Is it possible to buy a 2k sf house with 1/4 acre for 500-600k anywhere in Hawaii?

[hotzcatz]

5% on 250,000 is $12,500 isn't it? That would be $500 for taxes and $1K per month income. That's not quite enough to live on, but it would sure help. At that point, the OP would be able to have a part time job to make ends meet instead of a full time requirement. If there is Social Security or a pension of any type, then the OP may be able to live comfortably. It's all different for all people, but looking at different options when making life changes is always good.

[72andsunny]

Originally Posted by hotzcatz

5% on 250,000 is $12,500 isn't it? That would be $500 for taxes and $1K per month income.

If you can show me anyone paying 5% interest...well, I'd retire today.

[whtviper1]

Originally Posted by 72andsunny

If you can show me anyone paying 5% interest...well, I'd retire today.

It is almost hard to not make at least 5% interest.....

My Fidelity Bond fund, FAGIX has paid over 7% Year to date in interest.

For the past 10 years, it averages a 9.83% annual return in interest.

[72andsunny]

Originally Posted by whtviper1

It is almost hard to not make at least 5% interest.....

My Fidelity Bond fund, FAGIX has paid over 7% Year to date in interest.

For the past 10 years, it averages a 9.83% annual return in interest.

Except if you had to sell in 2008, half your principle would have been gone...

[whtviper1]

Originally Posted by 72andsunny

Except if you had to sell in 2008, half your principle would have been gone...

Except I didn't and it isn't 2008

[MauiPartTimer]

If you're already in a bond fund, that's great. Investing in one now is dicey given how rates are historically low and expected to go up as the Fed takes its foot off the gas pedal. When that happens, the value of bonds drops and the principal takes a hit.

[hotzcatz]

Try Hawaiian Electric (HE). Utilities are more stable than bonds. You can only invest up to $250K per year, though, I think.