April 21, 2008
– Comments (7)
This link is a kind of cool interactive link about whether people are better off today or not.
I should count my blessings as I am much better off than 5 years ago.
Me too...but concerned. very concerned.
Hell yeah I'm way better, aint got no job.... but the kicker is...
I don't need one..... :)
retired baby, retired at 37...
I have to count my blessing also. I am way better off than I was five years ago. I have the crazy markets to thank for it, the housing and stock markets. I sold a house in Tucson, AZ in 2005 before the bubble burst and made $165,000.00. Not bad for 4 years equity in an average home. I took $40,000.00 of that money and opened a brokerage account in February of 2006 . The first year I turned that $40,000.00 into $30,000.00. I had made some bad choices, so I really started studying the market, making better choices and as of closing bell today that account is worth $56,000.00
I'll add my name to the list of better off people. Despite a nice $50k loss on my $190k house (just sold, yay!), the good has far outweighed the bad: both I and my wife finished grad school (we take turns calling each other Master), wife has a great job now, and I am now a full time short seller (having just quit my day job).
LBStarling I just sold in January and Vancouver's silly market is stil going up. A neighbour just sold an identical until for about 10% more, although I heard the furniture was sold with the place. There are two more listed at about that price. My home was up quite a bit in 4.5 years as well. I did very well in the market when I was in it. I am not trusting the market right now.
Glad to hear you sold EverydayInvestor.
That's very good if you can still be better off over all having taken a $50k loss.
I'd say I'm just very lucky, financially and otherwise. Sold my beachfront Florida condo in 2005 after 4 years and 350% profit on $30,000 equity, and just months before the 2 monster hurricanes rolled through. The best though, is having enough money to help my children when they needed it.