(03-04-2020, 12:53 PM)D_Eclipse9916 Wrote: Agreed on all points.
However “real estate investment” of personal property does not give you anything into retirement as you have to live SOMEWHERE and also doesn’t give you a return every month in cash. Seattle is a bubble, expecting big gains is like expecting 10% returns the next 20 years
Many ways to skin a cat! I personally enjoy it and have a good resource. You may have 180 of an experience.
We've talked about this before and we still disagree. I do not plan to own a home in retirement and I certainly don't plan on doing it in a high cost of living area. Even if I had to reinvest a portion or spend it on rent, I'm not reinvesting all equity into my primary residence. I'm cashing out, making money on that money, and paying rent or buying much cheaper. Remember, your lifestyle is to grow roots. Mine is not.
We're also gonna have to disagree about Seattle being a bubble. All economic indicators, including job growth and capital investment, suggest Seattle is as much of a bubble as San Francisco. The crazy growth is over, but I don't believe there's gonna be a pop and large loss in property values unless it happens nationally. I'm not saying it can't go down, as it likely will (like the stock market), but these cities are more insulated than most in America.
https://www.geekwire.com/2020/seattle-te...ry-sector/
Tech salaries in Seattle are far outpacing the income of financial workers in New York, an industry that has long been associated with generous paychecks and luxury lifestyles. Seattle tech workers are earning 56 percent more than the average financial worker in New York City, a trend first spotted by Bloomberg.
The Seattle tech industry has experienced explosive growth over the past decade, led by giants such as Amazon and Microsoft and buoyed by startups and mid-sized companies. In addition to home-grown businesses, more than 130 out-of-town tech companies have opened Seattle engineering outposts to mine the region’s talent.
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"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth
"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth