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re: Are you in the 1% club?
Posted on 1/25/15 at 7:26 pm to VetteGuy
Posted on 1/25/15 at 7:26 pm to VetteGuy
quote:
If I have a mortgage free house worth 750, but no other savings, what do I really have?
You have to live somewhere.
You could (hopefully) cash out of the house if need be. I respect real estate as an investment much more than I do stocks, bonds, etc. Not saying that your house is the only thing you should be invested in. Commercial real estate makes a great place to park and grow your money IMO.
1
Posted on 1/25/15 at 7:38 pm to nolanola
I don't disagree, but I think a truer number for retirement purposes is something I call "liquid worth".
That is, what do I own that is making me money?
Commercial real estate, stocks that pay dividends, CDs, etc.
To realize the value of a house, you have to sell it. It will generally appreciate, but after you sell, you hve to find another place to live.
That is, what do I own that is making me money?
Commercial real estate, stocks that pay dividends, CDs, etc.
To realize the value of a house, you have to sell it. It will generally appreciate, but after you sell, you hve to find another place to live.
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