debodun
SF VIP
- Location
- way upstate in New York, USA
Not surprising after buying a house, but added to that, my Franklin Templeton investment was down over $1500. I'm going to have to have a BIG moving sale!
My bank account down over $277000
- Thread starter debodun
- Start date
hollydolly
SF VIP
- Location
- London England
you're lucky you live in the USA..and even more amazing that it's in NYS.. because a house like the one you''ve just bought would cost at least £750k..in the area where I live...
Aunt Bea
SF VIP
- Location
- Near Mount Pilot
My bank account down over $277000
Don’t you just hate it when that happens.
debodun
SF VIP
- Location
- way upstate in New York, USA
I'm not surprised, I expected it. I just can't gloat over being a millionaire anymore - at least until I can build up my account which will probably take about 2 years. 
debodun
SF VIP
- Location
- way upstate in New York, USA
Well, I don't gloat publicly, just mentally.
Lara
Friend of the Arts
- Location
- Mid-Atlantic Coast
No worries, the sale of your house will offset the purchase price of your new home. You own 2 houses without a mortgage right now...right?
Last edited:
Knight
Well-known Member
debodun says
My bank account down over $277000
And that's just the beginning.
Small stuff like.
Larger lawn will need lawn maintenance like fertilizer & grass cutting. Snow removal on driveway if accumulation requires professional removal.
Larger stuff.
Increased heating cost due to the open land around your home not blocking winter winds. I think high ceilings was a selling feature, but since heat rises comfort level may require higher thermostat settings. Exterior maintenance that back porch will take it tough in the heat of summer & cold of winter.
Longer term added to small & larger
No wall paper so painting to keep interior clean & fresh looking will be needed in the future. Long driveway will need sealer occasionally.
Yearly
Property taxes probably higher & more likely than not will increase as time passes.
But on the bright side you have a home to sell & hopefully regain some capital for your bank account Meanwhile you have a nice new home to take care of, & the money spent will help the local economy.
My bank account down over $277000
And that's just the beginning.
Small stuff like.
Larger lawn will need lawn maintenance like fertilizer & grass cutting. Snow removal on driveway if accumulation requires professional removal.
Larger stuff.
Increased heating cost due to the open land around your home not blocking winter winds. I think high ceilings was a selling feature, but since heat rises comfort level may require higher thermostat settings. Exterior maintenance that back porch will take it tough in the heat of summer & cold of winter.
Longer term added to small & larger
No wall paper so painting to keep interior clean & fresh looking will be needed in the future. Long driveway will need sealer occasionally.
Yearly
Property taxes probably higher & more likely than not will increase as time passes.
But on the bright side you have a home to sell & hopefully regain some capital for your bank account Meanwhile you have a nice new home to take care of, & the money spent will help the local economy.
RadishRose
SF VIP
- Location
- Connecticut, USA
That area of NYState is rural and not as sought after
RadishRose
SF VIP
- Location
- Connecticut, USA
I don't think that old wallpaper ever saw a cleaning.
Time for a new start.
hollydolly
SF VIP
- Location
- London England
yep and as you know we're also rural here .. 20 miles outside London... try buying something like that in London and you'd be talking a Million plus...
OneEyedDiva
SF VIP
- Location
- New Jersey
What is that in U.S. dollars HD? I can never keep up with those things.
![b69ad62460656b37efc1ec96fac652f4[1].gif](https://www.seniorforums.com/data/attachments/158/158706-9bafb30afeed441def6a8ce9d85df083.jpg "b69ad62460656b37efc1ec96fac652f4[1].gif")
hollydolly
SF VIP
- Location
- London England
OED..at the current exchange rate.. £750,000 equates to exactly $1,036,426 US dollars
OneEyedDiva
SF VIP
- Location
- New Jersey
Thank you.
@debodun I never remember seeing you "gloat" about your wealth but then again, I've only been on the forum for 5 years.
There are plenty of people who'd love to have what you have but don't even have 1/10 of a percent of that!
Knight
Well-known Member
Then there is the real potential as building supplies come down & more housing becomes available the value of the home will decrease. Hopefully not as bad as what happened when the housing bubble happened.
debodun
SF VIP
- Location
- way upstate in New York, USA
Like I mentioned, I don't gloat publicly, just to myself.Thank you.
@debodun I never remember seeing you "gloat" about your wealth but then again, I've only been on the forum for 5 years.
LOL - like on this.........."private" forum?
I think "Millionaire" doesn't only involve cash; it's also property.I'm not surprised, I expected it. I just can't gloat over being a millionaire anymore - at least until I can build up my account which will probably take about 2 years.
Gaer
"Angel whisperer"
- Location
- New Mexico U.S.A.
Let events of no concern pass without mention.
Knight
Well-known Member
The post about account being down $277,000.00 doesn't make sense to me. Earlier post about the home cost of $288,000.00. Then another post that a new roof paid by her will be $8,000.00. Quick math $296,000.00 puts the difference at $19,000.00.
I as a promoter of donating or trashing her yard sale items am having 2nd. thoughts. That under the table $19,000.00 probably paid that difference. Plus she states she hopes to recoup her decline in two years. I Hope she does.
I as a promoter of donating or trashing her yard sale items am having 2nd. thoughts. That under the table $19,000.00 probably paid that difference. Plus she states she hopes to recoup her decline in two years. I Hope she does.
hollydolly
SF VIP
- Location
- London England
just a small question.. why are you addressing Deb in the 3rd person, when she's the OP of this tread... ..just wondering..
Knight
Well-known Member
I thought it logical to address the money that was posted as the theme of the thread.just a small question.. why are you addressing Deb in the 3rd person, when she's the OP of this tread... ..just wondering..