own it for less than 5% of what's left after buying it for cash. It needs some remodeling but the location is excellent. I don't agree with (A) but for many people this may be true. All depends on their attitude towards stocks and the zip code where they live.
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djAdvocate
Member Emeritus
only posting when the mood strikes me.
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Post by djAdvocate on Jul 29, 2017 20:02:39 GMT -5
10%
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Rukh O'Rorke
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Post by Rukh O'Rorke on Jul 30, 2017 9:28:40 GMT -5
I haven't even looked in a while.....is the stock market up or down?
Trying to figure out if I want to look....
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djAdvocate
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only posting when the mood strikes me.
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Post by djAdvocate on Jul 30, 2017 10:53:47 GMT -5
stocks are up about 9%, if you are looking at the DJIA. quite good for a six month return.
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