…..
……………………………………………………………..:)),(,??)$$!!!!???,$;$;$;$;$;$;$;$;$;$;!;&;!;!;!;$;!(!(!(!(!(!(!($($(‘fnfnfnfbndndnfnfnfnnfnfnnfnfnfndnfn
Trending Content - Real Estate Forum
| +47 | What Is Your Backup Plan? | 21 | 12h |
| +39 | Where are free agents signing? | 21 | 2d |
| +36 | AvalonBay Equity Residential Merger discussion | 16 | 1d |
| +34 | Future of Real Estate | 9 | 2d |
| +28 | Extremely Slow Ramp Up | 5 | 23h |
| +17 | Most Correct Way to Grow Rents in MF Development Underwriting | 1 | 21h |
| +16 | In RE, what is the ONE software tool you couldn’t survive without? | 6 | 22h |
| +14 | CRE Banking @ Top 3 Bank or Asset Management at Public REIT | 9 | 54m |
| +10 | Dynex | 5 | 2d |
| +9 | PGIM investment analyst low pay | 8 | 1d |
Career Resources
Like 35-40m? Why not just ask him
I know of a family who has a home like this ($30-40M) and I always assumed somewhere in the 9 figure range.
At least 9 figures if that much is tied up in primary residence
I estimate there’s some animosity if you don’t feel comfortable just asking your friend since you care so much
Guessing this is Florida since California or New York hasn't had this level of appreciation in the last 5 years.
Could be a billionaire or your friend might have put a good portion of his/her net worth in a primary residence in case of personal bankruptcy. You probably need at least 275k annually to maintain a 11 million home FWIW.
Well, the context of your questions makes me think you'd think his net worth is the new value of his home, less his mortgage (if it still exists).
Since you don't mention his job or salary, there is no reason to think that his home value is moving in concert with his overall net worth (which, if he had moved since, it would).
So assuming an 60% mortgage, I'd expect his net worth to be somewhere in the 18mm range.
She paid in full for the home. No mortgage, and I know for a fact she’s raked in over 600k/month for at least 15 years. Difficult to estimate what she’s done with investments. I’d assume she’s well advised.
I mean, I'm not sure why you'd care, but you have your answer right there.
She's making 600k/month. She has not mortgage. You could figure out the taxes on her home quite easily. you can make a decent estimate on what she pays to maintain her lifestyle.
So all you have to do is take some basic assumption of her net worth 5 years ago, maybe it's 22mm and she put half into her home. Take the new valuation of her home (+14mm) and then go in an excel and assume that whatever she wasn't spending monthly, she invested into an index fund in the market every month. Voila!
Odit numquam libero enim nihil vel eum odit quia. Numquam voluptatem maiores minima eaque iure odio quaerat. Autem dignissimos illum est animi doloremque. Facere nisi molestiae laudantium sunt reiciendis excepturi.
Labore ut hic optio officia eligendi. In distinctio nam molestiae qui ea quasi earum. Sunt dolor enim corrupti expedita sapiente libero. Est odit ea ea error amet aut ut.
Quidem laboriosam ducimus adipisci quis perspiciatis nemo. Ut qui dolores quia quia eligendi expedita molestiae. In amet deserunt eius.
Quibusdam aut quas in dolor animi esse optio. Ratione sit facere non rerum ab iure. Quas aliquam molestias quidem repudiandae nam tenetur perferendis. Sequi dolores ea cum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...