[manu]

to blackbox
I don` t know why you have to be so harsh. I am here to ask for some advice.
If I said that it was ok to keep all our money tied in real estate I would not be questioning it in the first place.
Second it was not meant to be like this.
Third things got out of control during a major marriage crisis.
Fourth there is nothing wrong in living ona 60000$ income
Now if you are done with your insults I`d like to get some input from people who like to give advices without being so judgemental

[manu]

to blackbox
I don` t know why you have to be so harsh. I am here to ask for some advice.
If I said that it was ok to keep all our money tied in real estate I would not be questioning it in the first place.
Second it was not meant to be like this.
Third things got out of control during a major marriage crisis.
Fourth there is nothing wrong in living ona 60000$ income
Now if you are done with your insults I`d like to get some input from people who like to give advices without being so judgemental

[manu]

to blackbox
I don` t know why you have to be so harsh. I am here to ask for some advice.
If I said that it was ok to keep all our money tied in real estate I would not be questioning it in the first place.
Second it was not meant to be like this.
Third things got out of control during a major marriage crisis.
Fourth there is nothing wrong in living ona 60000$ income
Now if you are done with your insults I`d like to get some input from people who like to give advices without being so judgemental

[manu]

I am calling a real estate agent in the next few days. I will let you know how much she thinks the house can sell for.

[manu]

I am calling a real estate agent in the next few days. I will let you know how much she thinks the house can sell for.

[manu]

I am calling a real estate agent in the next few days. I will let you know how much she thinks the house can sell for.

[manu]

thank you for your answer.
When I say we are making no saving I referr to the fact that up until few months ago we were still finishing remodelling the pool so we had extra expenses. I know we have been able to save some since then, not sure how much because my husband likes to be drammatical when it comes to how much we spent for this hosue and how expensive it is to live in it. And you are right about the cleaning maids!

[manu]

thank you for your answer.
When I say we are making no saving I referr to the fact that up until few months ago we were still finishing remodelling the pool so we had extra expenses. I know we have been able to save some since then, not sure how much because my husband likes to be drammatical when it comes to how much we spent for this hosue and how expensive it is to live in it. And you are right about the cleaning maids!

[manu]

thank you for your answer.
When I say we are making no saving I referr to the fact that up until few months ago we were still finishing remodelling the pool so we had extra expenses. I know we have been able to save some since then, not sure how much because my husband likes to be drammatical when it comes to how much we spent for this hosue and how expensive it is to live in it. And you are right about the cleaning maids!

[manu]

Thank you for your answer.
let me summarize again so that I can answer your questions.

we bought the house for 950000 in 2003 which was not peak as the house next door, total fixer upper, similar in size but with a lot not as nice,sold the summer of 2004 for 1200000.
The previouse owner of our house (first owner for 40 years)had done few improvements over the years so our house was basically sort of a fixer-upper as well.
all the improvements we made (more in the 400000 after rediscussing with my husband) were paid cash as the money was coming and with the leftover equity from a previouse house both in 1996 fro 250000$ and sold for 540000$ in 2003.
We added a master suite, reconfigured all the inside wall to create a better floorplan and family room, redo all the floorings and bathrooms (but one)repaint all the inside and outside,change all the windows and doors, redo all the electrical with new lighting inside, redo the patio outside and the pool, redo all the landscaping. The roof had been changed in 2002 before we bought it.
It is a brand new house other then 2 rooms that need to be repainted and new flooring, and one bathroom which we could either redo or try to make look nice.
They are building a new house in the same neighborhhod, slightly larger which is on sale for 2400000$
WE were set on keeping the house long term so we did not rush finishing those 2 rooms and bathroom as we never use them.
Since I started working we realized that we are really busy and the house is too big and requires a lot of work and money to keep in good shape so we were considering downsizing.
I am pretty sure that if we sell right now we would still be able to make a profit plus we would be able to pay cash for a much smaller house and put the rest of the money in the bank. We have about 1 million dollar in equity in the house more or less depending on what we can sell it for.
we don`t want to have all this money stuck in our house expecially if it is going to depriciate and we can make some profit out of it right now.
Forgot to mention: we live in a neighborhood with homes
ranging from 1000000 to 2600000$(ther is one for sale for 5400000 (good luck with that!) and we porbably have one of the best lots available (all usable, views, orchard, horse facility, cul the sac, sewer, no power lines)
We really like this house and would like to keep it. I just don`t want to miss the opportunity of being mortgage free in our 30s when apparently bad times are to come and my husband could face a pay cut in the future and I would be forced to work in order to pay the mortgage.
We are very conservative with the money. we just didn`t realize how much money it would take to fix up the house. We found ourselves in the situation of wanting to sell the house about 1 year ago but at that time we had a full house remodelling half done, with some rooms totally redone and other things less attractive, like a 40 years old pool and patio and so on, so we just tried to finish the project to get top dollars but in the meanwhile market as changed.
I drive a 20000 used car, my husband a 30000 car for which his company pays gas, insurance and even monthly 300 $ check reimbursament. We have no debt other than the mortgage.
As far as me being a physician I just want to let you guys know that when you just relocated from the other side of the world and you work 80 hours a week in a hospital, dealing with a new job, 1 hour commute both ways,a remodelling and personal problems with your husband you don`t really have time to keep an eye on stock market or real estate.

