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Discussion in 'The Courtyard Café' started by Leongsam, May 2, 2013.
How much is your dividend and rental income? I am planning to do the same as you.
Rental around SGD3k/mth and Div around SGD400/mth. Currently rental market a bit down so cannot get so high of a rent and try to spread you investments arcoss the board not just on Riets even thou they gives you a higher return.
what you do with your time in seremban? gardening?
just wondering as i retired a year ago
i’m renting my sunnyvale home for $6.9k. any sbf takers? it goes fast.
happy to announce that i'm retarded from my jaga job. no more midnight shifts!
google just revealed plans to build google park in sunnyvale. they are always one step behind apple in lofty goals, or perhaps they take their inspiration from apple when apple completed apple park this year. except that the architecture is pyramidal, harking back to days of mayan and aztec human sacrifices. project is called "caribbean". it's great to retire with properties in sunnyvale.
If you were referring to:
then you must be a millionaire!
Does this mean that you managed to find a tenant?
If yes, does this also mean that since you've become slightly richer, you can also afford to fly all the way back to Singapore more often every year?
If yes again, then your chances of:
should probably decrease!
a millionaire in sillycon valley will have a tough time finding a home and buying it if the millions are not in cash. need at least 2 million in cash now to secure a decent home in a good neighborhood. millionaires in the valley are considered middle income. to be considered rich, one has to have at least $6.9m in net assets and cash.
i live in sg and share a hdb room in bedok. i'm a tenant.
I just came across the following post of yours from nearly two months ago:
so I'm guessing you sold your "6.9k" Facebook shares at well over US$100 per share sometime last year or the year before:
and used most of the proceeds for the entire downpayment for your new house last year, right?
nope. have enough for downpayment without resorting to cash from stock sales. cash from stock sales is used for other stock purchases.
Oh, wow! That means your net worth was (and probably still is) greater than last year's "us$1.6m" asking price of your new house; and you probably had enough cash last year to fully pay the "us$1.6m" without having to borrow any money from the bank, right?
in sillycon valley you need to pay off on all your properties and debts with at least $6.9m of net worth to retire comfortably. there are also many who retire prematurely and live in tents or rv’s.
Many thanks for your reply!
But please forgive me for my ignorance and for asking, what are "rv’s"?
recreational vehicles like these along a road in mountain view. can rent for $2k a month. cheaper than apartment rental.
Oh, I see! And many thanks again for your reply!
What does this have to do with retirement?
I might be wrong, but I suspect @Froggy accidentally clicked on the wrong sticky thread to post, instead of:
My bad. Quick fingers.
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