Forum Discussion
- 2oldmanExplorer II
MookieKat wrote:
According to the city shown below his username, Ft. Gibson.
WHERE are you living???!!!!! - 2112Explorer II
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 - MookieKatExplorer
teamfamily5 wrote:
We have been fulltiming for 2 months almost no regrets we live in a gated community somthing we would not be able to afford in a stick home next to a lake and a mountain view and 15 min to the ocean and beach 75 degree days and 60degree nights loveing life :)
WHERE are you living???!!!!! That is exactly what we are looking for!!!
Sounds like somewhere in CA!! - teamfamily5ExplorerWe have been fulltiming for 2 months almost no regrets we live in a gated community somthing we would not be able to afford in a stick home next to a lake and a mountain view and 15 min to the ocean and beach 75 degree days and 60degree nights loveing life :)
- BarbaraOKExplorer
CKNSLS wrote:
Back on topic-I will never go full time-you don't get appreciation from something on 4 wheels-usually!
So why are you posting in this thread since you have nothing Germaine to the question the OP asked?
Guess i'm also curious as to why you would spend time in this section on fulltiming?
Barb - texasclarksExplorer
drsolo wrote:
"Think of trying to get 150 hormonally driven, rebellious, mouthy teenagers to take out the trash... all at the same time".
Quote of the day!
Exactly! Thank you to all the teachers who do it for the joy of teaching...it is definitely not the $$. - CKNSLSExplorer
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! - 2112Explorer II
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. - drsoloNomadThat said, I have never known a teacher who did it for the money. Teaching comes from the heart. Hats off to ALL teachers!
Thank you. Teaching is more like a 1 person performance which requires audience participation, an audience that doesnt want to be there or participate. It can and does lead to burn out, one reason teachers need more "time out" like the military does when they cycle back home. I tell people who think teaching is easy "Think of trying to get 150 hormonally driven, rebellious, mouthy teenagers to take out the trash... all at the same time". - Dog_FolksExplorerI guess my family does this inheritance stuff differently.
My parents left me virtually nothing. My dad did leave me a full wood shop full of tools. BUT while I was growing up, I had every advantage, private school education, new cars, etc. Anything I could possibly want.
When my dad said: "I am not going to due a rich man" I responded with, "Dad I do not want anything, you have already given me everything my entire life."
We have done the same thing when we retired. My son got the very same tools, but that is about all he will see. I did provide him a good childhood and a good start in life, however.
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