Curious to ask this during a flat spell...lets say you won 5 million bucks and you had no strings attached. Would you move anywhere in the world to surf or stay here on the Mid East Coast...the real place to surf, roughing cold waters, inconsistent conditions, and short days. I think I would stay here. When I think of surfing I think of the Atlantic. What would you do?
build wave pool in Jersey. keep second home there. live in puerto rico the rest of the time and make trips over during the winter
Dang... there's no place like home when the waves are firing & your surfing with the boys but lets look at VB the other 300 days of the year.. flat or mushy with hundreds in the water during summer... winter is inconsistent with short days (heaven forbid if the boss asks you if you can stay a minute after work)... can't hold more than a few feet overhead... parking tickets...leash laws...no open container on the beach?? After 6 months living abroad in the pacific, I'm not sure I'm coming home to stay as is ...let alone if I had 5 million in the bank to fuel my habit. There are a few VBers out here and the consensus is none of them want to go home either.
first id update and upgrade my all my equipment lol. for sure id stay here and make sure I have another spot somewhere in PR, maybe aus or hawaii to go to
I would put 2 mill in the bank and let it build interest and live off that. rent out my current house and buy a house in N. Wildwood and a House in montauk new york. Buys a **** load of boards and take a few trips
Its funny, cause I left OC MD 8 years ago ina search for better waves and weather.. But if I got 5 million tomorrow, the first thing I would do is buy a HUGE house on the bayside in OC MD... I would probably get a condo out in SD still or something for vacations, but my first move would be to come back home... Maybe at 30 im getting old, but there is no place like him.. sniff... sniff...
Interesting outlook. And you'll be broke inside of 5 years. If you invest 2 mil at 2% (about the best you'll get these days unless you invest in stocks paying dividends & then you risk valuation fluctuations) would earn you 40k per year. After you pay your taxes you would net approx $ 2,100.00 per month. You say you can live off that? Then you're living on cat food & staying on your brother's couch... No. Consider the other play. You don't want to purchase a house. Congress is about to wipe out the mortgage tax deduction, so you lose that little tax treat. Credit is dried up & will be for years to come, so the pool of buyers of beach property is shrinking. Translation: when you go to sell, you will lose a lot of money because it's a buyer's market & will be for years to come. And do you really want to sink thousands of dollars into new roof, replacing appliances & the myriad high maintenance costs that go with your little cash sinkhole? Hell to the no. No....RENT a sweet house for 4k per month...a place that some sucker bot at the market highs & is desperate to rent to alleviate his negative cash flow pain...... Put your 5 mil in relatively secure interest-generating vehicles....you could earn 3% on 5 mil = 150k per year; thus, after taxes you clear 97,500 which is 8k per month net, in your pocket for rent, boards, wax, food, petrol, health & vehicle insurance, beers & babes. (And your vehicle is paid off, of course.) Remember: if it flies, floats, f***s or has a monthly payment....rent it !
i would do something similar. i have no need to live DIRECTLY on the beach (in fact, growing up in ocnj has taught me that i DON'T want to live directly on the beach...nor'easters in the fall & winter, hurricanes & tourists in the summers), but rather back a couple blocks in a nice quiet neighborhood (where housing is cheaper), an easy bike ride to my favorite break. so i'd invest half & live off of the interest, use some of the other to buy a house in said quiet neighborhood, & travel my goofy-footed @$$ off to all of the great lefts i've read about but never gotten to surf (pavones, g-land, padang, etc...). basically, my plan would be to live here in the fall, winter, & spring, but be on the move throughout the crowded, flat summer months. more or less live like a photo pro...be home when the surf's good, travel when it sucks. but... i have a serious gf, so the reality is more like i'd buy a house in a nice, quiet neighborhood a bike ride from my favorite spot, invest the rest, & maybe, if i'm lucky, get to take an epic solo surf trip.
surfde,'curious to ask this during a flat spell.' ? we've had no flat spell here for weeks. waves today,too.
No doubt about it I would stay in Jersey. But, I would get second homes in Costa Rica and somewhere along the coast of Spain. Plus a sweet fishing boat for Tuna trips, etc that I could charter. The rest I would bank and live off the interest.
1.5 million dollars invested into safe (or as safe as can be) investments. 0.5 million dollars into Swellinfo Buy a sweet house here on the east coast where all my family and connections are. Buy property in Maui, where I will stay in the winter. Travel where and when I want.
I know that we're just putting up dreams here, and that's cool..... How would those numbers work in your scenario, just out of curiosity? Reason I ask is that I'm always curious to see if someone has an angle that enables them to utilize a chunk of change to enable the exact way they want to live without working. Operative phrase: without working ! I actually have a number, so to speak, that is my adios number: it's 3 mil. If I can gather a 3 mil nut, I'm audi here. Actually have a friend who scrabbled 500k together from the sale of his NYC coop & a payout from his job when the company was absorbed. 500k isn't exactly monster riches. But he then moved from NYC to the Dominican Rep & learned how to kitesurf. He lived in the DR on about 1k usd per month. Made subsistence coin doing what he loves & that's teaching kitesurfing to turistas. Now he's in Thailand & doing the same thing. Not living large. No car paymt, no mortgage, no spousal expenses. Plenty of smokin' women, inexpensive & healthy food, kiting & surfing waves & having a blast in Asia. He hasn't had a job in 4 years.
Maryland closing costs and taxes are so much higher than Delaware just think how much money you save on that bay side house few miles north. You would save enough for that S.D. condo with its own beach bunny
I'd keep my house in New Jersey, but get a big boat and sail around the world for the rest of my life.
