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  1. #21
    hills's Avatar
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    Our place is pretty modest. It's just a wee bit under 1,200 sqft with a full 8' basement. It was adequate for a family of four and a bit more than what we need now that the boys are grown and it's just my wife and myself.

    We've got about 1 1/2 acres. Location is in one of the more desirable parts of town.

    It varies here. The houses that are only used seasonally can run a bit big but the year round places are smaller and more energy efficient. The cost to build new runs around 500.00$/sqft and the minimum lot size is one acre.



    My retirement strategy is to own everything outright within a few years. You don't really hit your stride till you're debt free.

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  3. #22
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    Quote Originally Posted by hills View Post
    You don't really hit your stride till you're debt free.
    We got a 2.75% loan rate. I fully expect for inflation to outpace the loan over the next several years, perhaps by a large margin if things go badly this November.

    We will have no other debt than this home, and I think I can do better with our liquidity through prudent investing.
    Out of clutter, find simplicity. --Albert Einstein

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  5. #23
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    Quote Originally Posted by auminer View Post
    We got a 2.75% loan rate. I fully expect for inflation to outpace the loan over the next several years, perhaps by a large margin if things go badly this November.

    We will have no other debt than this home, and I think I can do better with our liquidity through prudent investing.
    I have been thinking about taking out a mortgage on both of my places even though they are paid off just to invest the money. I have not had a mortgage for over 20 years and have to admit it is a great relief when you retire. My first mortgage was over 10% back in the early 80's. 2.75% seems like a no brainer, but the market might tank depending on the results of the election in November and what the Coronavirus does to our society.
    Give back more to this world than we take.

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    Quote Originally Posted by Patriot76 View Post
    I have been thinking about taking out a mortgage on both of my places even though they are paid off just to invest the money. I have not had a mortgage for over 20 years and have to admit it is a great relief when you retire. My first mortgage was over 10% back in the early 80's. 2.75% seems like a no brainer, but the market might tank depending on the results of the election in November and what the Coronavirus does to our society.
    There are ways to profit on a tanking market, but they are a bit trickier than prudent investing in a rising market.

    Then there's always the contents of the 50 cal box.

    As well as the vial of beautiful yellow metal I pulled out of the Colorado mountains. I can't get to that on a whim at the moment, or I'd shoot a picture of it, too... but neither can anyone else.


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  8. #25
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    Quote Originally Posted by auminer View Post
    There are ways to profit on a tanking market, but they are a bit trickier than prudent investing in a rising market.

    Then there's always the contents of the 50 cal box.

    As well as the vial of beautiful yellow metal I pulled out of the Colorado mountains. I can't get to that on a whim at the moment, or I'd shoot a picture of it, too... but neither can anyone else.

    Did you find the buried treasure based on the clues? I forgot the name of the man that buried the treasure and started the Great American Treasure Hunt. If so it explains your mansion.

  9. #26
    auminer's Avatar
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    Quote Originally Posted by Patriot76 View Post
    Did you find the buried treasure based on the clues? I forgot the name of the man that buried the treasure and started the Great American Treasure Hunt. If so it explains your mansion.
    Not me! I think the guy just called the game to prevent more idiots from killing themselves looking for it.


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