Hi guys, it’s been a long time since I posted here. To make a long story short, I am seeking some advice from real estates gurus here.
Family of 4. I am in my mid-40s now, net worth is about $30M or so. Because of my investment and stock options, I should reach about $60-$70M in 5 yrs or so. By then, I intend to buy a dream house (~$10M). My question is: I think I will quit my job by then and plan for early retirement, so it matters if I should stay in SD or move to a lower-cost state. Thoughts?
I think I can afford to live in SD. However, the housing price is getting so ridiculously high that I feel like I am getting so much more outside of CA. Also, I worry about CA state tax and business tax which makes it even more appealing to leave CA.
Sorry, I am rambling. I suppose I want to hear what you think if you were in my shoes. Should we stay or should we leave CA?
At that kind of net worth, you can afford to live anywhere. So the first question you have to ask yourself is, if money isn’t an issue, where would you want to live. If I have that kind of net worth, I would stay in San Diego. You can’t buy weather and you can’t build view. You might be able to get a bigger house somewhere else, but at $10M, you can get a pretty big house in La Jolla Farms with an ocean view. So, is a 10-15k sq-ft house more important to you or a 7k sq-ft house on an acre in La Jolla Farms enough?
[quote=Hobie]At least we are in the same peer group. First world problems. I feel ya.[/quote]
Well damn Hobie…. You know, I was considering a Louis Vuitton ONTHEGO handbag to carry my macbook pro. But gosh darnit ever since Cardi B started to commercialize LV on instagram, it’s considerably watered down the brand image..
I’m thinking I should get a Hermes Birkin 20 Sellier Faubourg. I think it would be a good investment for my MacBook Pro and would hold value and my MacBook just swell. Thoughts?
to be fair, my net worth is a few million, and I feel broke all the time.
We went to a wedding and they served way too much meat. I dont eat meat but there was no selection so i had all this meat I couldnt eat.
I took a to go box and tried to feed this meat to my kids later. the kids didnt want the meat, the yw ere like, why do you have this extra meat.
it was nice meat, that’s why. really nice meat. why wouldnt they eat that nice meat. they kept calling it my “meat box”. why do you have a meat box? i ended up irritated and threw away the meat box. I was like, fine, no ones getting any more meat boxes out of me, fucking ingrates. im not saving any meat. the hell with it.
really i was thinking, save a few bucks on nother meal, they could have nice meat. why waste this meat?
why so cheap? I was thinking maybe it had to do with the jews emigrating from russia 100 years ago. the jews who scrimped and saved made it, had enough for safe passage on some crappy ship to america. the profligate jews? the jews who didnt save a meat box? THEY’RE DEAD! DEAD and buried, killed by cossacks or nazis or who knows what.
that’s why I have a goddamn meat box, i think. if I had 30 million, id still be carrying a damn meat box.
my wife read out loud to me an article in THE SUN about Terror Managment Theory from some rebel psychologists. They hypothesize that virtually everything we do is in response to death anxiety.
“Terror management theory claims that humans are aware of our inevitable death, and to manage our anxiety and intense fear around this consciousness, we invest in creating cultures, belief systems, values, and worldviews which shape a reality for us that make us feel protected from this terror.”
exh. A: the meat box.
i immediately embraced this theory as the overarching unified theory of everything human, from hoarding, to trump, to money, religion, art, fashion. no more need to wonder why anyone does anything anymore. it’s all about managing death terror
