Destroying the American Dream... http://www.prudentbear.com/archive_comm_article.asp?category=Guest+Commentary&content_idx=42815
The taxes and assessments must be awful. Why not sell and retire to South America- something like Argentina or Costa Rica or maybe Italy, Portugal? There are still places left where 1.3 mil is worth something.
I was thinking exactly the same thing when I read that.... It would SO pain me to write out a yearly tax check like that.
Good article. On a similar note... saw Suzi Orman's TV special. No longer is she the queen of the mutual fund millionaires. She had some very somber words. She pointed out that starting salaries for college grad type jobs pay what they did 10 years ago in real terms. She also pointed out that housing, transportation, medical care, education and taxes are higher than ever. A real squeeze on the standard of living.
Why not take the money and move to something like this...3300sq feet and nice looking, good weather, low crime, no state taxes. If the kids want to visit, buy them a plane ticket and pick them up from the airport. Probably takes less time than L.A. traffic anyway! lol http://www.realtor.com/Prop/1046945703 You could bank the million and live off the interest.
The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves. This is the shabby secret of the welfare statists tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Alan Greenspan In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of Gold. Alan Greenspan
http://www.realtor.com/FindHome/Hom...4B0116F40C8C&snumxlid=1045327026&lnksrc=00001 You can live very well with that kind of money in other states. This is Charlotte NC. No it is not LA or NY.................................... but that is a good thing.