Quote:
Originally Posted by asianthree
i think those who buy young want to make sure they have the house they want...have it paid for when they retire...we lost our retirement package and will only have what we saved...we are prepared in case only one is left...those who buy young have a plan...i don't want to be the person who's got to sell their house due to a spouse death...we have a plan
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I know where you are coming from.
My husband was a mortgage broker before the recession. Had been in housing his entire career. He never wrote a neg amortization loan and had no idea that the industry was going to the dogs until the Lenders started closing their doors.
Anyway, we lost most of our retirement savings, which was in Real Estate, in 2008 and have had to climb out of a deep hole. We are 64 now and still need 2 more years to have the security we feel we need to actually retire.
I am in awe of those who can retire in their 50's! We could retire now, and eat beans and rice and watch reruns on tv for our entertainment. Or we can work 2 more years with a smile on our face, thankful to have good jobs and able to pack funds away now for later.
We bought in TV before we should have. But are making it work and instead of commuting from Utah to San Jose to work, I will be commuting from TV to San Jose. We have shuffled things around and are glad we came to TV in May an bought, or our chance to have the home we design would have been lost forever.
We are counting the months until we can "retire", but we are living and loving life along the way. And we know we will have max security 20-30 yrs from now if we are fortunate enough to live that long.
Sorry, It appears, I just hijacked this thread...apologies to the poster!!!!