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Need Patnetters Help - Life Situation


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2022 Mar 6, 6:42pm   10,426 views  167 comments

by porkchopXpress   ➕follow (1)   💰tip   ignore  

My wife and two high-schoolers currently live in the San Diego area renting a house. Since getting a new job last Fall that's fully remote, I've been pushing to move out of CA for more freedom, lower taxes, and to avoid the new vaccine mandate for K-12 students. My wife had the jab and is fine with our sons getting it to stay in CA, but I'm adamantly against it for all of the obvious reasons...they've even had Covid already.

We all decided that the Nashville area (i.e., Franklin/Brentwood) is where we'd all agree to move this Summer, but the house prices are INSANE. We've only ever rented and she will NOT agree to moving to another rental; she wants to buy. So, I'm stuck between stretching ourselves a bit to buy a $1.4M home in Nashville area, or staying in our current rental but making our boys get the vaccine to stay in school. My boys are already bummed about the thought of switching high schools, so they'd be willing to get the vaccine to stay in their current school. I feel like I'm alone in fighting against the easier path, which is clearly staying put in our current place until they finish school.

What would you guys do?

P.S. Given the no state income tax and the down payment I've saved up, I could theoretically make a $1.4M work but it's beyond what I'd prefer to pay. I'm also scared shitless that housing is going to crash, but what if it doesn't?

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148   mostly reader   2022 Mar 9, 8:24pm  

SunnyvaleCA says
So I'm getting a 3x increase on the full purchase price of the house minus the interest I paid on the mortgage verses the S&P 500 gain I would realize by dollar-cost-averaging stock purchase over the last 20 years.
There's something else to be added to this: past performance is not an indicator of the future performance. This applies to both housing and S&P500. Ideally you'd have both, somewhat evenly matched in value. Because diversification.
149   Al_Sharpton_for_President   2022 Mar 10, 3:05am  

porkchopexpress says
Good advice. Thanks.
I’d advise against a townhome, unless fully detached. You are really rolling the dice on having a decent neighbor or not. Even if you meet the neighbors before you buy and they seem decent, they can move or turn out to be A holes. A house on your own plot is less risky.
150   Patrick   2022 Mar 11, 1:37pm  

Yes, a friend of my dad's said that the only house he would buy is one where he can walk entirely around the house. At the time it sounded odd to me, but now I understand.
151   GreaterNYCDude   2022 Mar 12, 6:18pm  

Patrick says
the only house he would buy is one where he can walk entirely around the house.

I'll one up you. I was looking (and found) a house where I can walk around it in the buff. I have enough woods as a buffer that I can't see my neighbors in the summer
152   FortwayeAsFuckJoeBiden   2022 Mar 12, 6:22pm  

Patrick says
Yes, a friend of my dad's said that the only house he would buy is one where he can walk entirely around the house. At the time it sounded odd to me, but now I understand.


That’s what we got in Idaho. Land of potatoes. Moving in summer after school year ends.
153   porkchopXpress   2022 Mar 14, 11:31am  

Well, after many frustrating attempts to bid on houses and seeing how expensive and overpriced homes are, I finally have my wife convinced to rent a house if it's relatively nice. So, I've made good progress over here and I'm so glad we don't have to buy right now.

Thanks again for all your advice and validate that I'm not going too crazy.
154   Ceffer   2022 Mar 14, 12:13pm  

Fortwaynemobile says
That’s what we got in Idaho

According to Benjamin Fulford, when the Biden regime finally implodes on itself and falls apart from internal corruptions and the US Corporation is laid to rest decisively, and the foreign occupied foreign city state of Washington DC is flushed, then Idaho may become the location of the new capital of the re-constituted USA, because heartland rather than slave of Euro conspiracies. He also thinks there is a chance of Canada or large segments thereof and Mexico joining a union. The British Commonwealth has expired, and even Australia may eventually join a union.

This all sounds a bit dodgy hopium to me, but no more strange than the actual unwinding events of the last couple of years.
155   Tenpoundbass   2022 Mar 14, 12:24pm  

I'm sorry I didn't weigh in PCE but I don't think I have any advice to offer on a 1.5 million dollar spread.
Eventually I would like to get the hell out of Florida, I would have been gone by now, if not for DeSantis. I don't think I'll ever be able to pull the wife out of here.
She has her Sisters here, and our three adult daughters live here. I would like to buy a rural spread and give our two young boys a farm upbringing.
I may keep the SF house, and move between the two. Snowbird in SF perhaps.
156   porkchopXpress   2022 Mar 14, 3:14pm  

Tenpoundbass says
I'm sorry I didn't weigh in PCE but I don't think I have any advice to offer on a 1.5 million dollar spread.
Eventually I would like to get the hell out of Florida, I would have been gone by now, if not for DeSantis. I don't think I'll ever be able to pull the wife out of here.
She has her Sisters here, and our three adult daughters live here. I would like to buy a rural spread and give our two young boys a farm upbringing.
I may keep the SF house, and move between the two. Snowbird in SF perhaps.
Thanks TPB. Just curious...why do you hate FL?
157   Tenpoundbass   2022 Mar 14, 3:39pm  

It's too flat, but not Florida mostly South Florida. But it's changing politically to some degree.

