I once got some car work done from someone in Mountain View where he worked out of his home.
I couldnāt believe how bad his 2.5M(market price today) looked. The roof external height was short, was those midget houses ( not sure what they are called)
REF members = beautiful wives + younger side piece + ruled by wives + handsome young men IRL + grouchy old man complex. Oh and they keep cash under their mattress.
I was going to comment on the foreclosure thing too, but I thought Iād just let it slide. I cannot predict the future, but we clearly see there isnāt enough social willpower to really make foreclosures happen.
The governing bodies/government stepped in the last time around. The amount of time for an actual foreclosure to happen is in the years timeframe. 1479 Hamilton PA is an example. Shoulda coulda woulda.
It all depends on if they are $350k spenders or not. For whatever reason, immigrants seem to have more discipline towards saving. Americans want instant gratification. You can see it in small habits:
Sharing a commute car with spouse
Bringing lunch vs going out
Saving RSU vesting for a home vs. spending it on vacations
How do you FIRE in 10 years with 350k annual income? Whatās the passive income after 10 years to FIRE?
If I give you and your spouse a job with 350k total per year within a 10 year contract starting today 5/3/2018, you are guaranteed to be jobless in 2028. Whatās your plan to FIRE in 2028? Itās a full time job at a typical tech company as an engineers.
Assuming you have a working spouse and 2 young kids.