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> it isn't that expensive though. ~500,000 euros. Any homeowner in the bay area could do it. I'm not sure whether to roll my eyes at over half a million dollar
by jsmthrowaway 10y ago
> it isn't that expensive though. ~500,000 euros. Any homeowner in the bay area could do it.
I'm not sure whether to roll my eyes at over half a million dollars being "not that expensive" or the assertion that any Bay Area homeowner has that much liquidity to just toss at a Maltese passport. Unless you're suggesting selling the house to do it.
- cloudjacker 10y agohome equity line of credit the primary distinction I was hoping to make was that you didn't need to be an international spy or an oil baron to achieve the levels of wealth necessary to get these things.
- jsmthrowaway 10y agoEr, you should revisit what having that much spending power, even via a HELOC, would place one in terms of percentile. Your oil baron suddenly isn't far off since that graph is somewhat exponential. Most area homeowners I know are driving Civics or Jettas and worrying about property tax assessments, so. The comment was just silly in terms of perspective and was silly to come across in a thread that already discussed privilege (for lack of a better word, I know it's loaded). A HELOC is a monumentally terrible idea for the situation, by the way.
- cloudjacker 10y agoOk. The bay area comment wasn't the only inflammatory hyberbole I wrote so I will gladly concede that I wrote something incongruent with all perspectives. Alright?
- justinlardinois 10y agoEven then, you have to contend with American taxes and USD-to-Euro conversion fees. The idea that 500,000 Euros is inexpensive for anyone who's less than a multimillionaire is ridiculous.
- cloudjacker 10y agoThere aren't many fees for a usd to euro conversions at those amounts. One wire transfer for $50 and a point zero of a percent spread if that.