Confessions of one sahm

iVillage Member
Registered: 01-09-2009
Confessions of one sahm
3365
Fri, 04-03-2009 - 1:58pm

I've been thinking about this *debate* lately, and I think that many of my

********
Ducky

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iVillage Member
Registered: 01-08-2009
Sun, 07-05-2009 - 3:27pm

It matters what your home is worth if you plan on selling it and using that money toward financing your retirement. That is what my mother did. She bought a home in the 1970s for about 13k (hard to believe now, and sold it for about 150K, and used some of the money she made to make her retirement easier.

As to what "most people" will do, I have no clue.




Edited 7/5/2009 3:28 pm ET by bordwithyou
iVillage Member
Registered: 03-26-2009
Sun, 07-05-2009 - 3:33pm
Not all people intend to sell their home though when the kids move out. I would not rely on how much my house is worth to retire.
iVillage Member
Registered: 03-26-2009
Sun, 07-05-2009 - 3:36pm

Sounds like you an amilla are "assuming" others will do the same though.


13K doesn't seem hard to believe as my parents paid $28K for their house in the early 70's.

iVillage Member
Registered: 01-08-2009
Sun, 07-05-2009 - 3:38pm
I wouldn't either.
iVillage Member
Registered: 01-08-2009
Sun, 07-05-2009 - 3:39pm
Why does it sound to you like Amilla and I are assuming that other people will sell their homes when they retire? If you are NOT planning on selling your home when you retire, it makes even less sense for your home to be your biggest asset.
iVillage Member
Registered: 03-26-2009
Sun, 07-05-2009 - 3:41pm

No, you can't assume you WON'T ever sell your house so it could by your biggest asset.


What about renters? You never answered that question :)

iVillage Member
Registered: 01-08-2009
Sun, 07-05-2009 - 3:46pm
Yes, I did answer that question! I am not sure what you are talking about now, in terms of whether your home should be your biggest asset or not.
iVillage Member
Registered: 03-26-2009
Sun, 07-05-2009 - 3:47pm

Which post?


Yes, I still believe that your home could be your biggest asset.

iVillage Member
Registered: 01-08-2009
Sun, 07-05-2009 - 3:48pm

I believe that your home "could be" your biggest asset, and for some people, it is. I just don't see how that is smart.

BTW, I answered yr question about renters in post 2827.




Edited 7/5/2009 3:52 pm ET by bordwithyou
iVillage Member
Registered: 03-26-2009
Sun, 07-05-2009 - 3:52pm

How what is smart? To own a home? To have something that is worth alot of money?


Again, how do renters figure out what they should have?

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