Anybody else ever think of cashing out everything? - NJFBOA - Home of New Jersey's Camaros and Firebirds

JL8Jeff · 12-06-2005, 01:22 PM

I'm sitting here at work reading about the housing market being hot in our area(pretty obvious) and that made me think about what could I cash out for. If I were to sell my house, my 69 Z28, cash in my 401K and my employee stock I think I would be worth almost $650,000(probably more since I know our stock has gone up). I think I'd head south to FL or the Bahamas and go kick back and bait fish hooks for a living!

Oh well, gotta get back to work...

NJSPEEDER · 12-06-2005, 01:25 PM

properly invested you could be very comfortable with that kind of cash. don't think it woudl be enough to retire on, but you coudl certainly ease off of the daily grind a bit.
650k in an ing direct orange savings(paying 3.5% currently) is still 22.5k a year. not a bad income for jsut continuing to breath. add a part time job or even a barely full time job doing something fun and you can easily make another 20k a year.
that is plenty of cash for a double wide in florida and money left over for toys

NJSPEEDER · 12-06-2005, 01:26 PM

p.s. i am not encouraging you, jsut agreeing it a cool thought. i woudl never do anything to promote you selling that 69 before you at least have a chance to take it around the block and see what all your time and effort created

qwikz28 · 12-06-2005, 01:33 PM

i wonder how the market is in PA? refinance, buy a plot of land. sit on it for a couple years or go 4-wheeling on it. then eventually sell it to a builder who can subdivide it and make mad money once urban sprawl sets in. wooooot!!!

NJSPEEDER · 12-06-2005, 01:35 PM

i am actually considering trying a little speculation in upstate ny.

JL8Jeff · 12-06-2005, 01:36 PM

Oh yeah, I forgot to mention that when I make my mortgage payment tomorrow, I'll have around $100 in the bank! Ironic, isn't it?

12secondv6 · 12-06-2005, 02:24 PM

PA is DAMN cheap!

NJSPEEDER · 12-06-2005, 03:11 PM

Quote:

Originally Posted by 12secondv6

PA is DAMN cheap!

tahts only cause it sucks and no one really wants to live there

Brando56894 · 12-06-2005, 03:16 PM

but why would ppl wanna live in jersey?

qwikz28 · 12-06-2005, 03:54 PM

Quote:

Originally Posted by Brando56894

but why would ppl wanna live in jersey?

heck yeah NY! anyone ever been to lake george before?

Tsar · 12-06-2005, 04:29 PM

Quote:

Originally Posted by qwikz28

heck yeah NY! anyone ever been to lake george before?

i have

qwikz28 · 12-06-2005, 04:47 PM

its beautiful up there. i cant wait till the end of the semester so i can go up there with my buddy and go snowmobiling for a weekend.

Ian · 12-06-2005, 05:24 PM

I cant wait to get the hell out of Jersey!

Koll · 12-06-2005, 06:25 PM

My dad is in FL right now in the house he just bought. Current house worth : ~1.2-1.4million

jims69camaro · 12-06-2005, 06:26 PM

Quote:

Originally Posted by JL8Jeff

I'm sitting here at work reading about the housing market being hot in our area(pretty obvious) and that made me think about what could I cash out for. If I were to sell my house, my 69 Z28, cash in my 401K and my employee stock I think I would be worth almost $650,000(probably more since I know our stock has gone up). I think I'd head south to FL or the Bahamas and go kick back and bait fish hooks for a living!

Oh well, gotta get back to work...

that's the plan. my income will be coming from a different source, will most likely be four times your number, and we'll likely keep the house here as rental income. we're moving where the sun shines 90% of the year and humidity is near nonexistent. also, the cost of living is about 25% of what it is here. once i'm gone i won't spend a single second thinking about this crap hole.

p.s. my car is going with me.

Ian · 12-06-2005, 06:26 PM

Quote:

Originally Posted by Koll

My dad is in FL right now in the house he just bought. Current house worth : ~1.2-1.4million

F yourself rich boy

JL8Jeff · 12-07-2005, 08:43 AM

Dam, I was wrong. I just wrote out the mortgage check and I have $29 left in the bank! I guess I don't really have to worry about Christmas at this point, the credit card already has $800 on it! So somebody buy some of the stuff I have for sale already!

camaroracer1992 · 12-07-2005, 08:49 AM

Quote:

Originally Posted by NJSPEEDER

tahts only cause it sucks and no one really wants to live there

yeah cause god knows everyone wants to live in ****** jersey with politicians who make WAAAAAAAAAAAAAAAAAAAAAY too many dumb laws HAHA!!

Mike · 12-07-2005, 09:13 AM

Quote:

Originally Posted by jims69camaro

that's the plan. my income will be coming from a different source, will most likely be four times your number, and we'll likely keep the house here as rental income. we're moving where the sun shines 90% of the year and humidity is near nonexistent. also, the cost of living is about 25% of what it is here. once i'm gone i won't spend a single second thinking about this crap hole.

p.s. my car is going with me.

arizona?

nj85z28 · 12-07-2005, 05:57 PM

Quote:

Originally Posted by Ian

F yourself rich boy

my thoughts exactly

12secondv6 · 12-07-2005, 08:44 PM

I like jersey.... we glow at night!

Tru2Chevy · 12-08-2005, 11:06 AM

Quote:

Originally Posted by NJSPEEDER

ing direct orange savings(paying 3.5% currently)

Actually it's up to 3.75%

- Justin

jims69camaro · 12-09-2005, 11:05 AM

Quote:

Originally Posted by cbrrmike

arizona?

costa rica.

Tsar · 12-09-2005, 11:15 AM

Quote:

Originally Posted by jims69camaro

costa rica.

hell yea, i've heard its really cheap and women were good looking

69RSZ · 12-09-2005, 02:57 PM

Quote:

Originally Posted by JL8Jeff

Dam, I was wrong. I just wrote out the mortgage check and I have $29 left in the bank! I guess I don't really have to worry about Christmas at this point, the credit card already has $800 on it! So somebody buy some of the stuff I have for sale already!

so jeff,lmk when the 69 goes up for sale,since i cant find a 67Z and that guy in canada is hording them all im looking elswhere.Ron