04-23-2019, 05:29 AM
We bought because it costs less than renting an equivalent in monthly cash outflow, if handled properly, as long as the house isn't destroyed by a lava flow.
So far we've dodged that bullet.
Plus, we would not be subject to the whims of a landlord.
We intend to die here in this home.
Property values are of no interest to us.
We'll let the heirs sort that out.
Paying the mortgage off is of no interest to us.
Although, if interest rates are still low enough, we might consider refinancing to bring the monthly payments down.
We do want to keep the quality of life and esthetics afforded by our choice of a place to live for the balance of our lives.
So, future proofing our property is in our best interests.
The bank will be having some say in what and how it is done.
We will be meeting with them soon to find out what their roll will be.
That does give me some concerns about how much will be left over for our trip around the world.
EDIT:
Did I forget to add that I spent almost 20 years as contractor.
I do know how the game is played.
I will be the general for all the work to be done.
So far we've dodged that bullet.
Plus, we would not be subject to the whims of a landlord.
We intend to die here in this home.
Property values are of no interest to us.
We'll let the heirs sort that out.
Paying the mortgage off is of no interest to us.
Although, if interest rates are still low enough, we might consider refinancing to bring the monthly payments down.
We do want to keep the quality of life and esthetics afforded by our choice of a place to live for the balance of our lives.
So, future proofing our property is in our best interests.
The bank will be having some say in what and how it is done.
We will be meeting with them soon to find out what their roll will be.
That does give me some concerns about how much will be left over for our trip around the world.
EDIT:
Did I forget to add that I spent almost 20 years as contractor.
I do know how the game is played.
I will be the general for all the work to be done.
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Was a Democrat until gun control became a knee jerk, then a Republican until the crazies took over, back to being a nonpartisan again.
This time, I can no longer participate in the primary.
Was a Democrat until gun control became a knee jerk, then a Republican until the crazies took over, back to being a nonpartisan again.
This time, I can no longer participate in the primary.