Beryl
Recycles dryer sheets
- Joined
- Jun 20, 2007
- Messages
- 413
Own my house outright. Got rid of the mortgage last year in preparation for FIRE 2 months ago. It is a terrific feeling.
We own our home. Bought it in 1983 and it's been paid for for a few years. It needs updating but we love it and plan to stay. Taxes are low and we can downsize by just not using the 2nd floor (2 BR and a full bath) as we have 2 bedrooms and a full bathroom on the first floor.
When I see so many houses around here for sale for 6-9 months I can see the advantage of renting. I feel for these people who are just stuck and need to move but can't sell.
All at the same time? How does one commute between so many places and maintain them?
Or are you putting in improvements before flipping them?
That's what I felt when I encouraged my daughter to buy her first home, a small town home. There's no way one can build a new home, and in such a nice location, for what she paid.If we can buy a place for less than it costs to build it I see a pretty solid investment.
I have bought only 3 houses in my life. In fact I still live in 2. That last one, it took us several months to set things up to turn it into a home. At this point, I do not see myself moving and settling in another home. Of course unless it is like my daughter's little town home; we could move in with just the content of my minivan.We haven't bought a flipper yet, but it could happen, and I'm sure we'll buy different places for us to live in, but maybe going back to a single home. Problem is there are so many neat house styles and locations to live in.
Nancy Pelosi - is that U? ...I have a house in San Francisco and another one in the wine country, about two and a half hours north of the City. I also have some other residential properties in Sacramento.
Long before my retirement I had friends who would trade in their two year old cars for a new one while I kept my paid-for 10 year old car. My friends would gently chide me that I deserved a new car.My wife was the same way and that's why I'm sitting where I am instead of getting things ready to go to work tomorrow.
Because they "deserved it"? ...Fast forward five years. They're still working. They still have little saved.
I had three pair of slacks, five shirts, two pair of shoes (black and brown) as my work clothes.