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Rep Retirement Lodge #179: Crisp Autumn Weather, Football, and Hockey

Rep Retirement Lodge #179: Crisp Autumn Weather, Football, and Hockey


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Re: Rep Retirement Lodge #179: Crisp Autumn Weather, Football, and Hockey

*thumbsup*
 
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Re: Rep Retirement Lodge #179: Crisp Autumn Weather, Football, and Hockey

It's nights like tonight that make my job easy and super enjoyable. Calm winds, no traffic, just enough moonlight to illuminate the treelines and allow me to see out in front.

A little over 24 hours and I'll be headed home.

I could really never justify renting in my situation. As it is, I'm only home 4 months a year, minus any trips I take for fun. I'm in a townhouse, so all exterior maintenance is taken care of. Perfect fit for me, and it isn't so large that I can't keep up the interior.
 
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Re: Rep Retirement Lodge #179: Crisp Autumn Weather, Football, and Hockey

We have had several heated discussions with the hub's good friend about homeownership. He thinks we're wasting time and money by renting. I counter with the two times we had dishwasher problems that I didn't have to fix, the brand new appliances that cost us 50$/month but renovated our whole kitchen, the time/money the friend has spent on mosquito control and other outdoor stuff that we don't deal with. There are definitely perks to owning a house, but I don't agree that it's for everyone and a vital necessity.
NPR did a really interesting piece on this during the recession. In Europe most people do not own their house. In their culture it is not a goal or a mark of success for most people. Because renting is the norm if they get a job offer somewhere else they are mobile. One of the things that was happening here was people owned their house so could not explore options without having to deal with trying to get rid of house/ deal with mortgages that were probably higher than they should have obtained. The point of the piece- the "American Dream' of owning the house with the white picket fence might not be realistic for many because it was at odds with some of the other changes in culture such as being very mobile and flexible, moving around from company to company to get ahead. (Unlike when I was growing up when you picked a company and there was reciprocal loyalty).
Not related, but tonight - so far I'm making serious headway in my book since my patient is sleeping through detox. :)
Always a good thing.
 
Re: Rep Retirement Lodge #179: Crisp Autumn Weather, Football, and Hockey

Deep overnight discussions!

We are getting a house because we want to have mini-me's. ;)

So we aren't going to be purposely uprooting ourselves for quite awhile.
 
Re: Rep Retirement Lodge #179: Crisp Autumn Weather, Football, and Hockey

No regrets buying my house. My money is building equity, not going to some slum lord or holding company. Yeah, we put money into it, but what we spend we always try to make sure it increasing the resale value of the house. We put in a septic system, renovated a bathroom, re-sided with vinyl siding, replaced all windows, all things that will increase the value of the house. Next on the list are renovating bathroom #2 (actually going to the Re-Store on Saturday to look for a vanity), and then the big one, the kitchen.
 
Re: Rep Retirement Lodge #179: Crisp Autumn Weather, Football, and Hockey

We have a couple of friends who had to move several times for a job through the 80s and 90s, but it was the husband being moved by his company. So the company covered many of the move costs, including things like closing costs on the houses. As a result they built equity in each house and each was bigger and nicer than the last. They may have lost some equity in the big bust in 08, but I'm sure they are whole again by now (as we are). So long as you didn't get caught trying to sell in bust times, most have increased their equity in their homes.

I do think times have changed a little now and it is a lot less of a sure thing than it was for years to always own a home if you could.
 
Re: Rep Retirement Lodge #179: Crisp Autumn Weather, Football, and Hockey

No regrets buying my house. My money is building equity, not going to some slum lord or holding company. Yeah, we put money into it, but what we spend we always try to make sure it increasing the resale value of the house. We put in a septic system, renovated a bathroom, re-sided with vinyl siding, replaced all windows, all things that will increase the value of the house. Next on the list are renovating bathroom #2 (actually going to the Re-Store on Saturday to look for a vanity), and then the big one, the kitchen.
A few months ago I was reading an article on home renovations, and updating/upgrading a bathroom had a much better ROI than the kitchen. It's surprising to me since we tend to spend so much time in our kitchens and put such an emphasis on everything in them.
 
Re: Rep Retirement Lodge #179: Crisp Autumn Weather, Football, and Hockey

A few months ago I was reading an article on home renovations, and updating/upgrading a bathroom had a much better ROI than the kitchen. It's surprising to me since we tend to spend so much time in our kitchens and put such an emphasis on everything in them.

We have to do both. Our kitchen is so bad that it would make it tough to sell the house. It is pretty much a requirement to do because it would turn off so many potential buyers.
 
Re: Rep Retirement Lodge #179: Crisp Autumn Weather, Football, and Hockey

We have to do both. Our kitchen is so bad that it would make it tough to sell the house. It is pretty much a requirement to do because it would turn off so many potential buyers.

