[Main General Bulletin Board | BBFAQ | Prev by Date | Post Followup ] Member Login / Signup - Members see fewer ads. - Latest Member Gallery Photos Re: Not very hard to do Like This Post: - Subscribe to Daily Digest for this Bulletin Board Posted by Rod [Email] (#3128) [Profile/Gallery] (more from Rod) on Thu, 27 Oct 2005 20:22:23 In Reply to: Not very hard to do, pokeyjoe [Profile/Gallery] , Thu, 27 Oct 2005 15:04:01 Alert me when someone posts in this thread: Members do not see ads below this line. - Help Keep This Site Online - Signup

" Your retirement income is generated when you sell your expensive house and move someplace where its not expensive. I've lived in my house three years and have gained $300K in equity. Kinda hard to beat that kind of retirement plan."

...that's Ok if you've been living there for a few years, I guess. But if I moved there now, to buy the same house as you I'd have to take out a mortgage $300k bigger than what you have - that's an extra $2,000+ every month! That kind of appreciation is just not sustainable when you think of it like that. On the other hand, the demand for housing is going to continue to go up so I don't foresee any huge crash - maybe just a flattening or more moderate growth in the future.

The $300k may just be a paper gain, but if you are moving there from an area where house prices have been stable (the midwest) it's not just paper - it's real serious money. I appreciate that you just have to decide that it's either worth it to live somewhere like that or not .

Rod

• OT: Question for Californians - How do you do it?, Rod , Thu, 27 Oct 2005 09:02:26
  • Days like today, Monday...., Mike Lynch , Mon, 31 Oct 2005 11:46:54
  • My experience, Peter , Sun, 30 Oct 2005 19:25:15
  • Good thread - just got back five hours ago..., SaabSpeed, Sat, 29 Oct 2005 13:57:33
  • answer- How do you do it?, Railhead , Sat, 29 Oct 2005 00:25:19
  • Re: OT: Question for Californians - How do you do it?, GM, Fri, 28 Oct 2005 12:51:46
  • Not necessarily true about making more $, Jeff J, Fri, 28 Oct 2005 08:18:52
  • This is a great thread! I go to CA 2 or 3 times a year, Noel, Fri, 28 Oct 2005 07:03:35
  • some cant, but the weather does help a lot...., baggsly , Thu, 27 Oct 2005 22:58:03
  • Re: OT: Question for Californians - How do you do it?, Ben, Thu, 27 Oct 2005 17:22:55
  • Wondering myself, LCY64, Thu, 27 Oct 2005 15:13:40
  • Not very hard to do, pokeyjoe , Thu, 27 Oct 2005 15:04:01
    • Re: Not very hard to do, Rod , Thu, 27 Oct 2005 20:22:23 <-- Viewing This Message
    • $300K gain. That's only on paper though., SWEDECAR , Thu, 27 Oct 2005 18:23:02
  • Re: OT: Question for Californians - How do you do it?, Jason Carpenter, Thu, 27 Oct 2005 13:08:00
  • It's all relative...., Mike Lynch , Thu, 27 Oct 2005 12:16:37
    • I was real close to Oceanside..., Rod , Thu, 27 Oct 2005 14:30:32
      • Temecula Wineries..., Mike Lynch , Thu, 27 Oct 2005 14:58:17
        • Temecula to LA in 1 hour? Mike your boost gauge is red, JBack, Thu, 27 Oct 2005 15:24:46
      • I've driven from Oceanside to San Francisco..., Scott Paterson , Thu, 27 Oct 2005 14:39:58
        • Some spectacular parts....., Mike Lynch , Thu, 27 Oct 2005 15:01:43
  • Well, I don't (currently) but will..., PGAero , Thu, 27 Oct 2005 12:03:28
    • the Yuba river?, Railhead , Sat, 29 Oct 2005 00:45:46
      • Yup., PGAero , Mon, 31 Oct 2005 07:20:17
  • How??? The sun is shining. That's it., SWEDECAR , Thu, 27 Oct 2005 11:16:58
  • Re: OT: Question for Californians - How do you do it?,, Caarma , Thu, 27 Oct 2005 10:15:32
  • Re: OT: Question for Californians - How do you do it?, Rick D, Thu, 27 Oct 2005 09:38:38
  • you have some if it right on..., Scott Paterson , Thu, 27 Oct 2005 09:18:47
  • Re: OT: Question for Californians - How do you do it?, Randy Thatcher , Thu, 27 Oct 2005 09:13:48
    • I'm with you Randy... not one either..., Scott Paterson , Thu, 27 Oct 2005 09:20:30

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