On Sat, 12 May 2007 11:35:42 -0300, "Don White"
wrote:



After paying a mortgage bi-weekly year after year, I was happy as hell to
retire the mortgage about seven years ago. That's also why I keep my old
low mileage mini-van... it was paid for 8 years ago. You can always go back
into debt when the mood strikes you.

You got that right.

--Vic

Don White wrote:
"Vic Smith" wrote in message
...
On 11 May 2007 19:08:55 -0700, wrote:


I told her we'd settled on a price and had gotten a realtor to draw up
a contract. I thought she knew I was totally serious. In the past,
she had few qualms about taking risks,in fact I married her because
she was a risk taker. This sudden bout of the "what ifs" completely
puzzles me. But you know, its just like the saying, "Women marry
hoping to change their men, men marry hoping their women do not
change."
Now she says, "I dont want to do anything that might jeapordize our
home in any way" which baffles the hell outta me. Whats the use of
having equity if you arent going to use it as leverage. I think that
having my own business for years has made me very casual about large
sums of money and about risk in general. Her profession of being a
public school teacher has emphasized low risk behaviour and covering
her ass at all costs (I am not sure we want this type of people
teaching our kids).
I feel like I got blindsided on this and am too embarassed to call the
seller back right now. Even though it was my wifes issues, I should
take blame for not reading her correctly. Sometimes the buyer has
problems they did not consider.
Yep, you had a communication failure. Lots of women don't like liens
on their home. Men too, and I'm one of them. Age has a lot to do
with it too. What younger people call leverage older people call just
plain debt. A lienless home is a real ace in the hole, but it's hard
to play it except on a real good hand. For many that hand can only be
replacing or improving the house.

--Vic


After paying a mortgage bi-weekly year after year, I was happy as hell to
retire the mortgage about seven years ago. That's also why I keep my old
low mileage mini-van... it was paid for 8 years ago. You can always go back
into debt when the mood strikes you.



You bought into that bi-weekly game? What did they charge for the
"service"? It's well known that you can add $100, $500, $1000, or
whatever you want to your principal payment every month for no charge
and accomplish the same goal without fees. These bi-weekly payment
"services" charge a fee based on their creative advertising when the
simple reality is that you can do it yourself.

As for remaining debt-free, do you expect to outlive your minivan?
Chances are that you will have to replace it.

Thought so.
JR

wrote:
On May 11, 9:24 pm, JR North wrote:

Interesting story. Q: Was your wife on board in the deal from the start,
or did you initialize it with the seller, lay the groundwork, and then
tell her?
JR



wrote:

In another thread, someone was discussing his bad experience with a
potential boat buyer. I wonder if sometimes things happen to buyers
that thye just dont expect.
For example, my wife and I looked at a piece of property in Wyoming we
loved. We lived near there when first married and it is a true gem;
mountaintop, 4 acres, on a paved year round access road, 20 min from
town, flat, great view. She loved it and talked about buying it and
we discussed going there each year in the summer etc. We already go
to Wy every other summer. So, after nearly a year of back and forth
with the owner, we agreed on a price. I arranged financing via a home
equity loan, no problem with huge amount of equity. I arranged a
realtor to draw up a contract, I did my homework on value. I talked
it over with the owner and was ready to send the contract. Suddenly,
my wife balks at it. She is worried about all the "what ifs". She
wants to make sure there is no risk at all, etc. I cannot proceed
with this unless my wife signs the home equity loan so now I look
like a fool. I am sure the owner is cursing me and he has a right to
but I really thought my wife was ready to do this. The owner prob
will not be willing to deal with me again after this fiasco but from
my position as buyer, this was totally unexpected.

--
--------------------------------------------------------------
Home Page:http://www.seanet.com/~jasonrnorth


I told her we'd settled on a price and had gotten a realtor to draw up
a contract. I thought she knew I was totally serious. In the past,
she had few qualms about taking risks,in fact I married her because
she was a risk taker. This sudden bout of the "what ifs" completely
puzzles me. But you know, its just like the saying, "Women marry
hoping to change their men, men marry hoping their women do not
change."
Now she says, "I dont want to do anything that might jeapordize our
home in any way" which baffles the hell outta me. Whats the use of
having equity if you arent going to use it as leverage. I think that
having my own business for years has made me very casual about large
sums of money and about risk in general. Her profession of being a
public school teacher has emphasized low risk behaviour and covering
her ass at all costs (I am not sure we want this type of people
teaching our kids).
I feel like I got blindsided on this and am too embarassed to call the
seller back right now. Even though it was my wifes issues, I should
take blame for not reading her correctly. Sometimes the buyer has
problems they did not consider.



--
--------------------------------------------------------------
Home Page: http://www.seanet.com/~jasonrnorth

On 11 May 2007 17:59:58 -0700, wrote:

The owner prob
will not be willing to deal with me again after this fiasco but from
my position as buyer, this was totally unexpected.

We had someting similar happen to us, only it was the reverse.

We made an offer on a two family - older couple wanted to retire to
Florida. They owned nothing on the house and it was a substantial
amount of money they would be making.

The owners wife backed out of the deal on a bunch of what ifs. Turns
out that she actually didn't want to move to Florida - he thought that
was all she wanted to do.

The best part was all this happened at the closing. :)