Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 01-06-2008, 01:41 PM   #41
Thinks s/he gets paid by the post
Rambler's Avatar
Join Date: Jul 2007
Posts: 2,081
First house was about 1.5x, which we bought to rent out, expecting to live in it some day (age 25)...never actually lived in it. There were a couple more rentals bought, but our next one to live in was 3.8x or so(age 31), paid it off after a few years by selling rentals that were headaches, and we still have that one. The next one was built, not bought, over a 4 year period, and we paid for the work as it was done, no mortgage. I know not everyone can do that, but we have been very fortunate (bought the land and started the process at 40).

I'm pretty sure this is the last one until we can no longer care for it...a long way off yet. No more mortgages for me though...I hate debt....with a passion.


Rambler is offline   Reply With Quote
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 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!

Old 01-06-2008, 01:45 PM   #42
Thinks s/he gets paid by the post
Rambler's Avatar
Join Date: Jul 2007
Posts: 2,081
Originally Posted by ziggy29 View Post

...I decided years ago to let the Joneses win.
Fine, as long as your spouse's name is not Jones...

Fortunately DW's is not.


Rambler is offline   Reply With Quote
Old 01-06-2008, 05:12 PM   #43
Thinks s/he gets paid by the post
SteveR's Avatar
Join Date: Jul 2005
Posts: 2,803
First house was 1976. It was 0.5 of our combined income.
House 2--Different state..1X our combined income.
House 3--Different state..1.5 of our combined income.
House 4--Different state..1.5 of our combined income
House 5--Same city.........0.8 of my income (post divorce)
House 6--Different state..2X our combined income(new partner)
House 7--Different state..2X our combined incomes

This does not count second home which was 1.5X dual income and was sold last year for twice what I paid for it in 2002.

We plan on selling house #7 (current home) this year and moving to one that is smaller.

I only had PMI once...first house. The other homes except for #3 I made some money on. #3 was a large loss so we started over again on equity in house #4. The other homes were purchased with at least 25% down. House #8 will be cash.

Work? I don't have time to work....I'm retired.
SteveR is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Where was that great website about home price trends? spncity FIRE and Money 5 12-31-2007 08:34 PM
2005 Gross Income Survey Danny FIRE and Money 9 11-27-2005 04:22 PM
What percentage of your gross income do you save? SLC Tortfeasor Young Dreamers 152 11-03-2005 07:12 AM
Bill Gross calls CPI fraudulent haha FIRE and Money 1 10-13-2004 12:12 PM
Home Price Appreciation Forecasts Hyperborea FIRE and Money 0 09-05-2004 09:19 AM


All times are GMT -6. The time now is 02:12 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.