Anyone have regrets about having gone full-time?
Anyone have regrets about having gone full-time? We would like to hear about any that have decided that it was NOT the right lifestyle for them and why. Thanks in advance!
Forum Discussion
CKNSLS wrote:Again, and I apologize for harping on this: You realized a 200% PROFIT on every penny you paid for home ownership?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!
The only reason I'm stuck on this is the fact that I would have to sell my house for almost 3X appraised value to get such a return and that is including the fact I haven't been paying P&I for over two years. I too have a custom built home sitting on 10 acres I built 26 years ago and has been paid off for two years now.
I'm just wondering where I went wrong :S
