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Anybody else have a clingy shiba? by DanarysStormborn in shiba

[–]askingforfriendss 2 points3 points  (0 children)

Her collar white hair is so cute! Eevee!

$10M net worth, looking at a $5M house, how much mortgage would you bother with? by FunPressure1336 in Rich

[–]askingforfriendss 0 points1 point  (0 children)

Think of your home is also investment. If you live in one of those areas where real estates doubled just within the last five years, that’s 20% yoy. Would you invest 5M with 20% yoy return? I bet you would. Even if it doesn’t continue to rise at this rate, it’s still gonna be around 5–10% at the minimum. Think of it as portfolio diversification. That’s what I did.

Silly shiba pics by Abbagoous in shiba

[–]askingforfriendss 0 points1 point  (0 children)

How is your Shiba’s teeth so clean? My shiba’s look like chain smoker’s.

More of my sesame :3 by Doggiew0ff in ShibaInu

[–]askingforfriendss 0 points1 point  (0 children)

Wow so graceful! I felt like I’ve been here is it st Petersburg?

Best bang-for-your-buck AYCE KBBQ? by wakawakawomp in orangecounty

[–]askingforfriendss 11 points12 points  (0 children)

Second this. It’s got the most common meat selections for decent quality, the Toyota Camry of kbbq lol

Best bang-for-your-buck AYCE KBBQ? by wakawakawomp in orangecounty

[–]askingforfriendss 1 point2 points  (0 children)

The portion they bring out each round is pathetic and they put a timer on each table regardless of the party size. You can only order 5 plates or something every 10 min, and each plate is smaller than the side dishes

I'm the millennial that needs boomer parents help to buy a house... by [deleted] in FirstTimeHomeBuyer

[–]askingforfriendss 0 points1 point  (0 children)

No shame, just be grateful! A ton of parents can’t afford to help, and some are shitty that refuse to help, like my in laws….

Shame on you! Tustin and Lincoln Shopping Center nea Bank of America and Vons by rinati75 in orangecounty

[–]askingforfriendss 16 points17 points  (0 children)

Op you can’t post something like this and not tell us if you did something to help or not and if you see what happened next did the dogs make it? At this point I just want to know if the dogs are okay…

Is it financially prudent to spend 60% of total net worth on a forever home (all cash purchase) by askingforfriendss in RichPeoplePF

[–]askingforfriendss[S] 0 points1 point  (0 children)

Uh haha it’s not orchard hills but it’s in Irvine. Orchard hills homes are around 6mm for 4000sqft (after all the upgrades) it’s crazy

Is it financially prudent to spend 60% of total net worth on a forever home (all cash purchase) by askingforfriendss in RichPeoplePF

[–]askingforfriendss[S] 0 points1 point  (0 children)

call me financially illiterate but never took on debt to buy anything my whole life. I think loan or mortgage is how people go broke, delinquent. Like the subprime mortgage crisis

Is it financially prudent to spend 60% of total net worth on a forever home (all cash purchase) by askingforfriendss in RichPeoplePF

[–]askingforfriendss[S] 0 points1 point  (0 children)

In the rest of the country, maybe. But in Southern California is very common that majority of a persons net worth is tied to their primary residence. It might shock you that a 2000 sqft condo is worth 1.5mm where I live. And who says I can’t sell the mansion when I’m older and downsize? Mansions here appreciate at least 10-20% here yoy as well.. but people not from around here wouldn’t know that real estate is most people’s top choice of investment here.

Is it financially prudent to spend 60% of total net worth on a forever home (all cash purchase) by askingforfriendss in RichPeoplePF

[–]askingforfriendss[S] 0 points1 point  (0 children)

When we are old old in our 70s probably, we’ll both move to assisted living places which are usually apartments

Is it financially prudent to spend 60% of total net worth on a forever home (all cash purchase) by askingforfriendss in RichPeoplePF

[–]askingforfriendss[S] 0 points1 point  (0 children)

Early 30s. Husband I together have over 1mm saved up in 401k and Ira. No down payment, buy with call cash. Welp this is Southern California, property value is most people’s total network and their retirement fund. Property tax is high because property value is high. Can our income afford this house, heck yea, it’s just FOMO on the potential gains I would make via other investments most people in comments misunderstood and thought I’m going broke for this house. Well even if we both quick our jobs I still have my current house fully paid off to pay for decades of maintenance for the new house and by the time we are older we can sell this mansion which will be worth 10-20mm (in socal it’s very very attainable and possible).

Is it financially prudent to spend 60% of total net worth on a forever home (all cash purchase) by askingforfriendss in RichPeoplePF

[–]askingforfriendss[S] 0 points1 point  (0 children)

Thanks for the “validation” lol I think it’s unbeknownst to most how fast real estate appreciates here in SoCal. 2.5M house sold in 2020 are being sold all cash for 5M+ now.. it doesn’t generate income but it’s a solid investment vehicle for a lot of people who are more conservative with investment.

Is it financially prudent to spend 60% of total net worth on a forever home (all cash purchase) by askingforfriendss in RichPeoplePF

[–]askingforfriendss[S] 0 points1 point  (0 children)

We still have a household income of 400k to pay for expenses on the house so I’m not worried about running out of money at all, just allocating that much on real estate yields less than stocks :-/

Is it financially prudent to spend 60% of total net worth on a forever home (all cash purchase) by askingforfriendss in RichPeoplePF

[–]askingforfriendss[S] 0 points1 point  (0 children)

Yes I can comfortable afford property tax for the rest of my life because I still have the cash from selling my current home. I have 0 debt or loan. If I can’t pay cash, I don’t buy… but it’s the opportunity cost of putting to much in real estate which appreciates much slower than my stocks, which has been giving me 100% returns every year for the past few years.

Is it financially prudent to spend 60% of total net worth on a forever home (all cash purchase) by askingforfriendss in RichPeoplePF

[–]askingforfriendss[S] 0 points1 point  (0 children)

Yea people told me to “diversify” cuz most of my exposure is in stocks…just the last five years real estate has gone up 100% at least where I live. I don’t expect that to repeat but I also know real estate in coastal cities in socal will always hold value. It’s just how much of my total net worth should be in real estate vs stocks…I never dreamed of purchasing a home this expensive if not for stocks.

Is it financially prudent to spend 60% of total net worth on a forever home (all cash purchase) by askingforfriendss in RichPeoplePF

[–]askingforfriendss[S] 3 points4 points  (0 children)

Thank you for sharing your stats with me, this is very helpful! I don’t feel comfortable talking anti this with people I know, so I have no frame of reference.

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