digging, planting, & pruning in the backyard of the stock market & personal finance
Hey MG,I posted over on TMW's site but thought I get your take on it too. Did you guys come up with a consensus of how much is too much?I know 80-90% house/total assets was mentioned, but the post wasn't too # intensive. I'm guessing the mean and median in Canada is actually quite (i.e. principle residence is the most valuable asset people have).
We didn't decide on a concrete limit. I think it depends on your life situation. If you are in your twenties just starting out, you are excused.If you are over 30 years old it is my belief that a percentage over 80% means that you are set up poorly for future asset growth. You will have to make a concerted effort to buy non real estate assets to diversify away from RE and better position yourself for asset growth as the years go on.
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