Do You Rent Or Own The Home You Live In?

Discussion in 'Retirement & Leisure' started by Babs Hunt, Apr 22, 2017.

  1. Frank Sanoica

    Frank Sanoica Supreme Member
    Registered

    Joined:
    Feb 21, 2016
    Messages:
    9,297
    Likes Received:
    10,619
    @Holly Saunders
    Would that be where the rain falls mainly on the plain? How arid, anyway?
    Frank
     
    #106
    Don Alaska and Holly Saunders like this.
  2. Hal Pollner

    Hal Pollner Veteran Member
    Registered

    Joined:
    Feb 11, 2018
    Messages:
    6,161
    Likes Received:
    4,368
    Yes, Shirley...but the requirements still apply.

    Hal
     
    #107
  3. Hal Pollner

    Hal Pollner Veteran Member
    Registered

    Joined:
    Feb 11, 2018
    Messages:
    6,161
    Likes Received:
    4,368
    I forgot to mention it in my earlier post, but our High Desert home has a Concrete Tile roof, Stucco exterior walls all around, and exterior walls made with 2x6 Studs, not 2x4's, which allow Extra Thick Insulation Batts, insulating our walls from outside temperature extremes.

    Thus we have a low maintenance home which keeps us comfortable the year 'round!

    Taxes and Homeowners Insurance are no problem, with my generous Retirement Income from a 37-year Boeing Pension and Socialized Security.

    Hal
     
    #108
    Frank Sanoica likes this.
  4. Shirley Martin

    Shirley Martin Supreme Member
    Registered

    Joined:
    Jun 9, 2015
    Messages:
    55,628
    Likes Received:
    23,289
    Socialized Security?
     
    #109
    Frank Sanoica likes this.
  5. Frank Sanoica

    Frank Sanoica Supreme Member
    Registered

    Joined:
    Feb 21, 2016
    Messages:
    9,297
    Likes Received:
    10,619
    @Shirley Martin
    Nah, it's Socialist Security!
    Frank
     
    #110
    Shirley Martin likes this.
  6. Beth Gallagher

    Beth Gallagher Supreme Member
    Registered

    Joined:
    Jan 11, 2018
    Messages:
    20,310
    Likes Received:
    42,301
    We own our home and it has been mortgage free for over 10 years now. It's too big for the 2 of us since the children are all grown and gone, but the thought of moving is unappealing for many reasons.
     
    #111
    Frank Sanoica and Ken Anderson like this.
  7. Hal Pollner

    Hal Pollner Veteran Member
    Registered

    Joined:
    Feb 11, 2018
    Messages:
    6,161
    Likes Received:
    4,368
    Nice Cottage, @Babs!

    Do you use that hammer in the kitchen for tenderizing your steaks?

    Cheers,
    Harold
     
    #112
  8. Lon Tanner

    Lon Tanner Supreme Member
    Registered

    Joined:
    Apr 14, 2016
    Messages:
    5,596
    Likes Received:
    5,314
    I pay monthly rent for my one bedroom, one bath, living room, kitchenette apartment. Two of my homes were sold in the past five years.
     
    #113
  9. Ken N Louis

    Ken N Louis Veteran Member
    Registered

    Joined:
    Nov 19, 2015
    Messages:
    261
    Likes Received:
    537
    Mortgage....will own it in 10 years
     
    #114
    Frank Sanoica likes this.
  10. Hal Pollner

    Hal Pollner Veteran Member
    Registered

    Joined:
    Feb 11, 2018
    Messages:
    6,161
    Likes Received:
    4,368
    People say to me; "You're lucky, Hal...having your home paid off!"

    Lucky? That's an insult!

    Luck had absolutely nothing to do with it... it's the result of PLANNING!

    When I began working in the Aerospace Industry, I took advantage of the matching amounts from my employer that went into my payroll savings, and added to it.

    Through my 36 years with McDonnell-Douglas and Boeing, I never once dipped into that increasing, interest-compounding fund, and upon retirement, I had a pile that required a moving van to take to my Bank!

    I paid a huge amount down on our retirement home, then paid off the 30-year mortgage in 12 years by doubling and tripling the Principal.

    I don't like car payments either, so I pay cash for 'em.

    When you live in a home and drive a car, it's unnatural to have to pay someone else for those priveleges!

    Nobody should have any stake in your home or car beside yourself!

    The new Millennial Generation should get jobs with Big Corporations who can afford to pay good salaries and offer good Savings Plans...I said SAVINGS PLANS, children!

    Then don't be a fool and buy a new car every few years...keep your car for a long time, then pay cash for a late-model low-mileage USED car.

    You can enjoy a financially secure retirement if you use your heads!

    Harry
     
    #115
    Last edited: Aug 4, 2019
  11. Jerry Adams

    Jerry Adams Veteran Member
    Registered

    Joined:
    Mar 11, 2019
    Messages:
    214
    Likes Received:
    399
    A-MEN brother Pollner
     
    #116
    Hal Pollner likes this.
  12. Bess Barber

    Bess Barber Veteran Member
    Task Force Registered

    Joined:
    Jun 8, 2019
    Messages:
    3,760
    Likes Received:
    7,600
    I didn't plan. I really thought I would be rich by now.
    I was wrong. :(
    Not unhappy though. I really enjoy my life.
     
    #117
    Frank Sanoica and Holly Saunders like this.
  13. Shirley Martin

    Shirley Martin Supreme Member
    Registered

    Joined:
    Jun 9, 2015
    Messages:
    55,628
    Likes Received:
    23,289
    @Hal Pollner , you are lucky that you had the foresight to do all that and the wherewithal to follow through.
     
    #118
    Frank Sanoica and Hal Pollner like this.
  14. Holly Saunders

    Holly Saunders Supreme Member
    Registered

    Joined:
    Nov 16, 2015
    Messages:
    51,949
    Likes Received:
    17,919
    Hal... I'm the same as you, I never take out finance on a car...always pay cash upfront... I did it once many years ago..took 3 years to pay that car off..and I swore then, never again!!
     
    #119
  15. Hal Pollner

    Hal Pollner Veteran Member
    Registered

    Joined:
    Feb 11, 2018
    Messages:
    6,161
    Likes Received:
    4,368
    When I was discharged from the US Army in 1962, I decided to establish credit by buying a car on the installment plan.

    I bought a brand new 1963 Chevrolet Impala Hardtop V8 and financed it on a 24-month plan.

    I quickly got tired of paying a Finance Company and paid it off in a year. Never again!

    Hal
     
    #120
    Frank Sanoica and Holly Saunders like this.

Share This Page