|
12-28-2005, 03:46 PM
|
#1
|
Recycles dryer sheets
Join Date: Jul 2004
Posts: 170
|
2005 and 2006
2005's +'s and -'s
+ Realized the power of giving
+ >10% annualized returns
+ 39.4% of gross saved
+ Purchased a Polar F11 and got in shape!
- Too much spent on food prior to above
- Too much spent on workout gear and Banana Republic!!
2006 Plans
+ Relocating to cheaper area of the country
+/- Contemplating renting for 6 months b/f buying
Note: I think renting will be the best move for me. I've found a 2 BR that's renting for $575. Waiting to see if the prop mgr will take my offer of a lump sum 6 month payment for a 10% reduction and waive of application fees, etc. I figure I can save the difference and be ahead of appreciation for the mortgage I would have otherwise carried. +. I just feel "better" not having a mortgage as I feel out the new job.
Advice?
Cheers!
TD
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
12-28-2005, 04:44 PM
|
#2
|
Moderator Emeritus
Join Date: Feb 2004
Location: minnesota
Posts: 13,228
|
Re: 2005 and 2006
I am with you on the renting. Rents in many parts of the country have been flat for a long time or have even dropped.
__________________
.
No more lawyer stuff, no more political stuff, so no more CYA
|
|
|
12-28-2005, 05:04 PM
|
#3
|
Thinks s/he gets paid by the post
Join Date: Dec 2002
Posts: 3,875
|
Re: 2005 and 2006
Quote:
Originally Posted by Martha
I am with you on the renting.* Rents in many parts of the country have been flat for a long time or have even dropped.
|
I like the "renting" idea. I my case, I think I can win big keeping
50-60% of our port. in real estate, and it provides inflation
protection. Anyway, I think renting is a must if moving to an area
you don't know extremely well.
JG
|
|
|
12-28-2005, 05:46 PM
|
#4
|
Thinks s/he gets paid by the post
Join Date: Aug 2004
Location: Houston
Posts: 1,448
|
Re: 2005 and 2006
Watch out for pre-payment of a lease...I have thought about doing it for a discount, but there are some risks...the landlord could become insolvent or dissappear with your funds, if there is a problem with the apartment you have less leverage to get it fixed, and if you have to leave early for whatever reason it will be harder for you to get a refund. Something to consider.
|
|
|
12-28-2005, 05:51 PM
|
#5
|
Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: Portland
Posts: 2,038
|
Re: 2005 and 2006
Quote:
Originally Posted by MRGALT2U
I like the "renting" idea.* I my case, I think I can win big keeping
50-60% of our port. in real estate, and it provides inflation
protection.* Anyway, I think renting is a must if moving to an area
you don't know extremely well.
JG
|
When I first graduated from college and moved to an apartment in Boston there were two retired couples who had lived in the apt. complex for over 30 years. *By the time I moved out of the apartment, the rent had increased from $130 per month to $800 per month (the T *had extended close to the apt. complex and real estate in general was going through the roof). *That was a big lesson for me to realize that owning my own residence was a good way to beat inflation.
I bought my house 13 years ago and paid it off this summer. *I don't even pay attention to the price of real estate, it doesn't matter to me. *I now have a cheap place to live ($1,900 for property taxes plus any home improvements).
I don't own REITs or any other real estate. *I guess I'm market timing - I've been mostly in short term securities for about a year. *I think we're heading for a down turn in both housing and the stock market.
Just My Opinion,
-helen
|
|
|
12-28-2005, 06:21 PM
|
#6
|
Thinks s/he gets paid by the post
Join Date: Dec 2002
Posts: 3,875
|
Re: 2005 and 2006
Quote:
Originally Posted by soupcxan
Watch out for pre-payment of a lease...I have thought about doing it for a discount, but there are some risks...the landlord could become insolvent or dissappear with your funds, if there is a problem with the apartment you have less leverage to get it fixed, and if you have to leave early for whatever reason it will be harder for you to get a refund. Something to consider.
|
Whether a renter or a landlord, and no matter which side of any contract you are on, the one who can keep the most cash in pocket the
longest has the leverage. I know of no exceptions to this.
JG
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|