MY Wife and I have no kids and are currently in a large upperclass 4 bedroom 3 bath house.. We have a opportunity to down size to a 3 bed 1 bath house in the country and pay for it cash and not have this large house payment anymore.. Everyone else in my family owns newer homes and I feel that I may be alittle materialistic and I Am trying not to be that away.. Anyway would you leave a nice upper scale home for a little country house but no more large payment? I can make this payment but kinda eats at me the 1st of each month....
2006-12-02 15:32:44 · 6 answers · asked by josephb 1 in Business & Finance ➔ Renting & Real Estate
it is your life, you must live it the way that makes you the happiest. so do what your gut is telling you to do.
2006-12-02 15:35:10 · answer #1 · answered by Mimi 4 · 0⤊ 0⤋
Forget whether one house is nicer than the other for a minute. How would moving to the country affect your work commutes? Would one be much more difficult to sell, if you had to sell? Which one is likely to appreciate more? Have you two tried sharing a single bathroom for at least a month? How will living in the country affect your everyday lifestyle? Can you live without 50 good restaurants that deliver? How about cable, or high-speed Internet--would those be available? (They aren't where I live, in the middle of nowhere, Arizona.) Are you planning on having kids? How do the two school systems compare? How comfortable/familiar are you with septic systems, private or community wells, rural zoning laws, and other things like that? Would you be leaving behind good friends, family, etc? When it snows, how long will it take for the plow guy to come bail you out? How far is it to the nearest hospital? Is the area serviced by a fire station, or would you have to pay to have them put out the flames (as is the case in some parts of Arizona)? Are the police well-staffed out there, or are they stretched so thin (as is often the case in rural areas) that it'll take them an hour to respond to a call? How do you feel about potentially "offbeat" neighbors and no homeowner's association to enforce any rules? I personally love living in the "country," but I work from home, have gotten used to having to drive 60 miles for decent Thai food, and am an avid Netflix subscriber. I'm always in favor of owning versus having debt, but you have to look at ALL aspects of your lives and see which makes the most sense.
2006-12-03 00:03:59 · answer #2 · answered by Anonymous · 0⤊ 1⤋
What makes you think you can sell the house you're in now? Have you been watching the market lately? My guess is that even if you wanted to sell and move to the country, you probably couldn't do it unless you sell the big house WAY under market value. I have had a house on the market for 7 months and there has not been one offer. It is a custom home in a gated community and is competetively priced for the neighborhood. Maybe you'd have better luck than me, but if you can unload it, I say go for it.
2006-12-03 01:41:33 · answer #3 · answered by ashtonk 1 · 1⤊ 0⤋
It is a wise proposal to do away with instalment payments. The larger the house, the larger the instalment payments and the less you enjoy life. Happiness doesn't exist on the outer things but in the inside of one's heart. Eventhough you say you're materialistic, but it seems you are equally wise.
If you start comparing your situation with that of others, then your life will turn out hellish.
2006-12-03 00:09:05 · answer #4 · answered by catcher 3 · 0⤊ 0⤋
Man Move. You can not go damn near in debt trying to please other people. Besides you maybe able to sell off part of the land. You have to think about the long term the money you save now can be put away in a retirement fund. So when social security runs out and people can't afford medicine and there house notes you will be living the good life debt free.
2006-12-03 00:10:52 · answer #5 · answered by Ice Box 1 · 1⤊ 0⤋
Consider the retirement while the choices are open. A
home of large enough size can be reorganized into a garden
club with amenities. Perhaps you really would like to forecast
sports investments and you could put in a putting green. Life
has opportunities if we want them. Talk it over, take your time.
2006-12-02 23:48:41 · answer #6 · answered by mtvtoni 6 · 0⤊ 1⤋