How are your investments doing?

[ponytug]

The numbers I posted are average annual rate of return. It beats the S&P by a bit. If I calculated it right I think, discounting my contributions, my 5 year actual increase is around 93%. So just short of double.

93% over five years is 14.05%, pretty much where @CloverKnollFarms is.

Most venture funds fail to hit those numbers...

All the best, Peter

 

[Torvy]

Your numbers are cumulative.
His numbers were yearly

That's not how that works. 3yr and 5yr numbers are always reported cumulative.

 

[ultrarunner]

I'm also in the residential rental business, but in Europe. When you say taxes, do you mean just the property taxes, or are you including the associated income tax you'll need to pay too?
Because that's a very surprising amount of tax.
I calculate 2 month rental income for my insurance, local property tax, and maintenance expenses (I'm competent at minimising the later).
Income tax is another thing.

Property tax takes a ever bigger bite with some hefty increases but new rent control laws limit recovery.

A home rents for 3k a month with property tax now 21k… 7 months rent to cover property tax plus another for insurance .

 

[Sprinkler Fitter]

Property tax takes a ever bigger bite with some hefty increases but new rent control laws limit recovery.

A home rents for 3k a month with property tax now 21k… 7 months rent to cover property tax plus another for insurance .

I can’t believe people would pay $3000 a month to rent a house.

 

[riptides]

I can’t believe people would pay $3000 a month to rent a house.

That's a going rate for apartment rentals around here.

Houses, cost even more.

 

[ponytug]

I can’t believe people would pay $3000 a month to rent a house.

It's the local market, and partly the math of what a mortgage would be. A friend's family just sold a 3 bedroom, 3 bath, 1,790sq.ft. family home for $5.6M. Updated kitchen and bathrooms. I think that it was on the market for less than two weeks. Cash sale in a desirable neighborhood.
80% mortgage would be $37k/mo, plus monthly taxes and insurance of $12k(ish).
Not a particularly fancy house, just the location.

That's way out of my league, but you get the idea.

All the best,

Peter

 

[riptides]

It's the local market, and partly the math of what a mortgage would be. A friend's family just sold a 3 bedroom, 3 bath, 1,790sq.ft. family home for $5.6M. Updated kitchen and bathrooms. I think that it was on the market for less than two weeks. Cash sale in a desirable neighborhood.
80% mortgage would be $37k/mo, plus monthly taxes and insurance of $12k(ish).
Not a particularly fancy house, just the location.
View attachment 4356481

That's way out of my league, but you get the idea.

All the best,

Peter

Just the look, sitting on 10 or less acres here....

600-700k

 

[ultrarunner]

I can’t believe people would pay $3000 a month to rent a house.

It depends… had several doctors, 1 engineer and two military families and one retired couple that were fantastic as they wanted to spend time here… the home has had weddings and family reunions…

3k is a bargain compared to the cost of ownership unless looking at decades of ownership.

 

[ultrarunner]

It's the local market, and partly the math of what a mortgage would be. A friend's family just sold a 3 bedroom, 3 bath, 1,790sq.ft. family home for $5.6M. Updated kitchen and bathrooms. I think that it was on the market for less than two weeks. Cash sale in a desirable neighborhood.
80% mortgage would be $37k/mo, plus monthly taxes and insurance of $12k(ish).
Not a particularly fancy house, just the location.
View attachment 4356481

That's way out of my league, but you get the idea.

All the best,

Peter

Atherton?

 

[Sprinkler Fitter]

It depends… had several doctors, 1 engineer and two military families and one retired couple that were fantastic as they wanted to spend time here… the home has had weddings and family reunions…

3k is a bargain compared to the cost of ownership unless looking at decades of ownership.

So do they live in it or abnb?

I guess I would never live where homes are that expensive.