Thanks for your answers,

manu

[manu]

Thank you for your answer.
let me summarize again so that I can answer your questions.

we bought the house for 950000 in 2003 which was not peak as the house next door, total fixer upper, similar in size but with a lot not as nice,sold the summer of 2004 for 1200000.
The previouse owner of our house (first owner for 40 years)had done few improvements over the years so our house was basically sort of a fixer-upper as well.
all the improvements we made (more in the 400000 after rediscussing with my husband) were paid cash as the money was coming and with the leftover equity from a previouse house both in 1996 fro 250000$ and sold for 540000$ in 2003.
We added a master suite, reconfigured all the inside wall to create a better floorplan and family room, redo all the floorings and bathrooms (but one)repaint all the inside and outside,change all the windows and doors, redo all the electrical with new lighting inside, redo the patio outside and the pool, redo all the landscaping. The roof had been changed in 2002 before we bought it.
It is a brand new house other then 2 rooms that need to be repainted and new flooring, and one bathroom which we could either redo or try to make look nice.
They are building a new house in the same neighborhhod, slightly larger which is on sale for 2400000$
WE were set on keeping the house long term so we did not rush finishing those 2 rooms and bathroom as we never use them.
Since I started working we realized that we are really busy and the house is too big and requires a lot of work and money to keep in good shape so we were considering downsizing.
I am pretty sure that if we sell right now we would still be able to make a profit plus we would be able to pay cash for a much smaller house and put the rest of the money in the bank. We have about 1 million dollar in equity in the house more or less depending on what we can sell it for.
we don`t want to have all this money stuck in our house expecially if it is going to depriciate and we can make some profit out of it right now.
Forgot to mention: we live in a neighborhood with homes
ranging from 1000000 to 2600000$(ther is one for sale for 5400000 (good luck with that!) and we porbably have one of the best lots available (all usable, views, orchard, horse facility, cul the sac, sewer, no power lines)
We really like this house and would like to keep it. I just don`t want to miss the opportunity of being mortgage free in our 30s when apparently bad times are to come and my husband could face a pay cut in the future and I would be forced to work in order to pay the mortgage.
We are very conservative with the money. we just didn`t realize how much money it would take to fix up the house. We found ourselves in the situation of wanting to sell the house about 1 year ago but at that time we had a full house remodelling half done, with some rooms totally redone and other things less attractive, like a 40 years old pool and patio and so on, so we just tried to finish the project to get top dollars but in the meanwhile market as changed.
I drive a 20000 used car, my husband a 30000 car for which his company pays gas, insurance and even monthly 300 $ check reimbursament. We have no debt other than the mortgage.
As far as me being a physician I just want to let you guys know that when you just relocated from the other side of the world and you work 80 hours a week in a hospital, dealing with a new job, 1 hour commute both ways,a remodelling and personal problems with your husband you don`t really have time to keep an eye on stock market or real estate.

