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Old 02-13-2012, 01:19 PM
 
Location: Excaping from California
5 posts, read 17,593 times
Reputation: 10

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Just imagine a conveniently deceased eccentric rich uncle you never heard of has just left you $1,000,000.00 with instructions to move to Charleston, buy a house, and spend the remainder as you please. All things considered, where would you choose to live in Charleston?
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Old 02-13-2012, 01:36 PM
 
Location: Summerville
7,934 posts, read 15,058,835 times
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Well since buying a house IN Charleston will eat up most of that 1M, you won't have much left to live on so you better get a job....

Now if you expand it out to the greater Charleston area, I would buy about 50 acres on the lake and build my dream cabin at the lake...
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Old 02-13-2012, 02:31 PM
 
Location: Excaping from California
5 posts, read 17,593 times
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Quote:
Originally Posted by OleTomCat View Post
Well since buying a house IN Charleston will eat up most of that 1M, you won't have much left to live on so you better get a job....
Now there's a dreadful idea. I wouldn't dream of depriving someone else of a job.

Quote:
Now if you expand it out to the greater Charleston area, I would buy about 50 acres on the lake and build my dream cabin at the lake...
Thanks for the advice, Tom, but my deceased uncle (and wife) are pretty inflexible.
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Old 02-13-2012, 04:28 PM
 
Location: Daniel Island SC
870 posts, read 1,425,107 times
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Which lake?
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Old 02-13-2012, 05:15 PM
 
Location: Mount Pleasant, SC
1,541 posts, read 2,253,075 times
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I would buy a house on Isle of Palms outright, then rent it out in the summer to help fund my living expenses during the rest of the year. I would expect to have to work, as well though.
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Old 02-13-2012, 05:30 PM
 
543 posts, read 1,021,428 times
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Daniel Island area
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Old 02-13-2012, 08:08 PM
 
Location: Excaping from California
5 posts, read 17,593 times
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Quote:
Originally Posted by roxanneself View Post
I would buy a house on Isle of Palms outright, then rent it out in the summer to help fund my living expenses during the rest of the year. I would expect to have to work, as well though.
I had retired friends who did that every summer. They hopped into their camper and drove all over the country. It was a good life for gypsies. They would meet up with other gypsy friends at the KOA parks.
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Old 02-13-2012, 08:15 PM
 
Location: Mount Pleasant, SC
1,541 posts, read 2,253,075 times
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Quote:
Originally Posted by Plumb Tuckered View Post
I had retired friends who did that every summer. They hopped into their camper and drove all over the country. It was a good life for gypsies. They would meet up with other gypsy friends at the KOA parks.
Even without a camper some of those KOA cabins have gotten pretty fancy. If my kids were grown and my dogs were about a hundred pounds smaller I would consider it!
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Old 02-14-2012, 11:05 AM
 
Location: Mt. Pleasant, SC
2,525 posts, read 7,178,500 times
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$1M? I'd buy a fixer-upper as close to Battery Park as I could get, hopefully with the possibility of a water view. If there weren't any available, I'd likely focus on Harleston Village or South of Broad, and look for the homes with the largest yard possible. There are some nice ones on Broad Street, Queen, King and Bull that I'd love to have.

If the goal was to maximize the use of the cash to save for cost of living, then I'd also look at less expensive homes/fixer-uppers in Wagener Terrace and Hampton Park Terrace.

If the goal was to generate yearly income, I'd buy the commercial listing at 27 Broad street next to Oak that has shops downstairs, and apartments above it, live in one of the apts, and lease out the rest of the bldg.
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Old 02-14-2012, 03:51 PM
 
Location: Here, finally
1,186 posts, read 1,598,603 times
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Quote:
Originally Posted by DJShymansky View Post
If the goal was to generate yearly income, I'd buy the commercial listing at 27 Broad street next to Oak that has shops downstairs, and apartments above it, live in one of the apts, and lease out the rest of the bldg.

I LOVE this idea!
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