Mortgage Loan: Closed

[pete c]

Congrats, OM. I am about 4 years from owning my place. 27K left to pay. Of course with one in college and another just starting HS this year, there is a chance at some point I will take a few bucks out of it to pay those off. Just hope the free money the banks are loaning currently holds out. I suspect it won't.

What I would really like to do is move somewhere else eventually, where taxes and insurance alone won't add up to 500 bucks a month or close to it.

I was thinking desert SW, but that coastline pic of NoCal has me wondering. It really is beautiful out there. As for the mold problem, wouldn't a dehumidifier work better than an AC? I realize that AC does dehumidify, but is a lot more efficient, or so I would think.

[gone-ot]

...take your pick:

CALIFORNIA = earth quakes, high gasoline prices, power brown outs

WASHINGTON = volcanoes, mudslides, forest fires

ARIZONA = monsoon floods, haboob sandstorms, "valley fever" fungus, forest fires

CONNECTICUT = snow, snow, snow (wink,wink), "Nor'easterners"

[pete c]

The snow doesn't bother me as much as the damn taxes. Even after my mortgage is paid, I am looking at close to 500 bucks a month in taxes/insurance.

Maybe I'll just end up like all the other old coots in a doublewide in florida.

[ksa8907]

My taxes are $214.... a year.

[Gealii]

Originally Posted by Old Tele man

...take your pick:

CALIFORNIA = earth quakes, high gasoline prices, power brown outs

WASHINGTON = volcanoes, mudslides, forest fires

ARIZONA = monsoon floods, haboob sandstorms, "valley fever" fungus, forest fires

CONNETICUT = snow, snow, snow (wink,wink), "Nor'easterners"

let me add to that

OHIO = cheap land, cheap gas, no jobs, experience all 4 seasons in a week

[gone-ot]

Originally Posted by pete c

The snow doesn't bother me as much as the damn taxes. Even after my mortgage is paid, I am looking at close to 500 bucks a month in taxes/insurance.

Maybe I'll just end up like all the other old coots in a doublewide in florida.

Alaska, Florida, Nevada, South Dakota, Texas and Washington have NO income taxes, but they "get" you with other taxes: sales, property (home, vehicles, etc.).

[vacationtime247]

Indiana has lost all appeal. There ain't nothin' here but corn. Wild temperature fluctuations destroy everything around the house. Need a new roof every few years from the rain and snow. The freezing winters destroy the roads and any cement drive. It's bitter cold in the winter and scorching hot in the summer.
California, it's not perfect. But better than what's here. Temps don't go to low in the winter and summer it isn't so bad either. Lots of rain where I'm headed though. Been all over the country, nothing compares to how much I like it out west.
I'm by no means rich. Combined income of @ $65k. Not much when you add in 2 kids. Staying in Indiana would certainly be easier, but I've got to try Cali. At least for a year. After that, either move back to the midwest or find a real house in NorCal instead of a trailer.
VT247

[Frank Lee]

I tried Cal for 6 months then went back to the Midwest. The beaches are nicer but the weather, surprisingly enough, isn't always. Where I was, it was far too congested. And expensive!

[vrmilionzx]

Huge congrats on paying off the house!!!!

[LeanBurn]

Congrats ! That is great work !

I know the feeling. It can be done. Keep your financial skills that you have learned...you can apply them for the rest of your life.

You don't have to be rich for sure. My first real job out of college and I had a mortgage 2 years later in 2002, sold my very first house at the height of the regional housing boom in 2006, then used the proceeds with which I bought and paid for my much bigger yard/house in a much smaller community, paid off all my student loans & car loans and any all credit cards...with cash. All in 4 years.

Debt and interest are monsters that should be feared and respected....for they have no compassion and they never sleep.