Dottleshead ★ Posted January 22, 2021 Share #1 Posted January 22, 2021 I go sign my closing papers in about 3 hours and depart with a substantial amount to make down payment. The house officially closes on Monday when I get my keys. Selling my old home, paying off most debt, downsizing, and moving to a couple counties over is going to substantially improve my financial situation. This was the right move for us -- plus it's where we want to be. Bonus. But with this country owing like 27 trillion dollars or whatever, and polarization, I can expect that the economy is going to collapse and their will be social unrest, yah? Should I even worry then that I'll probably lose my jobs and be unable to make payments? 2 Link to comment Share on other sites More sharing options...
maddmaxx ★ Posted January 22, 2021 Share #2 Posted January 22, 2021 Bubble boy. I hope things go well for the next several decades. But I'll be satisfied if they go well for one more decade. 1 Link to comment Share on other sites More sharing options...
Dottleshead ★ Posted January 22, 2021 Author Share #3 Posted January 22, 2021 Serious question, you asshats. Link to comment Share on other sites More sharing options...
Razors Edge ★ Posted January 22, 2021 Share #4 Posted January 22, 2021 6 minutes ago, Dottles said: Should I even worry then that I'll probably lose my jobs and be unable to make payments? Yes. Not because what you mention, but simply because EVERYONE should worry about and plan for that sort of thing. If you plan for the former (job loss) properly, the latter (unable to make payments) doesn't happen for a long while down the road if ever. But this sounds GREAT! and should take a lot of pressure off your shoulders: 8 minutes ago, Dottles said: Selling my old home, paying off most debt, downsizing, and moving to a couple counties over is going to substantially improve my financial situation. Congrats!!!! Link to comment Share on other sites More sharing options...
Randomguy Posted January 22, 2021 Share #5 Posted January 22, 2021 1 minute ago, Dottles said: Serious question, you asshats. Yes, be worried. 1 Link to comment Share on other sites More sharing options...
Dottleshead ★ Posted January 22, 2021 Author Share #6 Posted January 22, 2021 Just now, maddmaxx said: Bubble boy. I hope things go well for the next several decades. But I'll be satisfied if they go well for one more decade. The bubble I was in was going to pop. I had to find a new, smaller bubble. Link to comment Share on other sites More sharing options...
Dottleshead ★ Posted January 22, 2021 Author Share #7 Posted January 22, 2021 Just now, Razors Edge said: Yes. Not because what you mention, but simply because EVERYONE should worry about and plan for that sort of thing. If you plan for the former (job loss) properly, the latter (unable to make payments) doesn't happen for a long while down the road if ever. But this sounds GREAT! and should take a lot of pressure off your shoulders: Congrats!!!! Should I buy a gun? Link to comment Share on other sites More sharing options...
Razors Edge ★ Posted January 22, 2021 Share #8 Posted January 22, 2021 5 minutes ago, Dottles said: Should I buy a gun? You're in the rural burbs! I'd hope that was one of the "freebies" they are throwing in at closing. WTF??? 2 Link to comment Share on other sites More sharing options...
Airehead Posted January 22, 2021 Share #9 Posted January 22, 2021 It will be painful but you will survive the ebb and flow of the US economy 2 Link to comment Share on other sites More sharing options...
maddmaxx ★ Posted January 22, 2021 Share #10 Posted January 22, 2021 34 minutes ago, Airehead said: It will be painful but you will survive the ebb and flow of the US economy This is true............or at least true if any of us survive. 1 Link to comment Share on other sites More sharing options...
jsharr ★ Posted January 22, 2021 Share #11 Posted January 22, 2021 1 hour ago, Dottles said: Serious question, you asshats. I am unable to give serious answers. Please try again later. 2 Link to comment Share on other sites More sharing options...
BuffJim Posted January 22, 2021 Share #12 Posted January 22, 2021 Put it all on red. 2 Link to comment Share on other sites More sharing options...
Mr. Silly Posted January 22, 2021 Share #13 Posted January 22, 2021 2 hours ago, Dottles said: Should I even worry then that I'll probably lose my jobs and be unable to make payments? That would have been an issue whether you sold your old house or not. 3 Link to comment Share on other sites More sharing options...
