Sold the House! W000t
04-17-2009, 03:26 PM
#11
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Location: Stuart, FL
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Yea same house, no we didnt sell it to the renters, we had to evict them in october, after that we said **** it lets just sell the place and be done with it. Taxes going up constantly, ******* with renters we just didn't see the point we've been on the boat for over 2 years now and we have no intention of moving on land, when we get too old to sail we'll buy a big trawler lol.
So yea we're rid of the whole the thing, honestly I would have never bought, i have never been a fan of homeownership, but I got talked into it. (too much of a gypsy soul I guess) now i'm just glad to be done with it.
As far as moving aboard a boat Baldy, this is what we realized, we had a 1750 square foot house, we were either in the bedroom, in the living room or in the kitchen, we didn't give anything up when we moved aboard, we still have the bedroom, living room and kitchen (except its called a galley now) AND we still have one bedroom and one bathroom we don't use (except when guests come).
Our plans now and being rid of this anchor helps, are within the next few years depending on finances to take off and cruise the bahamas and possibly eventually the southern Caribbean, once I'm sure i have no intention of coming back to the US I'll anchor up in Havana Bay and spend a few years there
Then long term we'd like to cross the pond and spend some time in the south of france and europe.
For now we're just working and investing the extra cash and the sooner those investments pay off the sooner we end up cruising, so it could be a year it could 5 years. I've still got some outfitting to do on the boat, id like to get a 12 volt watermaker, ice machine, redo the counters with granite and a few things like that.
So yea we're rid of the whole the thing, honestly I would have never bought, i have never been a fan of homeownership, but I got talked into it. (too much of a gypsy soul I guess) now i'm just glad to be done with it.
As far as moving aboard a boat Baldy, this is what we realized, we had a 1750 square foot house, we were either in the bedroom, in the living room or in the kitchen, we didn't give anything up when we moved aboard, we still have the bedroom, living room and kitchen (except its called a galley now) AND we still have one bedroom and one bathroom we don't use (except when guests come).
Our plans now and being rid of this anchor helps, are within the next few years depending on finances to take off and cruise the bahamas and possibly eventually the southern Caribbean, once I'm sure i have no intention of coming back to the US I'll anchor up in Havana Bay and spend a few years there
For now we're just working and investing the extra cash and the sooner those investments pay off the sooner we end up cruising, so it could be a year it could 5 years. I've still got some outfitting to do on the boat, id like to get a 12 volt watermaker, ice machine, redo the counters with granite and a few things like that.
04-17-2009, 10:57 PM
#12
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Join Date: Feb 2003
Location: Calgary
Posts: 564
Originally Posted by treceb' post='920610' date='Apr 17 2009, 10:44 AM
was this the same house u had since moving south?
where have you been? was 7club down again.
i think he meant to the republic of texas.
where have you been? was 7club down again.
i think he meant to the republic of texas.
I wouldn't mind Texas , or basically, anywhere warmer that has a roadcourse track.. Every year I grow a little more tired of Canada, its Liberalism and rampant socialism..
I have done quite well with owning property, my first house I bought for 45,900.00, lived in it for 13 years and sold it for 231,900.00.. I know the market in the states has gone backward, but now is also the time to buy some of it up, its a bargain.
04-18-2009, 12:03 AM
#14
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Yea well just make sure you can afford the taxes, they keep going up, the county our house was in wants an 11% increase this year.
Do you truly own something that can be taken from you for failure to pay a fee? Even if my house were paid for outright i would owe $500 a month in taxes and insurance, with taxes going up another 11% this year and most likely even more next year if I were unable to pay that $4000 per year and $5000 next year, if I say lost my job or was short on money then the state would foreclose on my property and evict me, just the same as if I failed to pay my rent. So I guess it's a fine line between being an "owner" and a "tenant", one might argue we are merely a tenant of the state. Semantics I guess, but when you eliminate the potential for future gains, stop looking at a home as an "investment" and start to look at it as a shelter it changes the way I see home "ownership". I think the only true part of home "ownership" is the "owe" part of it
Our government from the local all the way up to the federal is spending money faster then they can tax it out of the hands of its citizens.
As for me there is no duty to pay on my home, no rent, if times get tough I don't lose my home, i just drop my anchor, no taxes, hell i can even move it to a foreign country if I feel so inclined, so in effect I am no longer "chained to the dream they've got you searching for", i owe no one anything, I am debt and property tax free. I make my own power and water too.
