My dilemma (properties, contract, cheaper, interest rate)
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A lot of work building this place, the snow sure is pretty though
Yep, you'll get a lot of lake-effect snow up there! Hopefully, now that it's closed-in, you can soon move out of the camper and into the house. That should help.
EDIT: You'll want to make sure that you keep your upstairs deck shoveled so that the snow doesn't get too deep on it. Snow can get very heavy! I once needed to get someone to shovel the snow off of our cottage roof. Better safe than sorry.
A lot of work building this place, the snow sure is pretty though
Looks like about a $300k house in many parts of the country, but if you say it will sell for $1.2 Million when done, then I'll take your word for it.
Yes, it is a scenic lot with nice view. I assume your lot is the part that is cleared, and that the part that is not cleared belongs to adjoining land owners?
I don't see any garage or storage building of any kind. Where will you keep your vehicles and snowblowers, shovels, lawn equipment, tools, etc?
Our main disconnect is that she works in Chicago so she gets regular urban visits, at the same time I didnt realize how I would feel living in a rural area.
The main point (I suppose) of initial post is to get opinions as to whether I should weather the storm and hope rates come down, and that I adjust to a slower life or cut my losses in favor of a more simplified life.
Quote:
Originally Posted by mayfair
That's valid, and you can't know how living in a rural area will feel until you do it.
strongly disagree!
If you don't know yourself a whole lot better in your mid-50's or late 50's or early 60's or mid-60's - then you are way behind the curve and do not really know yourself on a significant level.
I think one axiom resulting from paying $650,000 for the lot and tons of money in building a house and getting into deep financial trouble is that you do not need to do something BIG leading into retirement or at the beginning of retirement.
(I realize the OP has taken a new job (near the camper/RV in which he is living??) paying $3000 something per month and his wife is still working in Chicago)
This is what happened to small general contractors the last time the music stopped. They were stuck with their inventory and needed the cash so prices went way down. Hopefully OP can get himself out of this (fast).
If you don't know yourself a whole lot better in your mid-50's or late 50's or early 60's or mid-60's - then you are way behind the curve and do not really know yourself on a significant level.
Rural areas are so different now than they used to be, so even people in their 50s and 60s with childhood memories of rural lake houses in the summer (or even fun rural childhoods roaming the countryside) will find a very different rural environment if they go to retire to fulfill a lifelong dream of returning to a rural area.
So, I still think it's hard to know until you live there. People find the same with cities. Or moving south to get away from snow and finding they miss the culture and food up north more than they enjoy the lack of snow. It's all live and learn.
It doesn't sound like this move was OP's idea or decision, so I don't think we need to beat him up too badly for not knowing himself. Also, a LOT of us in our 50s and 60s are confused about where to retire... Just look at City-Data! OP, could you possibly go into the city with your wife so that you get your urban fix, too? I guess not now that you're working again...
Last edited by otterhere; 11-18-2022 at 04:35 PM..
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