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Posts by v0rtex

Quote: Originally Posted by TheDarkKnight But one month is just the average - if you go several months, you need that $2000 a month of your own cash. I don't know many people with $2000 per month of truly disposable income! I plan on maintaining an emergency fund which would cover 3-6 months of vacancy. I already have such a fund that covers that duration of my personal expenses so I'm confident I can be responsible enough to maintain a...
Quote: Originally Posted by gdl203 Did you type this post in October 2007 ? No, then I'd be using numbers like "I can put down $500 and pay only the interest, then flip it a month later, do that 10 times and make $1m" 6% is a historical average over the latter half of the 20th Century. Past patterns don't predict the future, which is why I also showed figures assuming 0 appreciation. In my area, $200k is a nice middle class house in good...
Quote: Originally Posted by otc How does owning some rental property put you into the 1m range? You gotta first have/earn a million to buy a million in property (since you won't have time for it to appreciate so much). Not necessarily, real estate benefits greatly from leverage. Not many other investments where you can borrow 80%+ of the capital... My plan is to purchase property 20% down on 15-year mortgages and have the rental payments...
Quote: Originally Posted by Pennglock In the category of scenes I wish I could "unsee," there are a couple in the movie Irreversible. There's a difference between powerful/moving and shocking, though. All those shock-horror movies are disturbing at the time but don't really affect the way one lives life. Thought of a few more: Ikiru - slow-paced Japanese film from the 50s, about living a meaningful life. "It's a Wonderful Life" without...
No-one turns up to "upper-middle class narcissist club" in real life, they all think they're too good for it... Seriously, the trouble is that successful, intelligent people usually have a lot to do besides posting on the Internet. There's topic-specific forums where you can learn from experts about a very specific thing, and there's generalist forums which tend to be populated by people with nothing better to do than spend time online. SF occupies a happy middle...
Would be interesting to see some actual projections and outlines of people's plans to get there and not just wishful thinking/random guesses I'd like to be there by 35. I have somewhat of a plan involving rental property that would put my net worth at $1m+ by that time, or at least well on the way to it. Concentrating on buying a home to live in first, though. Millionaire/wealth to me = net worth. Liquid wealth is either being wasted doing nothing (not working for...
"Mugabe and the White African" was incredibly moving; hidden camera documentary about a Zimbabwean farming family trying to protect their farmland from seizure by the Mugabe government.
Quote: Originally Posted by iammatt Potrero is relatively nice now. I stayed in Potrero Hill recently (private house rental, was there on business). Seemed pleasant. There were some shady areas as you walked down the hill but it seemed like a decent neighborhood. Regarding the original question, everyone's going to have a different answer depending on where they live, what their goals are, etc. The most comfortable people I know are some...
Quote: Originally Posted by scurvyfreedman If each generation were actually lazier than GDP (held constant for inflation) would go down instead of up, but it grows geometrically not even linearly. That's assuming that human productivity is the only factor affecting GDP; the population is rising and automation has (and will continue to) increase.
Quote: Originally Posted by The Mitchelli I was an Englishman in New York for sometime - working at an investment bank and compared to most - I found the Americans some of the hardest working people I have ever met... Another English transplant here... realized a big part of the reason Americans like convenience and laziness so much is because they work ridiculous hours and get next to no holiday time. Last thing you want to do after a week of...
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