Originally Posted by Shrew
You bought a house 3.5 years ago with little equity and then decided to prepare for a 1 yr cruise
with small children
Do you actually have a plan? Or a plan du jour?
We move 3 yrs ago b/c the company that pays the bills moved us. We bought a house with 20% down, which is pretty typical. NJ is much more expensive than upstate NY where we used to be. the national average 2,300 sq ft house costs about $750,000 in this area... we have a smaller, less costly house, but still expensive. We bought a blue water
capable boat (1975 Tartan 41) 4 years ago when we hatched this plan. We have been outfitting her for cruising with solar
, a watermaker
, windlass/chain/anchor, new standing rig, etc.. We've also saved our kitty. We are doing our best to plan and I wouldn't be asking this real estate question 8 months before we leave if I was a fly-by-night. I am a planner, more than most I've met.
Originally Posted by Dave22q
It may be customary for house leases to be renewable on NJ but it is no big deal to draft
without a renewal clause. Check with a local lawyer but I feel pretty sure that omitting any option for renewal and providing a notice to vacate some reasonable period before expiration is about all you would need. . . .
It seems like your plan for a long cruise
may be inconsistent with your situation. Think twice before jumping into anything.
Agree on the legal
side. My friend will do the property management. I trust him, he leaves his kids
with me! yeah, Living in NJ is inconsistent with our wishes to experience a more simple life that's more in harmony with mother nature and not stripping the earth of resources and go cruising. Unfortunately, our jobs, which financially made it possible to cruise, have also taken us down the 'American defined success' in which we live in the rat race
, have little free time and rob from the earth. I don't feel successful even with a 6 fig income
. I wish terms like happiness, friendship, and contentment where related to success in American society. but I can't change that... No, we are not living consistently with cruising. We're Trying to figure that out now, while still giving our kids
a good chance to be successful by American standards if they choose to in the future. We pay a lot for the house, but we do get good schools from that.