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an
ParticipantHow much money will I have? If I have a billion $, then I’m getting myself a little motu in Bora bora. If I’m broke, then Canada/Sweden/or anywhere that have free universal healthcare.
Participant[quote=Doooh][quote=AN][quote=CA renter]
Yes, you might think that 10X assets would let you retire, but when the Fed is destroying your purchasing power they way they are today, you’ll see how tenuous that feeling of security is. IMHO, this currency debasement is one of the most frightening aspects of our economy today.[/quote]
My requirement of retirement is to be able to live off the interest. So, as long as the currency debasement pair up w/ safe investments yielding at the rate of inflation, then I think I should be OK. Especially with a house and car paid off. The rest of the expenses are chump change.[/quote]What would living off the interest look like if the house and cars were paid off?
$25k a year, $60k, $75K?[/quote]
Assuming inflation will increase everything by 300% in 20 years, all I need is ~60k to live comfortably and do some traveling. $100k and I’ll be living lavishly.Participant[quote=Doooh][quote=AN][quote=CA renter]
Yes, you might think that 10X assets would let you retire, but when the Fed is destroying your purchasing power they way they are today, you’ll see how tenuous that feeling of security is. IMHO, this currency debasement is one of the most frightening aspects of our economy today.[/quote]
My requirement of retirement is to be able to live off the interest. So, as long as the currency debasement pair up w/ safe investments yielding at the rate of inflation, then I think I should be OK. Especially with a house and car paid off. The rest of the expenses are chump change.[/quote]What would living off the interest look like if the house and cars were paid off?
$25k a year, $60k, $75K?[/quote]
Assuming inflation will increase everything by 300% in 20 years, all I need is ~60k to live comfortably and do some traveling. $100k and I’ll be living lavishly.Participant[quote=Doooh][quote=AN][quote=CA renter]
Yes, you might think that 10X assets would let you retire, but when the Fed is destroying your purchasing power they way they are today, you’ll see how tenuous that feeling of security is. IMHO, this currency debasement is one of the most frightening aspects of our economy today.[/quote]
My requirement of retirement is to be able to live off the interest. So, as long as the currency debasement pair up w/ safe investments yielding at the rate of inflation, then I think I should be OK. Especially with a house and car paid off. The rest of the expenses are chump change.[/quote]What would living off the interest look like if the house and cars were paid off?
$25k a year, $60k, $75K?[/quote]
Assuming inflation will increase everything by 300% in 20 years, all I need is ~60k to live comfortably and do some traveling. $100k and I’ll be living lavishly.Participant[quote=Doooh][quote=AN][quote=CA renter]
Yes, you might think that 10X assets would let you retire, but when the Fed is destroying your purchasing power they way they are today, you’ll see how tenuous that feeling of security is. IMHO, this currency debasement is one of the most frightening aspects of our economy today.[/quote]
My requirement of retirement is to be able to live off the interest. So, as long as the currency debasement pair up w/ safe investments yielding at the rate of inflation, then I think I should be OK. Especially with a house and car paid off. The rest of the expenses are chump change.[/quote]What would living off the interest look like if the house and cars were paid off?
$25k a year, $60k, $75K?[/quote]
Assuming inflation will increase everything by 300% in 20 years, all I need is ~60k to live comfortably and do some traveling. $100k and I’ll be living lavishly.Participant[quote=Doooh][quote=AN][quote=CA renter]
Yes, you might think that 10X assets would let you retire, but when the Fed is destroying your purchasing power they way they are today, you’ll see how tenuous that feeling of security is. IMHO, this currency debasement is one of the most frightening aspects of our economy today.[/quote]
My requirement of retirement is to be able to live off the interest. So, as long as the currency debasement pair up w/ safe investments yielding at the rate of inflation, then I think I should be OK. Especially with a house and car paid off. The rest of the expenses are chump change.[/quote]What would living off the interest look like if the house and cars were paid off?