Thanks for your answers,

manu

[manu]

Thank you for your answer.
let me summarize again so that I can answer your questions.

we bought the house for 950000 in 2003 which was not peak as the house next door, total fixer upper, similar in size but with a lot not as nice,sold the summer of 2004 for 1200000.
The previouse owner of our house (first owner for 40 years)had done few improvements over the years so our house was basically sort of a fixer-upper as well.
all the improvements we made (more in the 400000 after rediscussing with my husband) were paid cash as the money was coming and with the leftover equity from a previouse house both in 1996 fro 250000$ and sold for 540000$ in 2003.
We added a master suite, reconfigured all the inside wall to create a better floorplan and family room, redo all the floorings and bathrooms (but one)repaint all the inside and outside,change all the windows and doors, redo all the electrical with new lighting inside, redo the patio outside and the pool, redo all the landscaping. The roof had been changed in 2002 before we bought it.
It is a brand new house other then 2 rooms that need to be repainted and new flooring, and one bathroom which we could either redo or try to make look nice.
They are building a new house in the same neighborhhod, slightly larger which is on sale for 2400000$
WE were set on keeping the house long term so we did not rush finishing those 2 rooms and bathroom as we never use them.
Since I started working we realized that we are really busy and the house is too big and requires a lot of work and money to keep in good shape so we were considering downsizing.
I am pretty sure that if we sell right now we would still be able to make a profit plus we would be able to pay cash for a much smaller house and put the rest of the money in the bank. We have about 1 million dollar in equity in the house more or less depending on what we can sell it for.
we don`t want to have all this money stuck in our house expecially if it is going to depriciate and we can make some profit out of it right now.
Forgot to mention: we live in a neighborhood with homes
ranging from 1000000 to 2600000$(ther is one for sale for 5400000 (good luck with that!) and we porbably have one of the best lots available (all usable, views, orchard, horse facility, cul the sac, sewer, no power lines)
We really like this house and would like to keep it. I just don`t want to miss the opportunity of being mortgage free in our 30s when apparently bad times are to come and my husband could face a pay cut in the future and I would be forced to work in order to pay the mortgage.
We are very conservative with the money. we just didn`t realize how much money it would take to fix up the house. We found ourselves in the situation of wanting to sell the house about 1 year ago but at that time we had a full house remodelling half done, with some rooms totally redone and other things less attractive, like a 40 years old pool and patio and so on, so we just tried to finish the project to get top dollars but in the meanwhile market as changed.
I drive a 20000 used car, my husband a 30000 car for which his company pays gas, insurance and even monthly 300 $ check reimbursament. We have no debt other than the mortgage.
As far as me being a physician I just want to let you guys know that when you just relocated from the other side of the world and you work 80 hours a week in a hospital, dealing with a new job, 1 hour commute both ways,a remodelling and personal problems with your husband you don`t really have time to keep an eye on stock market or real estate.

Thanks for your answers,

manu

[manu]

I know it is hard to believe but you have to realize that in the last 4 years all our cash has gone into the remodelling. The idea to buy such a big house was driven by the fact that when we both sounded like a very good deal and we decided to buy a house that we would never have to move from once we had children and so on. we have no other debt other than the loan and all the cash we were back saving went into buying mu new used car after my last one broke down. we are actually very conservative with money and in the last year I started to work (about 44000 a year) and my husband had a rise, so we are doing much better now and I expect we will be able to start saving money soon as we have no more extra expenses in the house unless we want to sell (changing the floor in 2 bedrooms and redo bathroom that we never use)

[manu]

I know it is hard to believe but you have to realize that in the last 4 years all our cash has gone into the remodelling. The idea to buy such a big house was driven by the fact that when we both sounded like a very good deal and we decided to buy a house that we would never have to move from once we had children and so on. we have no other debt other than the loan and all the cash we were back saving went into buying mu new used car after my last one broke down. we are actually very conservative with money and in the last year I started to work (about 44000 a year) and my husband had a rise, so we are doing much better now and I expect we will be able to start saving money soon as we have no more extra expenses in the house unless we want to sell (changing the floor in 2 bedrooms and redo bathroom that we never use)

[manu]

I know it is hard to believe but you have to realize that in the last 4 years all our cash has gone into the remodelling. The idea to buy such a big house was driven by the fact that when we both sounded like a very good deal and we decided to buy a house that we would never have to move from once we had children and so on. we have no other debt other than the loan and all the cash we were back saving went into buying mu new used car after my last one broke down. we are actually very conservative with money and in the last year I started to work (about 44000 a year) and my husband had a rise, so we are doing much better now and I expect we will be able to start saving money soon as we have no more extra expenses in the house unless we want to sell (changing the floor in 2 bedrooms and redo bathroom that we never use)

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