Do you truly own something that can be taken from you for failure to pay a fee? Even if my house were paid for outright i would owe $500 a month in taxes and insurance, with taxes going up another 11% this year and most likely even more next year if I were unable to pay that $4000 per year and $5000 next year, if I say lost my job or was short on money then the state would foreclose on my property and evict me, just the same as if I failed to pay my rent. So I guess it's a fine line between being an "owner" and a "tenant", one might argue we are merely a tenant of the state. Semantics I guess, but when you eliminate the potential for future gains, stop looking at a home as an "investment" and start to look at it as a shelter it changes the way I see home "ownership". I think the only true part of home "ownership" is the "owe" part of it
Our government from the local all the way up to the federal is spending money faster then they can tax it out of the hands of its citizens.
As for me there is no duty to pay on my home, no rent, if times get tough I don't lose my home, i just drop my anchor, no taxes, hell i can even move it to a foreign country if I feel so inclined, so in effect I am no longer "chained to the dream they've got you searching for", i owe no one anything, I am debt and property tax free. I make my own power and water too.
04-18-2009, 07:05 AM
#15
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Join Date: Feb 2003
Location: Calgary
Posts: 564
That does change things a bit, my property taxes were only 1200.00 a year here.. But my income was taxed at 46% at the same time, so they get you one way or the other, I am guessing your income tax was no near mine.
We do have to pay a reasonable amount for infrastructure, but as we see here now as well, municipal spending gets way out of hand sometimes when politicians start using public money to build their own hobby horses.
Also its increasingly apparent that government at every level has no modesty in their purchases, they tend to go way overboard into luxury and extravagance when purchasing things that should be a mere appliance, be it a building or vehicle. I often notice here that government replaces things here not because its useful purpose has been worn out, just its fashion or style has worn out, which is not a sound reason for public enterprise to go on a spending spree.
That's one thing I really noticed about Japan, its government buildings were older, sometimes very drab, but they still served a core purpose of just providing a service. Where as here, our governments tend to knock down and renovate every 3 or 4 years. The building still has useful life, , but its aesthetically tired in the eyes of the officials and they want to have some fun spending some of your money..
I really got cynical about municipal employees spending habits when I had to meet a water department employee at a building site and he was driving a city owned Denali loaded with leather..
We do have to pay a reasonable amount for infrastructure, but as we see here now as well, municipal spending gets way out of hand sometimes when politicians start using public money to build their own hobby horses.
Also its increasingly apparent that government at every level has no modesty in their purchases, they tend to go way overboard into luxury and extravagance when purchasing things that should be a mere appliance, be it a building or vehicle. I often notice here that government replaces things here not because its useful purpose has been worn out, just its fashion or style has worn out, which is not a sound reason for public enterprise to go on a spending spree.
That's one thing I really noticed about Japan, its government buildings were older, sometimes very drab, but they still served a core purpose of just providing a service. Where as here, our governments tend to knock down and renovate every 3 or 4 years. The building still has useful life, , but its aesthetically tired in the eyes of the officials and they want to have some fun spending some of your money..
I really got cynical about municipal employees spending habits when I had to meet a water department employee at a building site and he was driving a city owned Denali loaded with leather..
04-18-2009, 08:05 AM
#16
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Originally Posted by phinsup' post='920640' date='Apr 18 2009, 01:03 AM
Yea well just make sure you can afford the taxes, they keep going up, the county our house was in wants an 11% increase this year.
Do you truly own something that can be taken from you for failure to pay a fee? Even if my house were paid for outright i would owe $500 a month in taxes and insurance, with taxes going up another 11% this year and most likely even more next year if I were unable to pay that $4000 per year and $5000 next year...
Do you truly own something that can be taken from you for failure to pay a fee? Even if my house were paid for outright i would owe $500 a month in taxes and insurance, with taxes going up another 11% this year and most likely even more next year if I were unable to pay that $4000 per year and $5000 next year...
Wow!
We paid "only" $2800 in house taxes last year, but I know it's going up. Not sure how much.
And if I could sell this place for the county assessment right now, I would jump at the offer!
04-18-2009, 08:55 AM
#17
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Join Date: Feb 2003
Location: Calgary
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Originally Posted by 1988RedT2' post='920651' date='Apr 18 2009, 05:05 AM
Wow!
We paid "only" $2800 in house taxes last year, but I know it's going up. Not sure how much.
And if I could sell this place for the county assessment right now, I would jump at the offer!
We paid "only" $2800 in house taxes last year, but I know it's going up. Not sure how much.
And if I could sell this place for the county assessment right now, I would jump at the offer!
