Hello everyone, thank you so very much for all the posts!
I like to thank everyone individually or post a reply when others take their valuable time to share their wisdom and make suggestions, but I've been super busy doing research
, making plans and preparations while dealing with the rat race
in high gear
. My apologies for being slow to respond and say thank you to everyone. But, hopefully there is consolation in the fact that I'm sifting through everything I've learned here from all of you and applying what I feel fits best for me. I'm still learning
from everyone. I'm just not able to get to the computer as much these days.
So, if anyone is still following this thread, here's the plan as of this moment - oh, and the plan is subject to drastic changes in the blink of an eye. So, the plan:
First, I learned that my house has appreciated (allegedly) far more than I would have ever guessed. That puts me in a position to hang on to an appreciating asset and cut my already tiny mortgage by a half to two-thirds. That makes all the difference for retirement
finances. I haven't even listed the house yet and I have already had a tentative offer - there just are not a lot of houses in this price
range in this neighborhood. Two different neighbors a couple doors down both sold
their houses without ever listing them or putting a sign in the yard. So, hopefully my house will sell FAST! and at a tidy profit! If not, I'll be able to afford both mortgages, easily!
So, I'll spruce the place up, move out a bunch of stuff - basically stage the place and then find a house somewhere that I want to put an offer on.
I'm hoping to close on both houses within days of each other so I'm not doing a lot of couch surfing or living in a hotel
I am going to try to sneak in a quick sailing vacation
sometime prior to listing my house just to get a taste of this life I think I would love so much.
From there, I'll set my retirement
date to some time after closing on the houses, get my stuff moved to the new location and then, I'll be free to pursue any sailing dreams I choose.
I'm stunned at how wildly cheap
really nice houses can be in small midwestern towns and how cheap
some condos in S. Florida
The best part of my little plan, I think, is that the dirt cheap mortgage will allow me to keep an appreciating asset, have a place to return to when it becomes necessary or desirable, and I get to keep whatever "stuff" I choose and I will be able to get to the gulf coast
or either east or west coasts whenever I want and hopefully do some sailing with friends that I hope I meet along the way. Maybe I'll even meet my captain
So, if something I said is totally idiotic, please don't hesitate to let me know! I owe all of you great thanks for your amazing and generous posts full of so many good ideas - you have taught me so very much! I would never have been able to work
out a plan with any possibility of success if I had not stumbled upon this forum. You've helped me find my way from a pretty bleak place in my life to thinking it is entirely possible that more than my wildest dreams could actually come true. I offer you my most sincere and profound thanks.