12string Posted January 22, 2021 Share #14 Posted January 22, 2021 2 hours ago, Dottles said: I go sign my closing papers in about 3 hours and depart with a substantial amount to make down payment. The house officially closes on Monday when I get my keys. Selling my old home, paying off most debt, downsizing, and moving to a couple counties over is going to substantially improve my financial situation. This was the right move for us -- plus it's where we want to be. Bonus. But with this country owing like 27 trillion dollars or whatever, and polarization, I can expect that the economy is going to collapse and their will be social unrest, yah? Should I even worry then that I'll probably lose my jobs and be unable to make payments? This is one of the best ways to enter into an investment - a good handle on expectations for the coming few years. Link to comment Share on other sites More sharing options...
12string Posted January 22, 2021 Share #15 Posted January 22, 2021 1 hour ago, Dottles said: Serious question, you asshats. You came to the wrong place! Don't worry about the $29trillion (it went ups since your last post). I expect a large portion of that to be recovered by reversing tax cuts for the wealthy.. There's a collapse coming, but only in the stock market, which has zero to do with the economy. As for job losses, nope, there will be large gains as the COVID gets under control. That's the question mark - most of those gains will be people going back to the same service jobs they lost. Not sure how that affects everyone who's employed now. 1 Link to comment Share on other sites More sharing options...
jsharr ★ Posted January 22, 2021 Share #16 Posted January 22, 2021 Just now, 12string said: You came to the wrong place! Don't worry about the $29trillion (it went ups since your last post). I expect a large portion of that to be recovered by reversing tax cuts for the wealthy.. There's a collapse coming, but only in the stock market, which has zero to do with the economy. As for job losses, nope, there will be large gains as the COVID gets under control. That's the question mark - most of those gains will be people going back to the same service jobs they lost. Not sure how that affects everyone who's employed now. And you should be getting $2800 per couple from the new regime to help offset the 31 trillion. (yep it went up again) So there is that. Link to comment Share on other sites More sharing options...
jsharr ★ Posted January 22, 2021 Share #17 Posted January 22, 2021 Is anyone else as surprised as I am to find Dottles has a soul? 1 2 Link to comment Share on other sites More sharing options...
Dirtyhip Posted January 22, 2021 Share #18 Posted January 22, 2021 Not being able to make payments is a concern that you look at before you sign. We are bleeding cash here for sure. 2 appliances this morning, one garage door with install, and some fencing supplies. We spent about 8 thousand dollars before noon today. 1 1 Link to comment Share on other sites More sharing options...
Razors Edge ★ Posted January 22, 2021 Share #19 Posted January 22, 2021 1 minute ago, Dirtyhip said: some fencing supplies Like an epee and matching mask? 2 1 Link to comment Share on other sites More sharing options...
Kirby Posted January 22, 2021 Share #20 Posted January 22, 2021 Who knows what the future holds. All we can do is be as prepared as possible, and downsizing your house (which will also decrease other bills such as property taxes and utilities) is a good step. Congrats, on the new home, Dottles. A new home is always a little scary, but far more exciting. Link to comment Share on other sites More sharing options...
Kzoo Posted January 22, 2021 Share #21 Posted January 22, 2021 Hey, if things don't work out for you I found a tiny home for sale you can setup along with a new he shed. A cool $8,500 and you can haul it home. https://www.facebook.com/commerce/listing/689228991720919/?ref=share_attachment 1 2 Link to comment Share on other sites More sharing options...
Dirtyhip Posted January 22, 2021 Share #22 Posted January 22, 2021 We will soon be able to gate out the riff raff 2 Link to comment Share on other sites More sharing options...
Popular Post Dottleshead ★ Posted January 22, 2021 Author Popular Post Share #23 Posted January 22, 2021 I'm in. We pick up keys Monday. 1 6 Link to comment Share on other sites More sharing options...
Dirtyhip Posted January 22, 2021 Share #24 Posted January 22, 2021 Congratulations 🍾 We have no walls or a rooftop 1 Link to comment Share on other sites More sharing options...
Dottleshead ★ Posted January 22, 2021 Author Share #25 Posted January 22, 2021 8 minutes ago, Dirtyhip said: Congratulations 🍾 We have no walls or a rooftop But it'll be fun! 1 Link to comment Share on other sites More sharing options...
jsharr ★ Posted January 22, 2021 Share #26 Posted January 22, 2021 22 minutes ago, Dirtyhip said: Congratulations 🍾 We have no walls or a rooftop Which explains how Bernie snuck in. 1 1 2 Link to comment Share on other sites More sharing options...
