Decisions, Decisons, Oh What To Do????

[Esther]

Originally Posted by commonsense

Could MH also represent modular home? My husbands' brother retired a few years ago ; they had lived the last 30+ years in the San Jose,CA area, which is quite costly. They sold their house (purchased in '64) and moved/retired to Nevada.
The purchased a nice modular home. They bought a lot and the home is installed permanently on their lot.

It may not be for everyone, but it is an alternative.
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We have a few years til retirement and are also trying to pay off existing home to avoid undue expenses in our "old age"! We could live an a better neighborhood and have a "fancier" house but didn't think we wanted to work "forever". At our current payment rate, (we always add extra to pmt for principle) we should be able to pay off the mortgage before we turn 66.

I have looked into modular as well. They run about $7,000 more than a mobile, however, you get a deed with it the same as a site built home.

[Esther]

Originally Posted by The Mrs

I agree...with the appreciation in home values, a home's equity has the potential to be a huge investment for your future.

Which is one reason we are looking at keeping this house and leasing it out.

[Esther]

Going to look at 3 acres with a MH and a huge workshop way out of town.

IF it works out we may buy it and lease this house. Then when we retire we can decide which one we want to retire in OR sell both and move back to Al.

We like our house so much we are just gonna buy the house next door when it ever comes up on the market rather than move out to the country... we'll have extra parking and I can turn the garage into a huge workshop!