[UCGal]

Like TG – the stage of life is important.

Right now we’re sandwiched… caring for elderly in-laws, kids in grade school. We’ve got a pretty sweet deal for our needs – large lot, custom built granny flat, good schools.

As a bonus – the granny flat will produce income when the in-laws no longer need it. And when we’re ready to downsize when they kids move out -we can move into it – and get better income from main house as a rental.

If kids and in-laws are not in the picture then I’d be looking at something even more coastal than UC – that’s single story. Lots of places to choose from.

Or maybe a fabulous yacht and slip. That would be cool. A million could buy a pretty sweet live aboard.

If it’s a million total – can we take money to make improvements on our current house?

[UCGal]

Like TG – the stage of life is important.

Right now we’re sandwiched… caring for elderly in-laws, kids in grade school. We’ve got a pretty sweet deal for our needs – large lot, custom built granny flat, good schools.

As a bonus – the granny flat will produce income when the in-laws no longer need it. And when we’re ready to downsize when they kids move out -we can move into it – and get better income from main house as a rental.

If kids and in-laws are not in the picture then I’d be looking at something even more coastal than UC – that’s single story. Lots of places to choose from.

Or maybe a fabulous yacht and slip. That would be cool. A million could buy a pretty sweet live aboard.

If it’s a million total – can we take money to make improvements on our current house?

[UCGal]

Like TG – the stage of life is important.

Right now we’re sandwiched… caring for elderly in-laws, kids in grade school. We’ve got a pretty sweet deal for our needs – large lot, custom built granny flat, good schools.

As a bonus – the granny flat will produce income when the in-laws no longer need it. And when we’re ready to downsize when they kids move out -we can move into it – and get better income from main house as a rental.

If kids and in-laws are not in the picture then I’d be looking at something even more coastal than UC – that’s single story. Lots of places to choose from.

Or maybe a fabulous yacht and slip. That would be cool. A million could buy a pretty sweet live aboard.

If it’s a million total – can we take money to make improvements on our current house?

[UCGal]

[quote=sdrealtor]If you mountain bike at all make sure you get to the Wissahickon Trails.
[/quote]
+100 on this. Even if you just walk – nice paths along the bottom for walkers… and very fun paths on the sides for bikes. But there’s one trail on the north side of the creek that is my nemesis – I totally missed the landing riding over a rock ledge – ended up about 15 feet below the trail with major shrubbery in my hair. Not my finest moment. LOL. (I was younger and dumber.)

[UCGal]

[quote=sdrealtor]If you mountain bike at all make sure you get to the Wissahickon Trails.
[/quote]
+100 on this. Even if you just walk – nice paths along the bottom for walkers… and very fun paths on the sides for bikes. But there’s one trail on the north side of the creek that is my nemesis – I totally missed the landing riding over a rock ledge – ended up about 15 feet below the trail with major shrubbery in my hair. Not my finest moment. LOL. (I was younger and dumber.)

[UCGal]

[quote=sdrealtor]If you mountain bike at all make sure you get to the Wissahickon Trails.
[/quote]
+100 on this. Even if you just walk – nice paths along the bottom for walkers… and very fun paths on the sides for bikes. But there’s one trail on the north side of the creek that is my nemesis – I totally missed the landing riding over a rock ledge – ended up about 15 feet below the trail with major shrubbery in my hair. Not my finest moment. LOL. (I was younger and dumber.)

[UCGal]

[quote=sdrealtor]If you mountain bike at all make sure you get to the Wissahickon Trails.
[/quote]
+100 on this. Even if you just walk – nice paths along the bottom for walkers… and very fun paths on the sides for bikes. But there’s one trail on the north side of the creek that is my nemesis – I totally missed the landing riding over a rock ledge – ended up about 15 feet below the trail with major shrubbery in my hair. Not my finest moment. LOL. (I was younger and dumber.)

[UCGal]

[quote=sdrealtor]If you mountain bike at all make sure you get to the Wissahickon Trails.
[/quote]
+100 on this. Even if you just walk – nice paths along the bottom for walkers… and very fun paths on the sides for bikes. But there’s one trail on the north side of the creek that is my nemesis – I totally missed the landing riding over a rock ledge – ended up about 15 feet below the trail with major shrubbery in my hair. Not my finest moment. LOL. (I was younger and dumber.)

[UCGal]

I’m old enough to remember the time before the capital gains exclusion. It wasn’t that long ago – 1997, IIRC.

Because the rules could change again – people should save receipts for major improvements. I got in the habit with my first home and have continued this practice… just in case. IIRC the old rules didn’t tax the gain if you rolled it into an equal or more expensive house within 2 years.

