On: My product is my garden

[jimbokun]

"an independent life is impossible unless you have enough healthy young people around to do the labour."

Or about $1 million stashed in index funds, give or take based on cost of living in your location.

[raintrees → jimbokun]

Or around $600K in down payments in cash flowing rental properties in the US...

My wife and I spent around $75K to get approximately $1K a month in cash flow (5 doors, $200 each)...

[Rumudiez → raintrees]

I think the topic is independence, not being a parasite on others who are less well off than you.

[1MoreThing → Rumudiez]

It is kind of hilarious how often rent-seeking behavior is called out as evil when it comes to software companies, but actual rent-seeking with real estate is seen as virtuous investment.

[vageli → raintrees]

$75k for five doors? Might I ask whereabouts? That seems ridiculously cheap per unit.

[wahern → vageli]

Not impossible in impoverished areas. A rural trailer park, some section 8 housing in a bad part of town, or maybe they scooped up some single-family units at the bottom of the housing market crash.

[raintrees → vageli]

$65K for a 4 plex in Del Norte County, California, $10K for a single family in Lee County, Florida. Deals exist, it requires effort and action.

[_lx4l → vageli]

I believe they're saying the down payment was $75k