Popular Post Dottleshead ★ Posted January 22, 2021 Author Popular Post Share #27 Posted January 22, 2021 3 2 Link to comment Share on other sites More sharing options...
MoseySusan Posted January 22, 2021 Share #28 Posted January 22, 2021 I suspect that your new eco-aware home will hold its value even in the event of an economic downturn. It’s the McHomes that don’t do well when the bottom drops out. 1 Link to comment Share on other sites More sharing options...
shootingstar Posted January 22, 2021 Share #29 Posted January 22, 2021 29 minutes ago, Dottles said: As long as mortgage isn't too large. Great view of mountains. 1 Link to comment Share on other sites More sharing options...
Dottleshead ★ Posted January 23, 2021 Author Share #30 Posted January 23, 2021 The view of your Coastal Mountains stepping out are front door is great as well. Unfortunately my phone doesn't pick them up as well. Magnificent. @shootingstar 2 Link to comment Share on other sites More sharing options...
Thaddeus Kosciuszko Posted January 23, 2021 Share #31 Posted January 23, 2021 6 hours ago, Dottles said: I go sign my closing papers in about 3 hours and depart with a substantial amount to make down payment. The house officially closes on Monday when I get my keys. Selling my old home, paying off most debt, downsizing, and moving to a couple counties over is going to substantially improve my financial situation. This was the right move for us -- plus it's where we want to be. Bonus. But with this country owing like 27 trillion dollars or whatever, and polarization, I can expect that the economy is going to collapse and their will be social unrest, yah? Should I even worry then that I'll probably lose my jobs and be unable to make payments? You're making prudent financial moves and at the same time placing yourself in the environment in which you want to live. It's difficult to do better than that. And, while it is wise to plan ahead and prepare for lean times, I suggest you not borrow trouble from tomorrow into your day today. Lastly, you should have a backup plan for a place to stay if the worst happens: 1 Link to comment Share on other sites More sharing options...
MickinMD ★ Posted January 23, 2021 Share #32 Posted January 23, 2021 8 hours ago, Dottles said: I go sign my closing papers in about 3 hours and depart with a substantial amount to make down payment. The house officially closes on Monday when I get my keys. Selling my old home, paying off most debt, downsizing, and moving to a couple counties over is going to substantially improve my financial situation. This was the right move for us -- plus it's where we want to be. Bonus. But with this country owing like 27 trillion dollars or whatever, and polarization, I can expect that the economy is going to collapse and their will be social unrest, yah? Should I even worry then that I'll probably lose my jobs and be unable to make payments? No doubt, the government's going to have to jack up taxes and cut spending when the shit finally hits the fan about the enormous national debt. But, at some point, we will return to significant inflation and that will cut the "present value" of the existing debt at that time and things should get back to normal as long as we don't have any party screaming we need to cut taxes while borrowing huge amounts and still spending more than the previous administrations. Of course, that inflation, if it's big like under Ford, Carter, and enormous in Reagan's early years, can destroy half the value of people's pensions and potentially 401k's and 403b's, cutting their buying power in half because pension COLA's are often limited to a 3% max. per year and the stock market may stagnate during high inflation - people will be buying bonds. Link to comment Share on other sites More sharing options...
Bikeguy Posted January 23, 2021 Share #33 Posted January 23, 2021 8 hours ago, Dottles said: Should I buy a gun? Remember how there was no toilet paper a while ago?? That's how is is for guns and ammo. (at least hand guns) None to be found just about anywhere around here. 1 Link to comment Share on other sites More sharing options...
Bikeguy Posted January 23, 2021 Share #34 Posted January 23, 2021 13 minutes ago, MickinMD said: cut spending yeah right... 1 Link to comment Share on other sites More sharing options...
Bikeguy Posted January 23, 2021 Share #35 Posted January 23, 2021 6 hours ago, 12string said: There's a collapse coming, but only in the stock market, which has zero to do with the economy Yeah... I can see that happening... Link to comment Share on other sites More sharing options...
Dottleshead ★ Posted January 24, 2021 Author Share #36 Posted January 24, 2021 On 1/22/2021 at 4:33 PM, Thaddeus Kosciuszko said: I love those yachts on green water. Link to comment Share on other sites More sharing options...
