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Old 11-18-2018, 08:24 PM
Location: SoCal
12,979 posts, read 6,201,140 times
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Originally Posted by mathjak107 View Post
This discussion was not about selling a house though . It is about using investment real estate in retirement and the pros and cons
Somebody said itís not liquid, as if you need to sell it right away you canít.
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Old 11-19-2018, 03:33 AM
70,882 posts, read 71,245,628 times
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Originally Posted by leastprime View Post
Really...; It is a bubble of millionaires.
i remember back in the early 1980's i hit 100k . no one in my family ever had a 100k . it seemed like such a milestone . it was a great feeling and it seemed like it was so much money .

well today we have had market days where i go up and down about half that in one afternoon .

so the relevance of these numbers over time become less and less meaningful .

in fact if all we had was a million which can generate about 40k before taxes , we would have had to re-think about retiring when we did here in ny because it would not have been the retirement we wanted and the budget would have been strained and stressful . ..
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