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Old 08-01-2017, 11:26 AM
 
Location: Middle of the ocean
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Quote:
Originally Posted by jaminhealth View Post
I'd say MOST of you here have high roof over your head expenses that begin to own you...owning house, taxes, repairs etc etc...thank goodness I got rid of the only condo I owned as a single person way back 5 yrs after it "bought me".
I'd say that has been a small price to pay for the increase in equity. Though I'm not sure what a "high" roof is?

The majority of my money has come from an increase in equity.
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Old 08-01-2017, 11:37 AM
 
Location: Southern California
23,747 posts, read 8,259,495 times
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Quote:
Originally Posted by Mikala43 View Post
I'd say that has been a small price to pay for the increase in equity. Though I'm not sure what a "high" roof is?

The majority of my money has come from an increase in equity.
Scratch the word High, I mean roof over their heads. Often down the road when one gets very old, they can't keep up with house repairs, taxes etc. My parents were there when they died in their 90's.

All my friends in their 80's+ complain about the upkeep of their big houses or even smaller houses. My good friend just turned 80 and owns in Palm Desert and her taxes are high, fees for her community, A/C etc etc...but she keeps living there and talks about her struggles, says she'd love to sell and go into apt but never does. So...all choices.
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Old 08-01-2017, 11:52 AM
 
Location: Middle of the ocean
31,654 posts, read 19,968,456 times
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Quote:
Originally Posted by jaminhealth View Post
Scratch the word High, I mean roof over their heads. Often down the road when one gets very old, they can't keep up with house repairs, taxes etc. My parents were there when they died in their 90's.

All my friends in their 80's+ complain about the upkeep of their big houses or even smaller houses. My good friend just turned 80 and owns in Palm Desert and her taxes are high, fees for her community, A/C etc etc...but she keeps living there and talks about her struggles, says she'd love to sell and go into apt but never does. So...all choices.

When I am that age I will probably buy a townhouse or something with less maintenance, IF they will accept my large dog.

Your friend may complain, but it is her choice to be there, so obviously it doesn't bother her that much.

I like the thought of downsizing, and would if I were alone. Heck, I tried to get DH to downsize on THIS house, but he liked the bigger ones better. Now if he would just work less so he can do more maintenance.
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Old 08-01-2017, 12:17 PM
 
Location: Southern California
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My last words were .. all choices.
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Old 08-01-2017, 02:13 PM
 
Location: SoCal
13,227 posts, read 6,331,374 times
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Have you heard of hired help?
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Old 08-01-2017, 04:10 PM
 
29,779 posts, read 34,867,277 times
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Quote:
Originally Posted by NewbieHere View Post
Have you heard of hired help?
And/or having enough money to pay for.
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Old 08-01-2017, 08:17 PM
 
Location: SoCal
13,227 posts, read 6,331,374 times
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Quote:
Originally Posted by TuborgP View Post
And/or having enough money to pay for.
That's the definition of hired help. You have to have money to get the help.
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Old 08-01-2017, 08:37 PM
 
Location: Forests of Maine
30,682 posts, read 49,449,101 times
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Quote:
Originally Posted by jaminhealth View Post
... All my friends in their 80's+ complain about the upkeep of their big houses or even smaller houses. My good friend just turned 80 and owns in Palm Desert and her taxes are high, fees for her community, A/C etc etc...but she keeps living there and talks about her struggles, says she'd love to sell and go into apt but never does. So...all choices.
Of all the people who own homes in the in the Coachella Valley, do you think any of them have low home prices? low taxes? HOA fees? or low utilities costs from running their A/Cs?

There are plenty of places your friend could move to and pay 1/4 as much.

The same goes for apartment dwelling as for being a home-owner. There is no guarantee that either is less expensive. I have owned a lot of apartments.
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Old 08-01-2017, 08:40 PM
Q44
 
Location: Hudson Valley, NY
895 posts, read 765,904 times
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On another recent thread many posters said the choice to not have children was the 'biggest decision they got right'.


We did have kids, 3 of them and that's how and why I know we'll spend less in retirement BUT we'll spend more on ourselves. The costs involved in raising 3 kids- and I wouldn't change a thing have been pretty high. Right now I'm in the middle of offspring #2's college tuition. She has a pretty good scholarship so not too bad. Youngest goes next year and I have much of it set aside so as not to interfere with our retirement plans.


People say they won't need as much because they're no longer saving at the same rate or paying in to social security but the real savings comes after the kids move on.
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Old 08-02-2017, 11:33 AM
 
Location: Fairfax County, VA
1,387 posts, read 690,195 times
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Quote:
Originally Posted by NewbieHere View Post
Have you heard of hired help?
They do wonders. Cleaning people, dog walkers, yard people, pedicure people. This is living!
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