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Thanks,that's what I figured.

Question-when you are giving your percentages, are you deducting the mortgage? Or are you using the full value of the house?

Eclectic12- I should have said when they are elderly. Not necessarily when they retire.

>>But we have seen from the US meltdown that home equity should never be counted on for living.>>

I agree fully. You never know what can happen. You cant count on it. Thought most DO downsize and...

Well, no you cant live off your home. I agree.
However, these numbers dont say too much.

Person A may have a 1.5 million dollar home and a net worth of 2 million.--home is 75% of net worth
...

exactly

Yes, and to me certain things are basic, like having two cars. Unless of course you like right downtown Toronto. If I can't afford two cars, then I need to work more.

I could work full time if need be.
Also, I never said I had a large mortgage. I put about 70% down on my house.
Of cours I think of the future. But I won't live like a pauper now because of these...

OK but not everyone thinks your way, which is fine too.
I would never take the bus to work, no matter what. I would rather work till 75 instead of doing that.
Plus, spouse and I would rather work...

The longest was under 10 years.
I had a Honda Odyssey, it had 285 Km when the transmission went, wasn't worth fixing.
How do you make your cars last so long? I assume regular maintenance but we do...

Wouldn't 1/52 be a week EVERY year? You said every two years.

The annual fees covers things like new roof, replacing carpet, furniture, insurance, property taxes.

We own one in Florida. The...

Just because of the lower MER. On second thought, I will leave it as is.

I have 2 RESP's (one for each of my children).
Currently, they are in regular TD MF accounts. I am thinking of moving them into the e series accounts.
My kids are going to be 14 and 12 this year....

This sounds like a bad situation. You let a tenant move in with no lease or rental agreement??

Marina, are you planning to buy more?