Quote:
Originally Posted by John Mercier
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.