They are trying to tell me my current house's value is 397,000.00 even though I payed 345,000 for it last year in a falling market, and my bank assessed it at 349,000.
04-18-2009, 09:32 AM
#18
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It really doesn't matter they lowered assessed values here and significantly increased the property tax, taxes went up not down even though values went down. They have no concept of "budget" the budget is merely a number they NEED to run the local and state gov't and they will levy taxes accordingly.
Oh and let's not forget the other "owned" in ownership. Let's assume you are paying your taxes, that doesn't me you necessarily still "own" the property, if for the greater good of the majority they decide they "need your property, guess what you don't "own" it anymore. They decided to widen a road here 4 years ago and place a park down one side, they grabbed the houses on both sides of the street, literally nabbed 100's of homes from home"owners" below market value of course, they bulldozed them and then couldn't get the permits to get accross the river, then ran out of money, now they are abandoned lots. Supreme Court ruled on a case in california that if they could build something of greater value, with a higher tax base they could claim eminent domain, so again if McDonalds could use your lot you're no longer an "owner".
So there's a number of things that can invalidate your state lease on property, sorry I meant your "ownership" of said property. LOL maybe they've already provided your property as collateral for loans from china, wouldn't that be an easy eminent domain? Sorry we are going to take americans property in order to satisfy our debt obligations with foreign countries. Just out of curiosity you think they'd start with Bill Gates house or yours?
My guess is, in 5 years americans effective tax rate will be significantly higher then 46%, there really is no way around it. Especially when you consider sales taxes, property taxes and income taxes combined, hell when it's all said and done I'd surprised if 46% would pay the INTEREST on the T-bills we've sold to fund our debt.
Oh and let's not forget the other "owned" in ownership. Let's assume you are paying your taxes, that doesn't me you necessarily still "own" the property, if for the greater good of the majority they decide they "need your property, guess what you don't "own" it anymore. They decided to widen a road here 4 years ago and place a park down one side, they grabbed the houses on both sides of the street, literally nabbed 100's of homes from home"owners" below market value of course, they bulldozed them and then couldn't get the permits to get accross the river, then ran out of money, now they are abandoned lots. Supreme Court ruled on a case in california that if they could build something of greater value, with a higher tax base they could claim eminent domain, so again if McDonalds could use your lot you're no longer an "owner".
So there's a number of things that can invalidate your state lease on property, sorry I meant your "ownership" of said property. LOL maybe they've already provided your property as collateral for loans from china, wouldn't that be an easy eminent domain? Sorry we are going to take americans property in order to satisfy our debt obligations with foreign countries. Just out of curiosity you think they'd start with Bill Gates house or yours?
My guess is, in 5 years americans effective tax rate will be significantly higher then 46%, there really is no way around it. Especially when you consider sales taxes, property taxes and income taxes combined, hell when it's all said and done I'd surprised if 46% would pay the INTEREST on the T-bills we've sold to fund our debt.
04-19-2009, 03:27 PM
#19
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Location: Amityville, New York
Posts: 12,288
$1200 in taxes- come on max I pay more then that in village taxes!
Between my shop and my house I pay close to $30k a year in taxes, it makes me sick.
when you redo the counters with granite there are weight saving methods you can take, but with that kind of travel in mind maybe you should think of a larger boat?
Between my shop and my house I pay close to $30k a year in taxes, it makes me sick.
when you redo the counters with granite there are weight saving methods you can take, but with that kind of travel in mind maybe you should think of a larger boat?
04-19-2009, 05:01 PM
#20
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Originally Posted by Rob x-7' post='920694' date='Apr 19 2009, 04:27 PM
$1200 in taxes- come on max I pay more then that in village taxes!
Between my shop and my house I pay close to $30k a year in taxes, it makes me sick.
when you redo the counters with granite there are weight saving methods you can take, but with that kind of travel in mind maybe you should think of a larger boat?
Between my shop and my house I pay close to $30k a year in taxes, it makes me sick.
when you redo the counters with granite there are weight saving methods you can take, but with that kind of travel in mind maybe you should think of a larger boat?
Why would I want a larger boat? We've lived on board comfortably for 2 years, the owner and the builder retired onto this very same model and sailed around the world. We bought this boat with that very intention, in fact it's a perfect bluewater boat for doing just that, Bill Lapworth designed it to be a bluewater cruiser.
As far as the countertops I may end up going with corian i haven't decided, I would basically go with the thin granite and the bonded edge, I'm not really all that worried about weight at 22 tons I doubt a couple granite countertops will be much of a factor lol