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Old 06-26-2008, 02:15 PM   #41
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Originally Posted by Kathryn48 View Post
Thanks so much FIREdreamer. This is a positive way of looking at things and I guess I've resigned myself to working another 20 years, unless I get into some other circumstances (marry someone rich - doubtful, win the lottery - even more doubtful since I do not play).

My house went up way in value (along with everyone else's) but even if I keep what I paid for it, it puts me at a net worth (today) of $600K, so I should not complain. Everything is still relative and I figure if I just put my nose to the grindstone, not spend any unnecessary money and work my way up, maybe I too can be a FIRE someday, or at least not just work until I drop dead.
Hi Kathryn,
Will your house keep its value, do you think? Is there any possibility you could sell it now and buy something else (condo, townhome) for about half the proceeds, invest the rest? That's what I'd do, I think. The housing market values are still too high in lots of areas and could very likely decline. That solution would give you a good nest egg to invest and grow until you decide to retire. But I realize that's a rather unpleasant solution.
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Old 06-26-2008, 07:29 PM   #42
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Join Date: Jun 2008
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Originally Posted by Oldbabe View Post
Hi Kathryn,
Will your house keep its value, do you think? Is there any possibility you could sell it now and buy something else (condo, townhome) for about half the proceeds, invest the rest? That's what I'd do, I think. The housing market values are still too high in lots of areas and could very likely decline. That solution would give you a good nest egg to invest and grow until you decide to retire. But I realize that's a rather unpleasant solution.
Thanks, Oldbabe. I'm not worried about my house value, as I live in an upscale neighborhood in Scottsdale,AZ (a lot of retirees here) and there is only so much land here to develop. I don't want to move into a condo, townhouse, however, as I really like my house and have a large lot in an area which isn't building anymore large lots. It really is a gem of a property. After all is said and done, and in light of what's going on in our country and the world, I am going to just have to bite the bullet and go back to work. I see this as the only way to preserve what I have and build on it. I am super risk averse so I guess this is what I will do, until at least economic indicators go in a somewhat positive direction. Thanks!
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