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Originally Posted by tophcfa
Looks very similar to my spreadsheet, use some different highlight colors. Biggest difference is our house is much older, no bond expense but higher maintenance budget and added ongoing expenses of pool ownership. Biggest variable making pro forma expenses difficult to predict is obviously runaway inflation. Hardest expense to predict is homeowners insurance, and I also failed to predict recent 25% property tax increase.
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hmmm, you must have lived through the 70's inflation spiral. . not sure that this bout of inflation will turn into a spiral, due to falling real wages, and technology productivity increases, which is why i didn't go hog wild on the inflationary part. . .
all your forecast comments come from experience, and a new house has less break fix for sure, and lower insurance potentially. .
good point about a pool, any annual cost estimates to add for the estimates?
Likewise, after looking at this, paying off the bond seems like a very good idea this year. . . coachk volunteered the option to save further on the retirement costs, while still working and able to replace the savings lost over the next year or two.
finance guy