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: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!
You might want to further educate yourself on this topic. Quite frankly doubling your money on real estate in CA. over a 20 year period, would generally be considered a spectacular failure. As for the delusion that the vast majority of the poor return was (as you seem to need to claim) , "TRUE PROFIT", I believe you will find that any competent accountant needs little effort to show you otherwise. Once you are willing to factor in ALL expenses and lost opportunity costs, doubling any R.E investment in a twenty year span is a clear indication that it was an extraordinarily poor decision, given your claim to be a successful R.E investor. In contrast, pre-tax return on a well balance all index stock fund, during that period were well over 600%, with no upkeep, R.E taxes, homeowners insurance etc....
