I must be the stupidest person alive these days

[djefferis]

Seriously - offered a pretty serious amount for the parents old homestead and haven’t accepted the offer yet.

Wife of course wants me to take the money…I mean - not “life changing” money to me…but would make it a hell of a lot nicer with no mortgage payment every month (or any other debt for that matter) - 2 incomes and a nest egg for retirement.

Don’t know why I just can’t walk away - sentiment I guess. Grew up there - been in family forever it seems like.

One minute I think - I’ll just sell the house - and keep the place and put me a little get away down there - then I think “why”. Why not just sell and enjoy the freedom of being able to move again - and buy a pretty damn nice place in the South. Better weather - have no obligations and I know the wife will be set up whenever I kick off.

Sucks having attachment to physical stuff - wish u could be more disciplined in that regard and just not give a F about holding on to the past. As a gambler - it’s a key trait you need to have - being able to look at only the present/future value and not counting yesterday’s returns. We see a winning streak - we hold on thinking it’s more likely to repeat.

Just hate to sell as a. I know there’s no going back once I do - and b. Know I need to have someplace to park the idle money - and a booming stock market ahead of a presidential election is rarely a good place to do that. Guess boring ass CD or money market - now that rates are somewhat attractive.

 

[str]

Don’t know where you live but in many places your house will appreciate at least as much or more than 4% each year and you do pay yearly taxes on those CDs so more like 3%.
Will you inherit it? Have your parents passed away already? Sorry to ask but these will reflect in costs and ultimately you want to make a decision based on final values if you approach it purely financially.

knowing you can only sell it once and there is no going back, if there is hesitation, you probably need to consider that before making a decision.
Good news is, it sounds like you are in a pretty good place either way. That’s great.
The old adage of measure twice cut once probably works here.
GL with your decision but don’t feel a need to rush it. Right now you’re in a good position either way.
Hope that helps.

 

[djefferis]

Yes - parents passed a few years back.

Problem with the place is it’s an older home and a pretty rural location. It’s all mine - including the remaining loan on it.

I haven’t rushed anything - hell it’s been 7 years since my dad passed and 4 for my mom. This was my dad’s parents family farm - these days just a couple of buildings, an older home that was updated in the 90s and a lot of overgrown land.

The good news - think I finally got a taker on the house - keeping surrounding land (which is basically maintenance free) - and can take what I get from selling house and pay off mortgage and some other bills.

Hopefully that goes through - the house is the difficult bit to figure out. If I sell the house - not many people want all that land (and the cost of it) - but f I sell the land - a lot of buyers don’t value the house at what it’s worth. Land actually brings a pretty decent price for what it is - people wanting hunting ground/recreational property. House is nice - but again old and a bit dated. It’s too nice to rent out (and tried playing landlord - it’s a pain in the ass).

Hopefully it all works out - keep the property and maybe build me a cabin down there someday. Worst case - I can always sell the land - but holding doesn’t hurt me. Holding the house does - figure $350 a month in taxes/insurance and utilities…adds up quickly and again with the mortgage that’s a lot of $$ out every month and nothing coming in.

 

[hurryupandbuy]

pull an insurance job