Kimo
Recycles dryer sheets
Count me in the group that says go for it!!
This reminds me to go clear out my 2 car garage to have room to park in it. more space = more junk. I wish I had a smaller house right now.. more time to travel.
Oh, and how can you make 300k+ and still be in debt? wow.
Well, consider my suggestion of looking for a warehouse space to fix up. You could always lease it with tenant improvements paid by the lessor.
Keep in mind that, if you choose, while you can always later sell the larger house, that larger homes are much less liquid than smaller ones. I have two friends with large homes they would rather not have.
One built a very large, I would term mega-home he built when he sold his company and retired (after the financial crisis he had to go back to work). He recently told me that he would like to move into a more affordable home, but there are so many homes in his neighborhood on the market now. Everyone who did not have to sell during the financial crisis, and was waiting for house prices to rise, now have their homes on the market. And while low cost houses sell quickly, those in his area remain on the market for a long time.
Another friend with a large home, unexpectedly got laid off. Rather than proud of their expansive overly fancy digs, they seem to be a bit envious of their more frugal relatives that have smaller and paid off homes. They plan to sell eventually too. Where they will put all their furniture I don't know.
Maybe means you can get some really big homes cheap, but then again they are hard to move for a reason, that upkeep.
Just my two cents...
+1 and who needs more furnitureRent a separate garage. You can work on your cars and hang out with your buds. Who needs a 4000 square foot house?
If we buy it, I will have to retire from this forum.
In the traditional sense, we can absolutely afford it. I have been making 300k+ the past few years and should at least make 200/250 a year for the next few years.
There is an open house today for a home in the next town. $500k house, 4,000 sq ft, newer construction, 2 acres, 2 car attached garage plus a 2 car separate garage. Also is close to a very nice downtown area and a park we love.
In the traditional sense, we can absolutely afford it. I have been making 300k+ the past few years and should at least make 200/250 a year for the next few years...
This reminds me to go clear out my 2 car garage to have room to park in it. more space = more junk. I wish I had a smaller house right now.. more time to travel.
Oh, and how can you make 300k+ and still be in debt? wow.