As far as the mortgage interest exclusion… again, I remember when all credit interest was deductable – including credit cards. (until the mid 80’s). I think most of us would agree that credit card debt isn’t “good debt” and shouldn’t be favored in the tax code.

Personally, I won’t be impacted too much by the mortgage interest rate deduction changes – if they happen… I don’t earn enough and I’m doing my darndest to eliminate mortgage interest payments by paying off my house quickly. I’d rather have that money for my use – and the only way to eliminate mortgage interest payments is to pay off the mortgage.

I guess I’m an obnoxious saver.

[UCGal]

I’m old enough to remember the time before the capital gains exclusion. It wasn’t that long ago – 1997, IIRC.

Because the rules could change again – people should save receipts for major improvements. I got in the habit with my first home and have continued this practice… just in case. IIRC the old rules didn’t tax the gain if you rolled it into an equal or more expensive house within 2 years.

As far as the mortgage interest exclusion… again, I remember when all credit interest was deductable – including credit cards. (until the mid 80’s). I think most of us would agree that credit card debt isn’t “good debt” and shouldn’t be favored in the tax code.

Personally, I won’t be impacted too much by the mortgage interest rate deduction changes – if they happen… I don’t earn enough and I’m doing my darndest to eliminate mortgage interest payments by paying off my house quickly. I’d rather have that money for my use – and the only way to eliminate mortgage interest payments is to pay off the mortgage.

I guess I’m an obnoxious saver.

[UCGal]

I’m old enough to remember the time before the capital gains exclusion. It wasn’t that long ago – 1997, IIRC.

Because the rules could change again – people should save receipts for major improvements. I got in the habit with my first home and have continued this practice… just in case. IIRC the old rules didn’t tax the gain if you rolled it into an equal or more expensive house within 2 years.

As far as the mortgage interest exclusion… again, I remember when all credit interest was deductable – including credit cards. (until the mid 80’s). I think most of us would agree that credit card debt isn’t “good debt” and shouldn’t be favored in the tax code.

Personally, I won’t be impacted too much by the mortgage interest rate deduction changes – if they happen… I don’t earn enough and I’m doing my darndest to eliminate mortgage interest payments by paying off my house quickly. I’d rather have that money for my use – and the only way to eliminate mortgage interest payments is to pay off the mortgage.

I guess I’m an obnoxious saver.

[UCGal]

I’m old enough to remember the time before the capital gains exclusion. It wasn’t that long ago – 1997, IIRC.

Because the rules could change again – people should save receipts for major improvements. I got in the habit with my first home and have continued this practice… just in case. IIRC the old rules didn’t tax the gain if you rolled it into an equal or more expensive house within 2 years.

As far as the mortgage interest exclusion… again, I remember when all credit interest was deductable – including credit cards. (until the mid 80’s). I think most of us would agree that credit card debt isn’t “good debt” and shouldn’t be favored in the tax code.

Personally, I won’t be impacted too much by the mortgage interest rate deduction changes – if they happen… I don’t earn enough and I’m doing my darndest to eliminate mortgage interest payments by paying off my house quickly. I’d rather have that money for my use – and the only way to eliminate mortgage interest payments is to pay off the mortgage.

I guess I’m an obnoxious saver.

[UCGal]

I’m old enough to remember the time before the capital gains exclusion. It wasn’t that long ago – 1997, IIRC.

Because the rules could change again – people should save receipts for major improvements. I got in the habit with my first home and have continued this practice… just in case. IIRC the old rules didn’t tax the gain if you rolled it into an equal or more expensive house within 2 years.

As far as the mortgage interest exclusion… again, I remember when all credit interest was deductable – including credit cards. (until the mid 80’s). I think most of us would agree that credit card debt isn’t “good debt” and shouldn’t be favored in the tax code.

Personally, I won’t be impacted too much by the mortgage interest rate deduction changes – if they happen… I don’t earn enough and I’m doing my darndest to eliminate mortgage interest payments by paying off my house quickly. I’d rather have that money for my use – and the only way to eliminate mortgage interest payments is to pay off the mortgage.

I guess I’m an obnoxious saver.

[UCGal]

[quote=CDMA ENG]Don’t judge me…

I want to chew on Helen Mirren toes.

CE[/quote]
LOL
I never would have figured you for the older Dame type. (Get it… Dame… I crack myself up.)

[UCGal]

[quote=CDMA ENG]Don’t judge me…

I want to chew on Helen Mirren toes.

CE[/quote]
LOL
I never would have figured you for the older Dame type. (Get it… Dame… I crack myself up.)

[Author]

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