I would like to get some land in the Carolina mountains somewhere.
158   FortWayneAsNancyPelosiHaircut   2022 Mar 14, 3:39pm  

Ceffer says
Fortwaynemobile says
That’s what we got in Idaho

According to Benjamin Fulford, when the Biden regime finally implodes on itself and falls apart from internal corruptions and the US Corporation is laid to rest decisively, and the foreign occupied foreign city state of Washington DC is flushed, then Idaho may become the location of the new capital of the re-constituted USA, because heartland rather than slave of Euro conspiracies. He also thinks there is a chance of Canada or large segments thereof and Mexico joining a union. The British Commonwealth has expired, and even Australia may eventually join a union.

This all sounds a bit dodgy hopium to me, but no more strange than the actual unwinding events of the last couple of years.


I don't see it happening. This place is too rural. A lot of new construction, but most of it is sold prior to being built even, mostly to people leaving CA. There are still no major industries here, it's a great place to do construction work or own a farm. Apparently big name here is the guy who sells potatoes to McDonalds from the day they started. Was a neat history lesson there.
159   porkchopXpress   2022 May 29, 7:22am  

Well, we’re trying to close on a beautiful house in Franklin area. The seller is desperate because their original buyer backed out and we’re getting a good value considering the market. Ultimately when running the buy vs rent financials, buying this house is easily the better option even though I still think we’re headed for recession. It’s well within our means and I can finally end the pains of having a landlord, not worrying about rent increases or getting kicked out, and doing what we want to the house. Best news? Leaving Kommiefornia. We’re all really excited.

I appreciate all the advice.
160   Bd6r   2022 May 29, 7:38am  

porkchopexpress says
smallpox pandemic.

Appears that you have excellent prediction skills
161   FortwayeAsFuckJoeBiden   2022 May 29, 8:20am  

if it helps any. friend moved to tennessee, more rural, still cheap. cities are expensive, but you go outside and its cheap
162   porkchopXpress   2022 May 29, 6:23pm  

Bd6r says

porkchopexpress says
smallpox pandemic.

Appears that you have excellent prediction skills
Not sure about that, but thanks for the compliment. I still believe we're headed for economic pain and the price of my house will go down, but I plan on living there for a long time. If I get into investment properties/rentals, this coming recession will be gold for those with extra cash to pounce.
163   HeadSet   2022 May 29, 6:40pm  

porkchopexpress says
this coming recession will be gold for those with extra cash to pounce.

I certainly hope so.
164   Shaman   2022 Sep 16, 12:50pm  

Anyone still wanting to buy a house near Nashville? My acquaintance is selling his in Greenbrier. 5 bed, 5k sqf. New construction with a lot of extras.

https://www.zillow.com/homedetails/139-Empson-Dr-Greenbrier-TN-37073/80375447_zpid/
165   HeadSet   2022 Sep 16, 1:09pm  

Shaman says

Anyone still wanting to buy a house near Nashville? My acquaintance is selling his in Greenbrier. 5 bed, 5k sqf. New construction with a lot of extras.

https://www.zillow.com/homedetails/139-Empson-Dr-Greenbrier-TN-37073/80375447_zpid/

Maybe a mis link here - that is not new construction. Interesting, the asking price is nearly triple from what it sold at in 2015.
166   Al_Sharpton_for_President   2022 Sep 16, 1:37pm  

HeadSet says

Interesting, the asking price is nearly triple from what it sold at in 2015.

Greedheads be gettin' their comeuppance. Verily.
167   WookieMan   2022 Sep 16, 2:26pm  

Shaman says

Anyone still wanting to buy a house near Nashville? My acquaintance is selling his in Greenbrier. 5 bed, 5k sqf. New construction with a lot of extras.

I like helping people but that is builder grade stuff. That's not quality. Value must be in the land? It's got the classic make it look good feel. Tray ceilings, crown molding and then..... bottom of the barrel cabinetry and plumbing fixtures. It's a lipstick on a pig house dude. Sorry if that offends, but I've been in a couple thousand houses and condos. Might work for Trashville, but that ain't $1M in my world. Must be a good school district?

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