$25k a year, $60k, $75K?[/quote]
Assuming inflation will increase everything by 300% in 20 years, all I need is ~60k to live comfortably and do some traveling. $100k and I’ll be living lavishly.February 8, 2011 at 4:40 PM in reply to: spin off – when is it a remodel, when is it a custom home #663844ParticipantI agree with Brian that the line between a tract house and a custom house is blurred. To me, a custom house is built w/ good quality, fit and finish from day one while a tract house is build w/ minimum quality to get the highest profit for the builder. At the end of the day, a house is just a bunch of sticks, drywall, roof and interior pieces. If someone customize (remodel) a house, then to me, it’s custom. Especially if those remodel bring the quality/fit and finish of a tract house ABOVE a custom home or if the layout of the new house is different than any other house in the development.
To bring in BG’s point from the other thread about what the city consider a remodel vs a rebuild, is there an designation about a house in the eyes of the city whether it’s a custom home or a tract home? If the house got burnt down and rebuilt with the exact same layout as the original house, would that be a custom home? If someone buy a tear down tract home, buy a plan that was used in a different tract and build it on their own lot, is that a custom home? K-Hovnanian have a program of build on your own lot. If a big builder build a house on your lot using one of the many floor plan they have in the portfolio, would that be a custom home?
February 8, 2011 at 4:40 PM in reply to: spin off – when is it a remodel, when is it a custom home #663906ParticipantI agree with Brian that the line between a tract house and a custom house is blurred. To me, a custom house is built w/ good quality, fit and finish from day one while a tract house is build w/ minimum quality to get the highest profit for the builder. At the end of the day, a house is just a bunch of sticks, drywall, roof and interior pieces. If someone customize (remodel) a house, then to me, it’s custom. Especially if those remodel bring the quality/fit and finish of a tract house ABOVE a custom home or if the layout of the new house is different than any other house in the development.
To bring in BG’s point from the other thread about what the city consider a remodel vs a rebuild, is there an designation about a house in the eyes of the city whether it’s a custom home or a tract home? If the house got burnt down and rebuilt with the exact same layout as the original house, would that be a custom home? If someone buy a tear down tract home, buy a plan that was used in a different tract and build it on their own lot, is that a custom home? K-Hovnanian have a program of build on your own lot. If a big builder build a house on your lot using one of the many floor plan they have in the portfolio, would that be a custom home?
February 8, 2011 at 4:40 PM in reply to: spin off – when is it a remodel, when is it a custom home #664512ParticipantI agree with Brian that the line between a tract house and a custom house is blurred. To me, a custom house is built w/ good quality, fit and finish from day one while a tract house is build w/ minimum quality to get the highest profit for the builder. At the end of the day, a house is just a bunch of sticks, drywall, roof and interior pieces. If someone customize (remodel) a house, then to me, it’s custom. Especially if those remodel bring the quality/fit and finish of a tract house ABOVE a custom home or if the layout of the new house is different than any other house in the development.
To bring in BG’s point from the other thread about what the city consider a remodel vs a rebuild, is there an designation about a house in the eyes of the city whether it’s a custom home or a tract home? If the house got burnt down and rebuilt with the exact same layout as the original house, would that be a custom home? If someone buy a tear down tract home, buy a plan that was used in a different tract and build it on their own lot, is that a custom home? K-Hovnanian have a program of build on your own lot. If a big builder build a house on your lot using one of the many floor plan they have in the portfolio, would that be a custom home?
February 8, 2011 at 4:40 PM in reply to: spin off – when is it a remodel, when is it a custom home #664650ParticipantI agree with Brian that the line between a tract house and a custom house is blurred. To me, a custom house is built w/ good quality, fit and finish from day one while a tract house is build w/ minimum quality to get the highest profit for the builder. At the end of the day, a house is just a bunch of sticks, drywall, roof and interior pieces. If someone customize (remodel) a house, then to me, it’s custom. Especially if those remodel bring the quality/fit and finish of a tract house ABOVE a custom home or if the layout of the new house is different than any other house in the development.
To bring in BG’s point from the other thread about what the city consider a remodel vs a rebuild, is there an designation about a house in the eyes of the city whether it’s a custom home or a tract home? If the house got burnt down and rebuilt with the exact same layout as the original house, would that be a custom home? If someone buy a tear down tract home, buy a plan that was used in a different tract and build it on their own lot, is that a custom home? K-Hovnanian have a program of build on your own lot. If a big builder build a house on your lot using one of the many floor plan they have in the portfolio, would that be a custom home?
