
Originally Posted by
auminer
This is definitely upsizing... Combination dreamhouse and a (mostly) inflation-resistant investment. At 2.75% interest I'll let the bank keep the deed for 29.999 years, too!
Congrats on the new home.
They say everything is bigger in Texas !
IDK .... maybe it's just different worlds but that seems awfully big to an Easterner. The first thing that comes to mind is how could i ever afford to heat it here in the winter. The second is the costs of ownership. Just the cost of re-shingling the roof would be around 30-40 K. in this area.
Every location is different. Is there any way you could break it up into one main living area and an apartment -or- apartments ? Rentals don't always go smoothly, but they are income producers when they're done right. They might even pay your mortgage for you. That's one of the strategies for owning a big place in this part of the country.
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