friar1610
Thinks s/he gets paid by the post
- Joined
- Jun 27, 2002
- Messages
- 1,641
Due to a career that came with frequent transfers and then a move from one retirement location to another,I've had the chance to experience:
- renting apartments
- renting a house
- owning a house, renting it to others for 5 years and returning to it and ultimately selling it at a nice profit
- owning a house, living in it for 3 years and selling it at a modest profit
- renting a house for a year, buying it and then, due to an unexpected early transfer, selling it after a year and just breaking even
- living in government-provided housing
- living in a house for 13 years and selling it at a very nice profit
- living in a house for 8 years and selling it at a significant loss
- living now in a duplex condo
All-in-all I came out significantly ahead financially. Part of that was dumb luck. Part was buying and selling in an era of rising home values. Part was not being greedy when selling (so as not to have the home empty and unsold.) Each was probably the right, or at least an acceptable, decision for the time in our lives. This condo situation seems to be working out pretty well, the only exception being the lack of control over condo fees. At 72 my intention is that my next move will be to a cemetery. But if, at this stage of my life, if I had to move it would be to a rental where someone else did all maintenance and yard work.
- renting apartments
- renting a house
- owning a house, renting it to others for 5 years and returning to it and ultimately selling it at a nice profit
- owning a house, living in it for 3 years and selling it at a modest profit
- renting a house for a year, buying it and then, due to an unexpected early transfer, selling it after a year and just breaking even
- living in government-provided housing
- living in a house for 13 years and selling it at a very nice profit
- living in a house for 8 years and selling it at a significant loss
- living now in a duplex condo
All-in-all I came out significantly ahead financially. Part of that was dumb luck. Part was buying and selling in an era of rising home values. Part was not being greedy when selling (so as not to have the home empty and unsold.) Each was probably the right, or at least an acceptable, decision for the time in our lives. This condo situation seems to be working out pretty well, the only exception being the lack of control over condo fees. At 72 my intention is that my next move will be to a cemetery. But if, at this stage of my life, if I had to move it would be to a rental where someone else did all maintenance and yard work.