Hey, I'm right there with you. If/when I sell my house, I'll have to replace the countertops as there are some scorch marks all near the stove from my mother's Alzheimer's episodes shortly before I could get her into a nursing home. It'll be a couple thousand dollars and I'm not looking forward to spending penny one of it.
 
Re: Rep Retirement Lodge #179: Crisp Autumn Weather, Football, and Hockey

I bought my first house thanks to the jerk off that was my landlord at the time. When he hired an on-site renter as property manager and I called to complain (the guy was a convicted felon - was robbing 7-11s with a shotgun) he told me he didn't plan to take any **** from his tenants and if I didn't like it, I could move out and he would rent the place to someone for more money. I owned my house 3 months later.
 
Re: Rep Retirement Lodge #179: Crisp Autumn Weather, Football, and Hockey

We have to do both. Our kitchen is so bad that it would make it tough to sell the house. It is pretty much a requirement to do because it would turn off so many potential buyers.

The previous owners of my house did both. I appreciated it and it did factor into my decision. Just the colors or wallpaper of an old 1970's or 1980's kitchen or bath, ughhh. I was happy to have a turn key house (and would rather pay a bit of a premium for it, then have my offer reflect renovation budget). I've had plenty of other home improvement projects (roof, siding & HVAC).
 
Re: Rep Retirement Lodge #179: Crisp Autumn Weather, Football, and Hockey

One of my big things when I was looking was for it to be new(er) construction. I'm gone too much to have to deal with getting into a fixer-upper. I'm the first owner of my place, so I hopefully won't have to deal with any renovations for numerous years.

And to get it for just under $100/sqft was alright with me too.
 
Re: Rep Retirement Lodge #179: Crisp Autumn Weather, Football, and Hockey

Closed on my townhouse in Denver a few months ago. 3 bed, 3 bath, 2130 (!) SF. Two parking spaces in shared garage, bar on lower level which I'm converting into my nerdcave, MASSIVE kitchen, dining area, living room, and master bedroom, steam shower upstairs, plus these really neat murals in the stairwell and basement (son of one of the families in the association is a professional muralist.) Only problem is it was built in 1974 and clearly shows its age, but mechanically everything's pretty sound - got a new electrical panel as part of the inspection, furnace is good, might spring for new appliances and a new water heater at some point. If I need to paint over the murals to sell it, that's cheap too, but I think I'll leave them for now (the seller's realtor openly told me she was extremely relieved I liked them, she had been imploring the seller to paint over them for weeks.) No lawn to take care of, don't really want one.

First place I toured that really felt like a "home" with some character and not another cookie-cutter shoebox apartment unit. Offered $9K under asking if he didn't paint over the murals just to see what would happen...and he took it, no counter. I probably could have gotten away with another $5K. I was floored. You need $30K over asking just to get the time of day in Denver right now.
 
Re: Rep Retirement Lodge #179: Crisp Autumn Weather, Football, and Hockey

Bought our house in '92, equity in it allowed us to by the cabin in '05. Seems to have worked out just fine.
 
Re: Rep Retirement Lodge #179: Crisp Autumn Weather, Football, and Hockey

It's not a bad thing to own. It's a bad thing to own/owe too much. Unfortunately, it seems like most of the country doesn't understand Economics 101.

I rent because I'm single, yard work sucks, and townhomes/condos are generally bland, characterless places to live (not to mention they often have more unnecessary drama, in terms of owners' associations, than they are worth).
 
Re: Rep Retirement Lodge #179: Crisp Autumn Weather, Football, and Hockey

Closed on my townhouse in Denver a few months ago. 3 bed, 3 bath, 2130 (!) SF. Two parking spaces in shared garage, bar on lower level which I'm converting into my nerdcave, MASSIVE kitchen, dining area, living room, and master bedroom, steam shower upstairs, plus these really neat murals in the stairwell and basement (son of one of the families in the association is a professional muralist.) Only problem is it was built in 1974 and clearly shows its age, but mechanically everything's pretty sound - got a new electrical panel as part of the inspection, furnace is good, might spring for new appliances and a new water heater at some point. If I need to paint over the murals to sell it, that's cheap too, but I think I'll leave them for now (the seller's realtor openly told me she was extremely relieved I liked them, she had been imploring the seller to paint over them for weeks.) No lawn to take care of, don't really want one.

First place I toured that really felt like a "home" with some character and not another cookie-cutter shoebox apartment unit. Offered $9K under asking if he didn't paint over the murals just to see what would happen...and he took it, no counter. I probably could have gotten away with another $5K. I was floored. You need $30K over asking just to get the time of day in Denver right now.

What part of town do you live in?
 
Re: Rep Retirement Lodge #179: Crisp Autumn Weather, Football, and Hockey

What part of town do you live in?

Virginia Vale area. Pretty much dead center of the Denver metro.

Only tricky part about that area is it's a royal pain to travel east/west across Cherry Creek. The only real good way across is to go all the way down to Evans.
 
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