Thread: Cost of fuel...
View Single Post
Old 03-20-2022, 10:18 AM   #162
DickR
Senior Member
 
Join Date: Apr 2008
Location: Moultonborough
Posts: 734
Thanks: 4
Thanked 254 Times in 166 Posts
Default

Quote:
Originally Posted by John Mercier View Post
They estimate that your investment portfolio must be about 7.5 times the value of your home(s) to maintain your standard of living...
While the formulae in that article may be (very crudely) ballpark for some folks in some areas, the article is fairly useless in many areas of NH lakes region. The market value of lakefront homes often is a poor indication of the income or living standard of the owners. Recent years have pushed market values way up, but that is a reflection of the buying power and perhaps living standard of prospective owners, not the current owners.
DickR is offline  
The Following User Says Thank You to DickR For This Useful Post: