All Forum Posts by: Account Closed

Brie this is inspiring! I'm stuck in analysis paralysis and this post is helping me spur into action.

@J. Martin you are my idol! Hope I can make my move in 2016....!

Joining the meet-up later, hope you can share this there J Martin.

@Account Closed I'd like to keep the property if possible. Even prior to moving, the values and rental rates have already gone up due to forced appreciation in the area (massive gentrification) and I get to hold the price from last year. The developers actually prefer we get out of the deal because there's already a long line of buyers waiting. This location is also close to my place of work, just not the hubby's. Definitely agree the job has to make sense, so we are looking for options. Worse case we have family in the new job site so my husband can crash there during weekdays until we meet the 1 year clause and figure out next steps.

Thanks again, your time and insight are much appreciated.

This is a bummer, but thank you all for your replies

Hello all,

We put a hold deposit for a new primary residence condo unit that is being built. Closing has been delayed almost a year already due to construction issues, with now a closing date of June. We are doing conventional bank loan with 20% down.

We still want to move ahead with the purchase despite the delay. We found out earlier this year that my husband MAY potentially be required to move office location that is not within reasonable commuting distance of this primary residence. We can't confirm my husband's relocation as he is working for oil and gas and the industry is in a bit of a flux right now.

We intend to live in the condo but if he does relocate, which we will not find out before June, we need to move and plan to rent the unit. We can provide the paperwork from the office requesting him to relocate. This may be less than a year before we have lived there. Is this ok? Want to make sure we don't commit mortgage fraud.

Thanks all for your help.

Hello J, sorry to miss this but I have a biz trip this weekend. Looking forward to the next summit.

Thanks again Johnson! I learned a lot and had a great time talking most people. Till the next meet-up!....

This is a great post. I have a been a recent fan of Mr. Money Mustache. Coming from a third world country and having to raise a family of 6, my parents were naturally frugal. I was frugal as well but lost my way a bit in my late 20s --- still living below my means -- but frittering away on little luxuries like eating out instead of investing in assets. I'm trying to get back to my roots but not look at it from just muscling my way to frugality but from a minimalist lens where I really do not need much stuff to have a wonderful life. Really focusing on spending time with family, friends and to some extent, travel, which I value and not waste money on non-value added stuff or activities. @messaging @J. Martin

Anybody driving from San Francisco I can carpool with?