mmmmm...beer

https://www.instagram.com/p/DK1-zSls1yO/?igsh=YTQ2OThsZ2YydXJv This is why I'll rent for the rest of my life. Not worth it to buy any longer. Too expensive to just throw scads of money after interest. I can rent the house for $3000 or "buy" it for $4800 (ie rent it from the bank). Buying is good for kids as it forces savings. Though honestly... ave ror is 4%... So damned near any ETF worth it's salt crushes housing ROR by double to triple. Not to mention.... All that interest... levies... doubling homeowners insurance, maintenance, repairs. Being locked in to that location forever. $10's of thousands to have some woman/dude in a leased Caddy have some intern take some pics and write a paragraph or two of your place. Oh... Let's not forget she sits there while the title company has you sign 18 documents. The "American Dream". A scam put forth by banks and realtors to get their money for nothing and their chicks for free. Take that extra "savings" from renting and just throw it in a SP500 ETF like VOO or whatever. Averages a rate of return +12% since the 1950's.

226.... 2nd highest weekly eveh. Congrats...

Now... I do reserve the right if it all blows up... I have enough liquidity to drop on a few houses. But for personal homes... Meh. Unless of course Mrs...beer beeches too hard. Then I assume I'll have to find a property she can raise her chickens and bees in her retirement.

Yeah I'm talking about moving... For real. Not like.. for a month at a time. My main point to the whole thing is that buying a house isn't the end all be all. If you already have the nest egg... Why? We sold our house June 2024. After maxing out our Roth's for the wife and I last year... And this year .. plus giving each of our girls $5k I to a UTMA, I dropped $205 into SCHG. It's currently sitting at $267 in what...17 months? Not yo include what we made on the Roth's and the girls UTMA's. There's no way I'm dropping that back into a house. Having that capital to invest now should crush any return on a house.

Nobody said you can't travel. Wtf you talking about wonder? Hahah.. I mean locked into a spot for the length of your mortgage. Obviously you can rent it out etc... that's not the point.

You didn't really seem to read anything I wrote. You have a preconceived notion. Again... Nothing wrong with what you did. It's fine. It may not math what you think it mathed though, but whatever. You don't seem to care. Which again... is fine.

Yeah... If you itemize... Which honestly ain't that easy to beat the standard deduction for married couples anymore.

Hoe is renting "throwing money away"? I have a place to live with no hassles. How much did you spend on your house, total cost? How much did you pay in interest the last 30 years? Your house doubled... In almost 30 years? I'm not trying to say you've done anything wrong. I'm saying there is an alternative. If Almost 30 years ago... You started renting. And put the savings of buying/vs renting to include all maintenance, repairs, interest, levys, taxes... Etc... into the SP500? Compounded almost 30 years. Feel like you have an idea of what you think and can't see past that. The "throwing money away" each month statement is a little bit of a tell. Just a little math we're never shown.

Here's just a curious question. For those of you with parents left, you think you are going to get any inheritance? I'm not trying to be morbid, just thinking about life. I assume in the next decade my parents will all be gone. My Mom and Dad where never married. Mom was married 2x previously and is on her 3rd marriage now. For most of her life, she's had nothing. Now... she's in her 70's and probably has around $300k to her name. She lives off the ror from that. Lives in a 1 bdrm rental. She's asked when she does I disburse her money to her 3 sons. Her money has lasted her -$2k monthly draw for what 5 years now? And stayed about the same or gone up a little... So I guess maybe a little said and done there. I just want her money to last her. Her first husband stayed in my life... He has been married and divorced 5x. He lives alone in a paid for condo in North Dakota. I'm the exector for his will. I assume my brother and I will split whatever we can sell his truck and condo for. Maybe $100k each? He's in his mid 70's. Doesn't take care of himself physically. I'm sort of shocked he's still around. My Dad... I met when I turned 18. He came toy HS graduation. We've kept in contact since. He did fairly well for himself. Started a flooring business from scratch. Sold it to my brother on that side ladt year for $700 I think. But he and his brother in law bought apt complexes in the Baaken oilfield 20 years ago. I think he's a multi millionaire. (Maybe he can pay some back child support since he didn't give me a dime growing up). He has 5 kids and I'm apparently full share in his will. So... Maybe a couple hundred there. All said and done... Most likely somewhere around $300-500 in the next 10 years I'd guess. Granted... I haven't taken a dime from these folks for anything since I left home at 18... So I'm not "looking forward to my loot" as it is... Just thoughts on what's going to go down sooner than later I guess. Other than Dad... There wasn't any plan at all about their future and old age. I'm just happy there aren't living in a shack in my backyard, though I've been a bit worried about that. When these events all occur I assume we'll just throw it all into brokerage accounts and/or pay off the kids student loans as they come... Or down payments for their first homes as wedding gifts. The second dreaded part of that is, having to figure out all their estate stuff. Ie...sell all their stuff. Get their affairs in order...funeral arrangements etc. For at least 2 of them anyway. Pops has his stuff squared away. Wife has a similar situation in Puerto Rico. Two aunties own 2 houses on the island, fairly close to each other, but hoarders too. So much crap to do down there when the time comes.

