Posted on 02/12/2020 9:15:01 AM PST by SeekAndFind
Slumlord. Got it.
I’ve always wanted to be a slumlord. I’d settle for landlord. My tenants would call me, “Oh lord, might thou fix my toilet?” What power!
RE: Some moron democrat here in KC said you can’t live in Naples Florida unless you have $15M to “play” with.
Anyone can throw any number around as long as nobody fact checks him ( which the press don’t as long as he’s a Democrat ).
The Median household income of a Naples, Florida resident is $80,571 a year. SEE HERE:
https://www.bestplaces.net/economy/city/florida/naples
For the folks that don’t have hobbies, work keeps you alive.
Friend of mine retired at 52. The best advice he gives us is “do not retire”. He’s bored out of his mind and I’m of the opinion that he wouldn’t last long without a job.
Last I heard, he was looking to work again even though he didn’t need to.
I’m in the club, barely. My assets are in savings. I live in the Bay Area and consider myself in the middle class. The best way to lose a million is to live like a millionaire.
Net worth.
“Slumlord. Got it.
Not hardly. We own a upscale apartment complex that is only 12 years old-with a swimming pool and workout facilities. We have a two year waiting list.
RE: I’m in the club, barely. My assets are in savings. I live in the Bay Area and consider myself in the middle class.
Well, there you go, no wonder you’re not feeling rich. BAY AREA !!, Where a hovel costs a million bucks!
“A million dollars ain’t what it used to be.”
Like the average Lotto winner who shoots their wad in the first year or two.
LOL Sure if you want a 10k sq ft house and a yacht that’s probably true but definitely not needed for a nice upper middle class lifestyle.
RE: Same here
1) Do you FULLY OWN the real estate assets, or do you still owe money to the banks or lending company?
2) How much do you have to pay on maintenance and property taxes on your real estate? Are they stable or going up above inflation?
3) Are your tenants reliable and trustworthy?
4) How are property prices trending in your area?
Your answers to the above question will tell us why you feel broke or confident about your finances.
The Great Recession did a number on my finances....but fortunately I want to work until I drop dead. I enjoy working. I hate not working....and I’ve got a few decades to go until I would reach retirement age anyway.
Well, there you go, no wonder you’re not feeling rich. BAY AREA !!, Where a hovel costs a million bucks!”
Yes! We are moving soon. We sold our house, banked the money, and now planning to move out of state.
My wife and I have flipped houses and I keep trying to get her to do some section 8 projects. Rent guaranteed by our rich uncle! It’s a lot of work, though.
“I keep trying to get her to do some section 8 projects”
I would never do section 8. Not worth the hassle, dealing with rumdums and gov’t paperwork. A client did it and said it was the worst thing he ever did.
If you are 65 and in good health, and don’t have a million dollars in semi-liquid funds (savings, stocks, retirement, 401K, etc.), then you need to keep working.
RE: We are moving soon. We sold our house, banked the money, and now planning to move out of state.
Bless you! Great Minds in the Golden State are thinking the same! The trend is not stopping.
I have the DVDS and it’s still a favorite series.
Episodes with Angel were among the best ones.
Oh, and what “millionaire” used to connote is a billionaire now.
I’ll trade bank accounts with them.
I’ve not heard good things about section 8 housing. I’ve got 4 rentals and sold 2 in the last couple years and only deal with good credit people at a slight discount to market. Makes life a lot easier IMO.
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