February 8, 2011 at 4:40 PM in reply to: spin off – when is it a remodel, when is it a custom home #664987ParticipantI agree with Brian that the line between a tract house and a custom house is blurred. To me, a custom house is built w/ good quality, fit and finish from day one while a tract house is build w/ minimum quality to get the highest profit for the builder. At the end of the day, a house is just a bunch of sticks, drywall, roof and interior pieces. If someone customize (remodel) a house, then to me, it’s custom. Especially if those remodel bring the quality/fit and finish of a tract house ABOVE a custom home or if the layout of the new house is different than any other house in the development.
To bring in BG’s point from the other thread about what the city consider a remodel vs a rebuild, is there an designation about a house in the eyes of the city whether it’s a custom home or a tract home? If the house got burnt down and rebuilt with the exact same layout as the original house, would that be a custom home? If someone buy a tear down tract home, buy a plan that was used in a different tract and build it on their own lot, is that a custom home? K-Hovnanian have a program of build on your own lot. If a big builder build a house on your lot using one of the many floor plan they have in the portfolio, would that be a custom home?
Participant[quote=bearishgurl]
AN, Mira Mesa is not a good choice for a teardown/custom rebuild because the fundamentals are not in place there to make it worth your while. Correct me if I’m wrong, but I believe MM to be entirely on tract.[/quote]
How much of a house have to be replaced before a house is no longer a tract home? I.E. If one increase the foot print of the house, or add a second story, or move around walls to a point where the layout is nothing like any other house on the tract. Would these be considered custom in your eyes?MM might not be a good teardown custom rebuild candidate for people who are looking to buy and teardown right now. However, I see quite a few major remodel (increase foot print or 2nd story addition) done by people who bought 30-35 years ago. Those people have it paid off. It’s much cheaper to remodel the house to the way they like it vs trying to find another place that fit 100% of what they need/want.
Yes, MM is 99.9% tract. There are a few complete rebuilt due to fire or what not. There are a few that had major remodel. I consider that custom but you might not. There are houses that basically double their original sq-ft by increasing the footprint and 2nd story addition.
Participant[quote=bearishgurl]
AN, Mira Mesa is not a good choice for a teardown/custom rebuild because the fundamentals are not in place there to make it worth your while. Correct me if I’m wrong, but I believe MM to be entirely on tract.[/quote]
How much of a house have to be replaced before a house is no longer a tract home? I.E. If one increase the foot print of the house, or add a second story, or move around walls to a point where the layout is nothing like any other house on the tract. Would these be considered custom in your eyes?MM might not be a good teardown custom rebuild candidate for people who are looking to buy and teardown right now. However, I see quite a few major remodel (increase foot print or 2nd story addition) done by people who bought 30-35 years ago. Those people have it paid off. It’s much cheaper to remodel the house to the way they like it vs trying to find another place that fit 100% of what they need/want.
Yes, MM is 99.9% tract. There are a few complete rebuilt due to fire or what not. There are a few that had major remodel. I consider that custom but you might not. There are houses that basically double their original sq-ft by increasing the footprint and 2nd story addition.
Participant[quote=bearishgurl]
AN, Mira Mesa is not a good choice for a teardown/custom rebuild because the fundamentals are not in place there to make it worth your while. Correct me if I’m wrong, but I believe MM to be entirely on tract.[/quote]
How much of a house have to be replaced before a house is no longer a tract home? I.E. If one increase the foot print of the house, or add a second story, or move around walls to a point where the layout is nothing like any other house on the tract. Would these be considered custom in your eyes?MM might not be a good teardown custom rebuild candidate for people who are looking to buy and teardown right now. However, I see quite a few major remodel (increase foot print or 2nd story addition) done by people who bought 30-35 years ago. Those people have it paid off. It’s much cheaper to remodel the house to the way they like it vs trying to find another place that fit 100% of what they need/want.
Yes, MM is 99.9% tract. There are a few complete rebuilt due to fire or what not. There are a few that had major remodel. I consider that custom but you might not. There are houses that basically double their original sq-ft by increasing the footprint and 2nd story addition.
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