Lessons learned from sell this house?

LESSON #1

Do not buy a house if you are over 65, unless you have deep pockets or you win the lottery!  Owning a house involves the initial down payment, moving costs, and real estate fees.  Although you might be able to get a 30 year loan, who knows what health crisis you will face within that 30 years.  Also, maintenance on a home is pricey.  Plumbers, electricians, gardeners, and painters are earning a living and they want to be paid.  Although I had bought an older home, a newer home will also need maintainance.  I learned my lesson the hard way by ignoring the reality of home ownership and now I know I will always rent.

The first house I bought in the foothills of the Sierra Nevada’s was wonderful and I think of it often.  However, after a disastrous wild-fire, the glow of owning this place was lost.  Then my sister and her husband left the area and I was a little isolated.  The view of the burned canyon was no longer pleasing.  The real estate market was up and I sold that house in three days.  With my tidy profit I bought a new house on the Oregon coast with a fantastic view of the water.  That lasted about 18 months and then I knew I was isolated again.  The real estate market was still fine and I bought the Eugene house.  We all know how well that turned out.

The condo/house I am renting is delightful, affordable, and has many neighbors.  Now, when something goes wrong in the place, I call the landlord and get the toilet fixed…and then a new dishwasher…or the fence painted, without putting out more than my monthly rent.  Fantastic.

Buy or rent?  Rent… (and put any extra dollars into savings).

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About alonegwen

Retired educator interested in living life fully. Will write about aging wisely, good reads, food, travel, dance reviews, and other items as they interest me.
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