Comments on: I bought a home, now what?

By: What are You Willing to do for Financial Independence? - Money We Have

What are You Willing to do for Financial Independence? - Money We Have — Mon, 22 Oct 2018 04:06:33 +0000

[…] my wife and I went house hunting, we were approved for a million dollars, but we ended up buying a condo for less than half of that amount. I imagine that our lifestyle would be quite different if we […]

By: Barry Choi

Barry Choi — Fri, 27 Oct 2017 18:59:40 +0000

In reply to Amanda. Amanda, We always intended to pay bi-weekly so it wasn't easier if you know what I mean. For us, it was the only realistic option since it reduced our mortgage by 7 years.

By: Amanda

Amanda — Fri, 27 Oct 2017 17:54:34 +0000

do you find it easier to pay bi-weekly?

By: Amanda

Amanda — Fri, 27 Oct 2017 17:53:37 +0000

Duplicate of me. My husband and i went throught exactly the same thing

By: Piggy

Piggy — Sat, 25 Mar 2017 23:17:00 +0000

You do you! I’m so glad you and your wife found a home that fits YOUR needs. It can be frustrating to put up with opinions from people who aren’t in your situation and don’t understand your lifestyle. My parents have looked on in horror at my home-buying and renovating process because “What about the resale value?!” Meanwhile we’re making this house a home that works for US, not for the people who might eventually live here.
Anyway you’ll get no judgment from me. Congratulations. 😀

By: Thomas

Thomas — Mon, 13 Feb 2017 00:36:29 +0000

Re: Leaking showers, doorknobs, etc. I believe that 90% of home maintenance tasks can be done by any homeowner capable of reading instructions. And the more one does those maintenance tasks the easier they become as one builds a knowledge base / skill set. It surprises me how many people feel they can’t change out a light switch or repair or install a kitchen faucet. I guess not knowing keeps the handyman employed. I also understand some people have no interest in such tasks, but if you are a home / condo owner and want to talk about keeping the “money you have”, basic home maintenance skills go a long way.

By: Jing Jing (@superziajing)

Jing Jing (@superziajing) — Fri, 07 Oct 2016 02:08:06 +0000

This is so smart! I remember the time when I decided to invest in a condo and I also heard a lot of bad things regarding my decision. I know I did the right thing.

By: Barry Choi

Barry Choi — Wed, 07 Sep 2016 20:28:42 +0000

In reply to sherylsmolkin. Thanks Sheryl!

By: sherylsmolkin

sherylsmolkin — Wed, 07 Sep 2016 20:26:23 +0000

Congratulations Barry, Buying a home is an emotional as well as a financial decision. We have been homeowners for all 40 years of our marriage (3 houses) and I would not have had it any other way. It just feels different to live in our OWN place, not have to worry about moving unless we want to and decorating to our own taste. Also having $1million in equity is also a prettycool part of our retirement plan!

By: Barry Choi

Barry Choi — Wed, 07 Sep 2016 13:59:52 +0000

In reply to Farhan.

Farhan,

I actually purposely bought an older condo where the per square foot cost was less than $500. I’m well aware that 2.39% is ridiculously low for borrowing money which, but the 50% down was for peace of mind and allowed me to increase my monthly cash flow. As stated in the article, I have no intention of rushing to pay down my mortgage.

Thank you for sharing your comments and your perspective is exactly what the title of the post is all about.