My dilemma (prices, contractors, garage, financial)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I think this is way off. He does have a problem that needs to be solved. Worried or bothered are just emotions that are supposed to motivate you to act but staying in that state can cause bigger problems. His wife could very well mean that.
It sounded to me like she was belittling and dismissing his concerns and feelings and like nothing was really resolved in that conversation (they're keeping the house "for now" with no concrete plans to sell it), but okay.
It sounded to me like she was belittling and dismissing his concerns and feelings and like nothing was really resolved in that conversation (they're keeping the house "for now" with no concrete plans to sell it), but okay.
Good luck, OP!
I'm a wife so I'm likely to give her the benefit of the doubt. It sounds like they both thought the house was more important to the other than it actually was. Being married I know if something is important to the other person sometimes it requires sacrifice and one wouldn't voice their concerns readily.
Her feelings are that there isnt anything we can do now so I shouldnt lose sleep and bring on an early heart attack. Her point (and I agree here) is that if we sell partially completed then we lose all of the equity we have started to build up, and likely some of our initial investment. Our main disconnect is that she works in Chicago so she gets regular urban visits, at the same time I didnt realize how I would feel living in a rural area.
The main point (I suppose) of initial post is to get opinions as to whether I should weather the storm and hope rates come down, and that I adjust to a slower life or cut my losses in favor of a more simplified life.
Quote:
Originally Posted by otterhere
It sounded to me like she was belittling and dismissing his concerns and feelings and like nothing was really resolved in that conversation (they're keeping the house "for now" with no concrete plans to sell it), but okay.
Her feelings are that there isnt anything we can do now so I shouldnt lose sleep and bring on an early heart attack. Her point (and I agree here) is that if we sell partially completed then we lose all of the equity we have started to build up, and likely some of our initial investment. Our main disconnect is that she works in Chicago so she gets regular urban visits, at the same time I didnt realize how I would feel living in a rural area.
The main point (I suppose) of initial post is to get opinions as to whether I should weather the storm and hope rates come down, and that I adjust to a slower life or cut my losses in favor of a more simplified life.
Our main disconnect is that she works in Chicago so she gets regular urban visits, at the same time I didnt realize how I would feel living in a rural area.
The main point (I suppose) of initial post is to get opinions as to whether I should weather the storm and hope rates come down, and that I adjust to a slower life or cut my losses in favor of a more simplified life.
That's valid, and you can't know how living in a rural area will feel until you do it. Can you rent something cheap back in the city and pay someone to finish building the lake house? Then you have more options once the house is finished.
I would definitely wait to sell until the house is completed and if you took your profit and bought something outright and invested the 4k for 10 years... my guess given the ups and downs of the housing market, you would likely be in the same position. The house is no guarantee of a given profit, just like the market. My friends had a lake house built in SC and then added a pool, bought a boat, put in a dock, then something with dredging, furnished/decorated, etc, etc. Very expensive lifestyle.
We just cant swing doing both payments at this point, and the whole cat issue (couldnt find a place to rent originally)
Quote:
Originally Posted by mayfair
That's valid, and you can't know how living in a rural area will feel until you do it. Can you rent something cheap back in the city and pay someone to finish building the lake house? Then you have more options once the house is finished.
Get the house done as soon as possible.then put it on the market. Will take a while to sell at this price point in remote Michigan even on a lake. The biggest risk in this plan is the sales price and how long it takes not the tx you might owe on a big gain.
On where to move to Philly is one option but many other cities which might be a good fit but lower cost. So explore a few while selling. Good luck that price scares me a lot in todays market and even more as the next year for real estate is likely to be rocky at these high mortgage rates.
A lot of work building this place, the snow sure is pretty though
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
