That was my strategy, but prices went up a lot faster than I thought they would. Then I got sticker shock at my property tax bill doubling.
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Aaah yes, the old property tax bill doubling impact always thwarts every housing moving scheme of mine tooâŚ
Thatâs why I think it makes a better strategy to decouple primary residence from rental consideration. Often times they are two different sets of criteria anyway. Sometimes it makes sense to pocket that 500K tax free money by selling the primaries and buy cheaper rentals. One is not necessarily attached to the other.
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Yeah, but, we want to stay around here remember? Anything cheaper essentially means moving away which really defeats the purpose. End conclusion: one stays in the same, old house.
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Only old medical doctors? Young doctors are tired and broke, it would take them a few years to save the down payment.
But I heard that doctors can get mortgages easily, at better terms
My point is that todayâs young engineers are reaching their peak or off peak earnings at a very early age. Starting at 120k, I think they will reach their ceiling pretty soon. However, they can buy a house at age 25 instead of doctors at 35. 10 years of early investment can make a huge difference, but too many young engineers lack the savvy and life experience to buy homes. Many people are wasting their early peak and may regret when their skills will be thrown to toilet in 15 years.
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Youth is wasted on the young.
Shoot, I understand my bro in law, the surgeon got an interest free stipend from his employer that he used to buy in buying their RWC home.
Why the title of this thread is what it isâŚ
Making 100K out of the gate is good. But what about the trajectory over time? How much do they top out?
Most top out around $160k base unless they go into management or are in a hot area. The issue with hot areas is they rotate every ~10 years, so you go from being essential to over priced pretty fast. Once the technology shifts youâre working at a legacy tech company which has flat revenue and is trying to cut costs to increase profits fast enough for shareholders to be happy. Then the mergers and layoffs start and over priced people have a target on their back. Itâs one of the quickest ways to improve profitability.
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An engineers shelf life is shortâŚSmart ones buy real estate early and oftenâŚI was lucky enough to start buying at 22âŚWas always way ahead of my friends for a least 10 yearsâŚSome have caught up 40 years laterâŚLawyers and doctors keep getting higher and higher salaries. .Engineers peak at 40âŚThen you have to go into management or find a new careerâŚ
Perfectly fit the irresponsible attitude of the ⌠Is why Apple doesnât have free stuffs. We want people with sense of responsibility.
Blocked, whatâs the tldr?
Hmm, try this one
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Here is an interesting story about what Google employees hated about working thereâŚ
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Literally move over, FitbitâŚ
This could be a game changer, no???
Getting fit is another one of those social experiences. Whatâs the point of hitting up the treadmill if there arenât any hot men and women around?
Really? Uh, how about just being around longer for your lovely family??? Good enough reason, Sir??? With healthcare costs being what they are, it is very much advisable for EVERYONE to be exercising daily to stay healthy. You actively manage your properties so I imagine you are up and about all the time. I sit in front of multiple monitors all day so exercise is a must for me. No excuses, people!!!