Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next
Author: gdett2 Big red star, 1000 posts Old School Fool Ticker Guide Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 294  
Subject: Re: What To Do Date: 6/30/2011 1:03 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
RockyFaher,

You are asking a question that is part financial and part lifestyle.

On the financial side: You will have more insurance, repairs, taxes, utilities, etc to pay. You may find a great deal that will pay-off however, home prices may continue to drop because of ongoing defaults.

Financially, you can use a spreadsheet, calculator or a sheet of paper to figure out which scenario might be better.

On the lifestyle side: Do you know exactly where you want to retire? Would you possibly find another area you like better? Will you use this place as a vacation home? Would having the extra home cause more worry for you because of vandalism, burglary, hurricanes?

The lifestyle choice is the tough part. To do that you need to get your facts together and sit down with your spouse and find out what is important to both of you. Talk about all the pros and cons, likes and dislikes. Then you should be able to make your decision.

I don't believe knowing what someone else would or might do can really help you decide this one. I know I wouldn't have wanted to follow some stranger's ideas for our retirement.

What I will say is my wife and I took over 6 years going to different areas and looked at about 200+ ranches before we found what we were looking for.

Gene
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next

Announcements

2013 Feste Award Voting Begins!
Who will win the 2013 Feste Award? Vote now for the Fool that most exemplifies the Fool Community mission of Learning Together!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Tax Strategies

TMFPMarti-Feeling Good
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement