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Assuming you bought a whole back and have $1m equity, You could sell your $1.15m house and take 4% a year or $40k from that for doing nothing. You just need to
by midasuni 3y ago
Assuming you bought a whole back and have $1m equity, You could sell your $1.15m house and take 4% a year or $40k from that for doing nothing. You just need to live in a sensible location and let SF die.
- ipaddr 3y agoWho is giving you 4%? Subtract taxes and you've traded a nice city for a life of poverty because chances are finding a new job at a similiar salary is almost impossible. Looks easy from the outside but rarely is
- singleshot_ 3y agoI think he's saying you could withdraw 4% of your principal every year, which would be a great idea if you are planning on being deceased in 25 years.
- seanmcdirmid 3y ago> You just need to live in a sensible location and let SF die. Please let SF die so I can buy some affordable real estate there. Thanks! Seriously though. SF’s problem is that it is too crowded. If people left, then it would be less crowded, an equilibrium would be reached eventually (if you believe we aren’t at one already).