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AK Retiree Club

usedto said:
Real estate beats all them markets. :thumbsup:
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Only if you're very selective. Once you take costs into account it's not so great. Maybe half the yield of a balanced stock portfolio if you're in both for the long term.

Had a meeting with my financial people earlier today, it's been a very good year on the markets despite all the tribulations.
 
Mart Mccall said:
Only if you're very selective. Once you take costs into account it's not so great. Maybe half the yield of a balanced stock portfolio if you're in both for the long term.
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Bought a piece of property in 2002 for 90K. Sold it in 2006 for 400K and 1031 exchanged it for a piece of property that is now worth in excess of 800K. And, that doesn't include the 20 years+ rent income from $1500 - $3400/mo. Costs/upkeep have been minimal. Property tax is the biggest expense.

Stocks can work for some people, but one major hiccup and a portfolio can be reduced significantly. Pretty hard for my real estate to take serious hit.

But, whatever works..................... :thumbsup:
 
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usedto said:
Bought a piece of property in 2002 for 90K. Sold it in 2006 for 400K and 1031 exchanged it for a piece of property that is now worth in excess of 800K. And, that doesn't include the 20 years+ rent income from $1500 - $3400/mo. Costs/upkeep have been minimal. Property tax is the biggest expense.

Stocks can work for some people, but one major hiccup and a portfolio can be reduced significantly. Pretty hard for my real estate to take serious hit.

But, whatever works..................... :thumbsup:
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Yes, that can work :)

My cousin bought a house in London around the turn of the century, £450K. Now worth 2.5 million.

On the flip side my house bought in 1998 has only increased by the rate of inflation, so zero real gain.

I did consider buying a second property to rent and as an investment but worked out only about a 5 percent yield and that was assuming it was rented 90 percent of the time and that the renters only did minimal damage.

Plus over here you have to get multiple certificates for various things before you can legally rent the property and getting non-payers out is an expensive and protracted process. Way too much hassle.
 
We bought our first San Jose, CA home in 1990 for $234,000.
I just checked the last Cupertino house with Zillow, it's at $3,076,000
Location, Location, Location. At the foothills of Silicon Valley.
One of the best public schools in California and the country.

My current tiny, bachelor 2 bedroom home on Maui was $600,000 in 2018.
It creeped over $1M. I used to have a unobstructed bi-coastal view. The greenery has move in.
I could build another home on the lot, but I like the jungle, orchard and privacy.
My cool neighbor jams. His group of friends have gotten much better.
Couple holidays ago, Lukas Nelson and Patrick Simmons Jr. were jamming, next door.

Stock market was crazy good (up 500% in 3 years), but took a dump.
Started getting SS and Medicare couple years ago. That's nice.

Knees are fine, but no more marathons, maybe...
Injured my shoulder from rock climbing.
It's kinda sore, but I'm still climbing and surfing.
Yard work is a pain. When it rains, everything goes crazy.

After a year, I stepped down as president for a non-profit.
I didn't need the stress and drama, since it's a volunteer position.
Still on a board of directors for another non-profit. They're cool.

A dear friend's granddaughter recently got married.
Then my friend had surgery on her back. She fine and recovering.
When she "100%" where going on holiday.
She is cool, intelligent and hot.

In the last two years, I've survived two strokes, compressed vertebrae and a tumor.
Life is good and I've been fortunate.

I'm going surfing, now. :)
 
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Apple hit a little over $300 today, then slipped back a bit. Thank you to my late mother. Will go to the kids when I kick the bucket.:thumbsup:
 
retired from programming (software developer - Linux/Unix) a while back, still love programming but with AI taking over lots programming jobs I am glad I got into it when I did. Do lots of listening to my millions of Lp's, play chess, do photography, got into mechanical watches, still do some running, watch all kind of stuff on YT, house hold chores that the wife wants done. Still very active but lower back is quite sore, quads sore, guess that is what happens when we all get older . No meds, still smoke a little grass/hemp ! The most important thing is staying in good health.
 
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