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Are you a home owner?
- Thread starter MrDawn
- Start date
I bought my present home in 1994. It is located at the bottom of a world class ski resort. At the time the ski resort was a ma and pa deal, with rickity old chairlifts and a simple cafeteria.
In 1999 a huge Dutch conglomerate bought the ski hill. They paved the road to it, made parking lots, built 2 four star hotels, built condos, constructed a shopping plaza, put in a gondola, built restaurants including Canada's highest restaurant, etc. (7,850 feet altitude)
My home is now all paid for and is worth 9 times what I paid for it, due to the location and work that I've done on the property.
In 1999 a huge Dutch conglomerate bought the ski hill. They paved the road to it, made parking lots, built 2 four star hotels, built condos, constructed a shopping plaza, put in a gondola, built restaurants including Canada's highest restaurant, etc. (7,850 feet altitude)
My home is now all paid for and is worth 9 times what I paid for it, due to the location and work that I've done on the property.
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Been a home owner since March 2008 after settling my mother's estate with my half-sister; currently pay about $625 a month on the mortgage.
No because I can't afford it. I always thought home ownership was snobbery until I saw sense and realised property is a good investment.
I own my house. Never thought I’d be able to buy one until I unexpectedly received some inheritance money, enough to pay 50% of the purchase price as a down payment. So that’s what I did. As a result I have a ton of equity in my house and my mortgage is way cheaper than what the average person pays around here.
Smart move. Should be primary goal. Retiring in a paid off house is the shiznitz !!!
You can do that as a renter you just have to cover up everything you did before you leave.Yes.
For one thing, owning appeals very much to my independent nature; and if I want to turn a jacuzzi into a cat box or drive a nail in the wall, or forty...no problems.
Congrats!
Well you're both west coast peeps where the wages are higher. Save up that west coast money and move to the south or the mid-west where they're practically giving houses away.
I'd...rather live on the west coast, thank you.Well you're both west coast peeps where the wages are higher. Save up that west coast money and move to the south or the mid-west where they're practically giving houses away.
Same here but I visited the south & mid-west last month and I was pleasantly surprised. There was tons of stuff to do, cool sights to see, the people were really friendly, everything was cheap. I can see why people would want to move out there. If I ever ended up out there it wouldn't be so bad. That being said I have no plans to move at the moment.
Umm. Hate to point out the obvious, but the South doesn't like me...Well you're both west coast peeps where the wages are higher. Save up that west coast money and move to the south or the mid-west where they're practically giving houses away.
My biggest issue is politics. I'd have to live in a very not conservative area or that shit just won't fly.
True the more liberal parts of the south are usually big major metropolitan cities and those aren't cheap to live in. Maybe cheaper by our standards, but still not as cheap as you'd want them to be.
Correct. Best not to move that way
I will sacrifice living in a more expensive city/apartment over buying a home in a cheap area and living amongst nut jobs.
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