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Author Topic: almost homeless!  (Read 3707 times)

chaplainrobert

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  • Posts: 96
almost homeless!
« on: July 12, 2013, 09:01:55 PM »
In a good way. I have been trying to sell my s/b for 2 years now. I finally have a contract on it and we are on track to close by the end of the month. It will be such a blessing to get to stop making mortgage payments on something I never even see anymore!
2011 Dodge Ram 1500
2012 Work-And-Play toyhauler
2011 Ducati Multistrada MTS
full timing since October 2011 as traveling healthcare worker

99WinAdventurer37G

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  • Posts: 1150
  • Life's a series of experiences, enjoy every one.
Re: almost homeless!
« Reply #1 on: July 12, 2013, 09:14:20 PM »
It's even good to not be making mortgage payments on one you do see often.
1999 Winnebago Adventurer 37G , Ford V-10
2006 Honda VTX 1300S

SeilerBird

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  • Posts: 10699
  • Everything I state is my opinion.
Re: almost homeless!
« Reply #2 on: July 12, 2013, 10:00:38 PM »
Excuse my ignorance, but what is this "mortgage payment" ya'll are speaking of?

(see the southerner starting to come out in me?)
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99WinAdventurer37G

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  • Life's a series of experiences, enjoy every one.
Re: almost homeless!
« Reply #3 on: July 12, 2013, 10:04:32 PM »
That's something, (a bad, bad thing) that happens to people not smart enough to pay cash for their abode.  ie. living above their means, following their Governments example.
1999 Winnebago Adventurer 37G , Ford V-10
2006 Honda VTX 1300S

halfwright

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Re: almost homeless!
« Reply #4 on: July 12, 2013, 10:10:21 PM »
You aren't really homeless. You are just going to be houseless. You still have your 2012 Work-And-Play toyhauler.
Jim And Darlene Wright
Full-timing with
Ryder, the Ethiopian monkeybeaver dog
and a long-haired vacuum cleaner terrior
All in a
2007 Montana Mountaineer
2002 F250 Super duty 7.3 liter

Jeff

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Re: almost homeless!
« Reply #5 on: July 12, 2013, 10:23:22 PM »
I defined full timing retirement as being jobless, homeless, and on the dole. ::)

chaplainrobert

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  • Posts: 96
Re: almost homeless!
« Reply #6 on: July 13, 2013, 03:19:01 AM »
You aren't really homeless. You are just going to be houseless. You still have your 2012 Work-And-Play toyhauler.

I like the way you think but my home wont be my toyhauler. It is just where I will live until it is finally time for me to go home. Although I may upgrade to something a bit bigger than 18 feet. I am thinking of really living large and splurging on a 24 footer!
2011 Dodge Ram 1500
2012 Work-And-Play toyhauler
2011 Ducati Multistrada MTS
full timing since October 2011 as traveling healthcare worker

chaplainrobert

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  • Posts: 96
Re: almost homeless!
« Reply #7 on: July 13, 2013, 03:28:11 AM »
That's something, (a bad, bad thing) that happens to people not smart enough to pay cash for their abode.  ie. living above their means, following their Governments example.

I see it as a lesser evil than paying rent. I didn't mind making the payments when I lived in it. I didn't buy something with high payments. I remember my banker saying, "you know, you can buy a lot more house than this" to which I replied "just because you can do something doesn't mean you should". I don't regret my time as a home owner (or more accurately I guess, a mortgage holder). It served me well and while I am not making a profit off of its sale, I am not losing money either. What I am accomplishing is positioning myself back on track to retire while still relatively young although I wont achieve it buy 50 which was my goal for a long time. I need at least another 10 more years to work but will still only be 55 by then.
2011 Dodge Ram 1500
2012 Work-And-Play toyhauler
2011 Ducati Multistrada MTS
full timing since October 2011 as traveling healthcare worker

fredv

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  • Posts: 25
  • 2000 Tropi-cal 2006 HHR
Re: almost homeless!
« Reply #8 on: July 23, 2013, 07:48:58 PM »
You sound a lot like us as far as your thinking about what your banker told you. We got the same response from our banker on our home purchase. We just purchased what we hope is our retirement motorhome a 2000 National Tropi-cal . We look forward to retiring in 2.5 years, selling our house and hitting the road . We will both be 55 , jobless , homeless and loving it.

Jeff

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Re: almost homeless!
« Reply #9 on: July 24, 2013, 12:21:04 AM »
The problem for us with planning on retiring at 55 was that by age 54 our ideas of what was comfortable kept going up. At age 58 I took a new job that increased it again. ::)

tstumpf

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  • Posts: 641
Re: almost homeless!
« Reply #10 on: July 24, 2013, 07:51:10 AM »
Congratulations on the contract! It'll be great for you to be free!

-Roni

Rstrahan

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  • Posts: 278
Re: almost homeless!
« Reply #11 on: August 23, 2013, 08:45:43 AM »
I am a RE appraiser and do some sales on the side.  I routinely tell a buyer family to buy less than they can afford.  First, if one party in the family loses a job, they can still stay afloat.  Second, the 2nd wage income can be used to pay off the home quicker.  By adding a bit over one payment a year in principle, you can pay off a 30 year note in between 18-19 years.  That way, when you get our age, you can sell the home, do a reverse mortgage, whatever you want since you actually have equity, allowing you to get out on the road with no home worries.
Roger & Paula
Relocated Texans
2002 Coachmen Class C
Enjoying the sunshine and beaches
Port Charlotte, FL

BigLarry

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Re: almost homeless!
« Reply #12 on: August 23, 2013, 11:04:22 AM »
Excellent advice!  If more folks followed your advice their stress level in their lives would be a lot less.
Larry and Betty
Bryan, Texas
2017 GMC Sierra 2500HD 4x4 Diesel
2016 Cougar 28RLS

Tom Hoffman

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Re: almost homeless!
« Reply #13 on: August 25, 2013, 07:10:42 PM »
I am a RE appraiser and do some sales on the side.  I routinely tell a buyer family to buy less than they can afford.  First, if one party in the family loses a job, they can still stay afloat.  Second, the 2nd wage income can be used to pay off the home quicker.  By adding a bit over one payment a year in principle, you can pay off a 30 year note in between 18-19 years.  That way, when you get our age, you can sell the home, do a reverse mortgage, whatever you want since you actually have equity, allowing you to get out on the road with no home worries.

Sad to say most Real Estate "Professionals" and I use the term loosely.  Do not do as you do.  They only see the
$$$. 

I have had several bad experiences with a couple of them.

Enough said...
Wife said to me. "What cha doin' today?"  "Nothin'" says I.  "Ya did that yestiday!" Says she.  "I didn't get done!" says I

2003 F-350 Super Duty Lariat Dually 7.3 Diesel
2008 34' Sunny Brook, Brookside

 

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