Airehead Posted January 24, 2021 Share #37 Posted January 24, 2021 On 1/22/2021 at 4:08 PM, Dottles said: I'm in. We pick up keys Monday. Congratulations 1 Link to comment Share on other sites More sharing options...
Dottleshead ★ Posted January 26, 2021 Author Share #38 Posted January 26, 2021 Picked up the keys tonight and installed my electrical desk. I feel quite ok telling everyone I'm very happy and excited. It's been almost six months and our transition is almost complete. 2 2 1 Link to comment Share on other sites More sharing options...
Dottleshead ★ Posted January 26, 2021 Author Share #39 Posted January 26, 2021 2 2 1 Link to comment Share on other sites More sharing options...
Kzoo Posted January 26, 2021 Share #40 Posted January 26, 2021 Someone left the door open. 2 Link to comment Share on other sites More sharing options...
Razors Edge ★ Posted January 26, 2021 Share #41 Posted January 26, 2021 17 hours ago, Dottles said: Picked up the keys tonight and installed my electrical desk. I feel quite ok telling everyone I'm very happy and excited. It's been almost six months and our transition is almost complete. AWESOME! That is gonna be a great place to live! Definitely worth being excited about even if you didn't buy the @Dirtyhip commercial grade range! 1 Link to comment Share on other sites More sharing options...
Dottleshead ★ Posted January 26, 2021 Author Share #42 Posted January 26, 2021 1 minute ago, Razors Edge said: AWESOME! That is gonna be a great place to live! Definitely worth being excited about even if you didn't buy the @Dirtyhip commercial grade range! DH got spread. Link to comment Share on other sites More sharing options...
jsharr ★ Posted January 26, 2021 Share #43 Posted January 26, 2021 15 minutes ago, Kzoo said: Someone left the door open. Probably the guys that stole all his furniture 1 Link to comment Share on other sites More sharing options...
Razors Edge ★ Posted January 26, 2021 Share #44 Posted January 26, 2021 Just now, Dottles said: DH got spread. She can't be at the job sire 24/7/365! Just pick a good time to swing by and "inspect" her place. I don't think the gate is up yet! 1 Link to comment Share on other sites More sharing options...
Dottleshead ★ Posted January 26, 2021 Author Share #45 Posted January 26, 2021 4 minutes ago, Razors Edge said: She can't be at the job sire 24/7/365! Just pick a good time to swing by and "inspect" her place. I don't think the gate is up yet! I told her I want to become her neighbor someday. She can design and build my house and I'll call in @Kzoo to do my shed right. Also maybe call in @Zackny to mow my lawn. Link to comment Share on other sites More sharing options...
Dirtyhip Posted January 26, 2021 Share #46 Posted January 26, 2021 8 minutes ago, Razors Edge said: She can't be at the job sire 24/7/365! Just pick a good time to swing by and "inspect" her place. I don't think the gate is up yet! Gate is up and locked when people are not there. You could jump our barbed wire, but it might rip your jeans. What the hell is spread? @Dottles 1 Link to comment Share on other sites More sharing options...
Dirtyhip Posted January 26, 2021 Share #47 Posted January 26, 2021 2 minutes ago, Dottles said: I told her I want to become her neighbor someday. She can design and build my house and I'll call in @Kzoo to do my shed right. Also maybe call in @Zackny to mow my lawn. You don't want me to design it. I make them small. Link to comment Share on other sites More sharing options...
Razors Edge ★ Posted January 26, 2021 Share #48 Posted January 26, 2021 2 minutes ago, Dottles said: I'll call in @Kzoo to do my shed right. You mean @smudge. Her she shed is more manly than anything @Kzoo can design! 1 1 Link to comment Share on other sites More sharing options...
jsharr ★ Posted January 26, 2021 Share #49 Posted January 26, 2021 So has the Devil realized how badly @Dottles screwed him over with that "soul" thing yet? There is going to be Hell to pay when he does. 1 Link to comment Share on other sites More sharing options...
smudge ★ Posted January 26, 2021 Share #50 Posted January 26, 2021 7 minutes ago, Dirtyhip said: Gate is up and locked when people are not there. You could jump our barbed wire, but it might rip your jeans. What the hell is spread? @Dottles A spread. Lots of land. Watch some westerns; you'll hear it a lot. 1 Link to comment Share on other sites More sharing options...
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