I've something similar back in North Dakota. My Grandma's house on my Mom's side. It's an old farmhouse. Doesn't even sit on a concrete foundation. It's on 2 acres. I have a couple of my cousins living in it now, fixing it up and maintaining it. Mom is the youngest and last living of the 14 kids. Once Mom passes there's a pretty good chance I'll have it torn down. Lots of great memories in the house, but it's about done... Has to be close to 100 years old. To fix it would cost danged near as much to knock it down. Pour a foundation for a decent stick built modular. That's if I ever want to go back to North Dakota... Which we haven't lived in since we got married 24 years ago. So... slim chances... Mom just gave it to me... So I end up paying the $700 a year in property tax.

House passed it... Headed to Trump to sign it. Get back to the office you slackers... IE .. my wife. She's been cramping my retired style for 41 days in a row!

I don't know that is a great investment for as much as you pay for interest on the front end and all the expense that goes with it. I think the forced savings is more the real draw.

I've had a couple rental homes with my Pops. Not a fan. I found it more of a pain in the ass. But I have no qualms for folks that want to get income like that. Shoot Pops has what... 3 or 4 6 -14 plexes at one time in the Baaken.

That's really the only thing that's good about it. Paint the walls... Knock that one down I stead. Redoo those bathrooms. Yup... done all that. Don't care anymore. Slap a favorite rug and wall art in the room and call it good.

That's a fun plan... Much of what we end up doing will depend on where the kids end up.

Right we're the same... and ...why on earth would you put all that capital into a non liquid "asset". That takes quite a bit to maintain.... And really makes no money for you. Every $100k can "on average" produce $12k a year sitting in the SP500.

Right... We have enough of a nest egg now, we don't need the forced savings. Being mobile is worth more to me than sitting in one spot.

WA States property taxes are pretty redic too. Not to mention the gasoline taxes. Still like $4/gallon there. Gotta pay for those needle exchanges somehow.

That's cool man... I can see you guys doing that. As we both see each other's Facebook adventures. After living in Japan for this time, we do miss the States. It's been a great adventure, but being the foreigner and not speaking Japanese gets old. Plus... Man the EU looks like it's going the way of 3rd world sh!thole will all the mooslims rapering and looting their way across it. Though... Italy seems to be getting pretty tired of it.

Not to mention.... The roof leaks... The main sewer pipe is crushed. The foundation cracks. I've owned 4 homes, had to replace the roof on 2. Two had flooded basements. Water heaters went out. Replace decks... Etc... etc...Blah blah blah...

Wait... I think TNG end I have the same birthday... The 11th? I just turned 51. HBD TNG!

Oh for sure. Health insurance is damned near #1. Since I retired a fed, I can stay on the Federal Employee Health Benefits (FEHB) plans. It's about $942 a month for family. That's really the only reason we could have her retire early. Even if I croak early, as she is a "survivor" on my pension, she'll be able to keep the health insurance.

Yeah... The only reason I'm thinking about it now is they are all in their 70's. My wife's Mom is their age. She's currently in the hospital with MRSA induced pneumonia. She's doing better then when she got in, but the morbidity rate on that after hospitalization.... @ 70... a smoker... rough shape. No bueno.

Right... I'm already retired a year now. Just hit 51st birthday this week. That being said, maybe it will give us a little push to have the wife retire early. She's 49... I think we need her to work until she's 52. That will give her 20 years in the fed. Then she can "deferr" her retirement until she's 57. She can start her pension then.

Yeah... My team is definitely hit the wall. Can't be top three and keep picking 12th, 24th, 36th and stay on top. That being said... Yeah I need to figure out a rebuild. The way we draft absolutely sucks for people who finish well year after year. Focking socialism.