Forum Discussion
CKNSLS
Sep 08, 2013Explorer
2112 wrote:CKNSLS wrote:I'm curious: Is this considering purchase price and selling price alone or does this also include every penny you put in the house over the 20 years?
I just retired form Southern California a year ago. I sold my home (of 20 years) in Southern California for double the price I paid.
Such as interest paid, taxes, insurance, upkeep? New roof or flooring? Water heater or an air conditioner/furnace? Maybe HOA fees? Install a new pool maybe? You should include that $2000 lawn tractor and other lawn tools if purchased, or lawn fees paid for someone else to mow.
All of that applies when considering true profit, but I'm sure you knew that.
All things considered, I can sell my house for over double what I paid for it but I have at least 4X paid into it. My only profit is the satisfaction and pride of home ownership. But that wasn't free :(
Back on topic: I have never gone full time and most likely never will so I have nothing to add. Sorry to drift off-topic again.
House was new when I bought it. Consequently, no capitol repairs. The vast majority was TRUE PROFIT. In addition to my home, I own several rental properties, so I am quite familiar with ROI, CAP rates, etc.
Back on topic-I will never go full time-you don't get appreciation from something on 4 wheels-usually!
About Full Time RVers
1,587 PostsLatest Activity: Dec 28, 2024