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I even have a GB who's serving (owns a brewpub and a BBQ joint), and he said he couldn't get me in. Hard cap at 1000 attendees, which is going to be a lot for the venue.Only in BFE do these type of events sell out well in advance.So pissed. Forgot to buy my ticket to the Beer, Bacon, and Bourbon Fest on Saturday, and now it's sold out.
Fort Wayne?I even have a GB who's serving (owns a brewpub and a BBQ joint), and he said he couldn't get me in. Hard cap at 1000 attendees, which is going to be a lot for the venue.Only in BFE do these type of events sell out well in advance.So pissed. Forgot to buy my ticket to the Beer, Bacon, and Bourbon Fest on Saturday, and now it's sold out.
Fortunately I have all three of the featured comestibles at home, just not as much variety.
Yes.Fort Wayne?I even have a GB who's serving (owns a brewpub and a BBQ joint), and he said he couldn't get me in. Hard cap at 1000 attendees, which is going to be a lot for the venue.Only in BFE do these type of events sell out well in advance.So pissed. Forgot to buy my ticket to the Beer, Bacon, and Bourbon Fest on Saturday, and now it's sold out.
Fortunately I have all three of the featured comestibles at home, just not as much variety.
I don't think this math is right, unless you think certain houses are going to predictably appreciate faster than other houses. The likelihood is that both the house you're selling and the house you're buying will appreciate at roughly the same rate, so you won't make any extra money by buying the new house earlier.
Rich is not the same as high income. I'm just saying that building wealth should be his goal, not finding more and more ways to spend his high income. Combined with his previous ruminations about hating Big Law, hanging his own shingle, building independent wealth so he can do what he wants etc. Committing to a huge house on LI is not going to allow any of that to happen anytime soon.
Good questions. Yes, your right, we aren't limited to this specific house. We are expecting lots more to hit the market in the next couple months. The neighborhood is as good as ours. Frankly, neither has a ton of little kids running around, but people out here do "play dates" and classes and crap like that where you go over to people's houses. A new house, regardless of which we buy, would have more flat land, and thus more area for kids to run around.
For what it's worth, the current payment isn't an option. We have to do the work if we stay. The house is old and some of it b really bad shape. Kitchen is small and dark ad awful. Need another bedroom. Need to finish the basement for a playroom. Etc. So my nut if we stay, while less than in a big new house, would be more than our current.
Got it. If both houses go up at the same rate, selling/buying earlier will get you some money. But to break even on a 5% increase in purchase price, the houses would need to appreciate by something like 10% in less than a year. That seems like a bad bet, particularly because with every passing day, the time period for that 10% increase gets shorter. I don't see how it makes sense to do this before August.
This is a fair point. I think we get excited when we see awesome houses like this one hit the market, and just want to leap. But waiting the year/18 months does a couple things. It saves us those taxes on gains on the current home sale. It also means we would have a lot more money in reserves (at the end of this year I get my first year of equity partner payment, so I'll basically just be paid a pretty hefty limp sum end of year which would give us a cushion and some more flexibility on a down payment). You're right, this has to be the smart move. And maybe in the course of the year we have a better idea of whether we should do the work or move.
Definitely sounds like we are in the same boat. Waiting is probably the prudent thing; it's never the thing I've actually done in life, but with two little girls at home, I really need to be a lot more risk averse. On the bright side, I'm about 1.5 years away from doing this, and 1 or 2 or 3 years in the grand scheme is probably nothing but a blip, particularly if it makes the whole transition a lot less stressful.
