Notice Terry Porter is selling everything in his mansion!

[Haakzilla]

Details & photos!! >> https://www.pdxestateservices.com/u...ale-baxft-lx8ss-ecx8n-yxxa6-lw9cs-36ltf-p22t3



https://www.oregonlive.com/blazers/...lling-everything-in-his-portland-mansion.html

 

[THE HCP]

How come everything TP owns looks like it came straight out of my great great grandma’s attic??

 

[Everything Beagle]

How come everything TP owns looks like it came straight out of my great great grandma’s attic??

Well you know NBA players from back then weren't paid much, maybe he's rooming with your great grandma?

 

[SharpeScooterShooter]

Details & photos!! >> https://www.pdxestateservices.com/u...ale-baxft-lx8ss-ecx8n-yxxa6-lw9cs-36ltf-p22t3



https://www.oregonlive.com/blazers/...lling-everything-in-his-portland-mansion.html

I hope its not a financial issue. I feel for the players that paved the way to todays game and payday, but never got paid.

 

[Haakzilla]

I hope its not a financial issue. I feel for the players that paved the way to todays game and payday, but never got paid.

...I hope so too -- the o-live article mentioned something about all of the most prized possessions have already been moved to his new residence

 

[SlyPokerDog]

Porter had $24 million in career earnings as a player.

https://hoopshype.com/player/terry-porter/salary/

 

[SharpeScooterShooter]

Porter had $24 million in career earnings as a player.

https://hoopshype.com/player/terry-porter/salary/

A years salary for him in todays market.

 

[Phatguysrule]

Porter had $24 million in career earnings as a player.

https://hoopshype.com/player/terry-porter/salary/

While not much by today's standards, if he was smart, he should be set for life

 

[SlyPokerDog]

A years salary for him in todays market.

I'm pretty sure his knees are shot.

 

[SharpeScooterShooter]

I'm pretty sure his knees are shot.

Trade him now then before the league gets notice!!!

 

[riverman]

When you get older, stuff becomes more of a burden than an asset. Shit I have clung onto in life is more than likely going to end up in a donation bin when I've passed on. ...as a writer I've filled many, many notebooks with scribblings that will probably just end up kindling in the fireplace in the end. If Terry can cash out on stuff, good for him! Purging is cathartic!

 

[Phatguysrule]

When you get older, stuff becomes more of a burden than an asset. Shit I have clung onto in life is more than likely going to end up in a donation bin when I've passed on. ...as a writer I've filled many, many notebooks with scribblings that will probably just end up kindling in the fireplace in the end. If Terry can cash out on stuff, good for him! Purging is cathartic!

Digitize it. The collective consciousness of the internet is forever.

 

[riverman]

Digitize it. The collective consciousness of the internet is forever.

most of it has been digitized but not all of it. At this point, I just write new stuff. It's become like my DVD collection after getting netflix....redundant. I have a youtube channel for some of it as well..my point is the physical stuff will not be put in a museum when I'm gone and that's ok. In the end, it's just stuff. I donated a truck load of "stuff" to St Vinnie's this year and really don't miss any of it.

 

[blazerkor]

Seems like he's moved to a smaller place and will sell the mansion once he gets rid of the stuff that won't fit. Downsizing later in life seems to be the smart financial move although recent articles in a lot of publications (CNN.com, Wall Street Journal and AP) have said that less seniors are downsizing and more are holding onto the houses they raised their families in.

 

[julius]

He's probably just downsizing. Comes a point where an empty large house just reminds you of how alone you are (kids gone, etc)

For some reason, etc autocorrected to "wtf" which is kinda funny.

 

[KingSpeed]

While not much by today's standards, if he was smart, he should be set for life

I don’t know… after taxes, it’s $12 million and he started his career 40 years ago and he hopes to live about 20 more. $12 million divided by 60 is only $200,000/year. He bought a mansion so…. Of course I forgot to mention his coaching and TV income but I wouldn’t quite call it “set for life.” Oh I forgot to subtract his agent commission too.

 

[crandc]

That is assuming no investments.

 

[Phatguysrule]

I don’t know… after taxes, it’s $12 million and he started his career 40 years ago and he hopes to live about 20 more. $12 million divided by 60 is only $200,000/year. He bought a mansion so…. Of course I forgot to mention his coaching and TV income but I wouldn’t quite call it “set for life.” Oh I forgot to subtract his agent commission too.

The return on investing $5 million conservatively should net you $300k per year fairly easily (while outpacing inflation)... And if he invested that 30 years ago it should be worth a hell of a lot more than $5 million by now.

S&P 500: $100 in 1990 → $2,604.37 in 2023This is a return on investment of 2,504.37%, or 10.17% per year. This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 1,017.13% cumulatively, or 7.43% per year.

 

[SharpeScooterShooter]

The income generated by $5 million depends on the type of investments and their yield. For example, if invested in a conservative portfolio yielding an average of 4%, you'd generate $200,000 per year before taxes.

 

[Phatguysrule]

The income generated by $5 million depends on the type of investments and their yield. For example, if invested in a conservative portfolio yielding an average of 4%, you'd generate $200,000 per year before taxes.

Yes, that is VERY conservative. Any 30 year old investing that conservatively is basically throwing money away.

 

[SharpeScooterShooter]

Yes, that is VERY conservative. Any 30 year old investing that conservatively is basically throwing money away.

Was mostly agreeing with you even though I bolded the differences. Its livable if you are not heading to Vegas four times a year. Its more than I make and I live. lol

 

[Phatguysrule]

Was mostly agreeing with you even though I bolded the differences. Its livable if you are not heading to Vegas four times a year. Its more than I make and I live. lol

If he just put it in index funds he would have made over $70 million on that initial investment over the last 30 years (not accounting for taxes and fees). $30 million inflation adjusted.

Now, he may not have done that. But he wouldn't have needed to be some sort of visionary to do so.

 

[Haakzilla]

...is anyone there now? They released the address: 420 SW Edgecliff Road, Portland, OR 97219

 

[PtldPlatypus]

...is anyone there now? They released the address: 420 SW Edgecliff Road, Portland, OR 97219

"Edgecliff Rd" certainly sounds like a safe place to live...

 

[barfo]

I would certainly like to own this silver rat with pigtails.

barfo

 

[TBpup]

The house is worth $3.2 million. I'm guessing he is going to be fine.

 

[blazerfan11]

When you get older, stuff becomes more of a burden than an asset. Shit I have clung onto in life is more than likely going to end up in a donation bin when I've passed on. ...as a writer I've filled many, many notebooks with scribblings that will probably just end up kindling in the fireplace in the end. If Terry can cash out on stuff, good for him! Purging is cathartic!

The key is to pick up each object one at a time, and ask yourself quietly, “Does this spark joy?”
Pay attention to how your body responds.

 

[Eastoff]

I'm pretty sure his knees are shot.

Toroidal shots will fix that.

 

[AldoTrapani]

So he was moving to Naples, Florida is the reason. Just heard the guys on 1080 say that

 

[barfo]

So he was moving to Naples, Florida is the reason. Just heard the guys on 1080 say that

Oh - I guess he must have some form of dementia. That's sad.

barfo