We sold our home for 16K above asking price. The asking price was 34K above what we spent on our new house. A young family of 5 from Chicago purchased the house because they wanted to get away from all the crime and violence.
- Inflation has increased the value of our home.
- Northern crime and violence has increased the value of our home,
- Northerners fleeing to the south has increased the value of our home.
My wife and I are very thankful for the above three items. Even after commissions, we made 50K on the transaction that we are going to use in the next few years to buy our FINAL VEHICLE.
We also invested money in a high interest return CD for 18 months, generating us 45K in interest. We are using this money to furnish our new home with new appliances, new furniture, new floors and odds and ends to make it look different from the home we are leaving. Or, should I say have left.
MY POINT...
The transaction from our old home to our new home provided us with NEW MONEY for which we will use to purchase a vehicle. And, the interest on our money is being used to spruce up our new home. WE HAVE NOT USED ANY OF OUR RETIREMENT SAVINGS...
That does not happen often with Middle Income American Families. The wealthy families do this all the time...
We purchased the home we just sold for 1/3 of what we sold it for 23 years ago.
Currently we have a 2015 Venza (top of the line) that we purchased in 2016 (it had been leased for a year). We own a 2015 Lexus NX also purchased in 2016. Both cars had low mileage and we saved several thousand dollars on each by buying one year old cars instead of new.
Our last vehicle WILL NOT BE AN EV. We do not want to have to wait in line to charge our battery nor do we want to wait several hours somewhere while our battery is charging.
It will be a hybrid vehicle or a gasoline powered vehicle. The only EV vehicle will might ever purchase will be a golf cart.
No comments:
Post a Comment