On May 12, 9:45 am, wrote:
Wayne.B wrote:
Why not do the deal as a straight mortgage on the Wyoming property
rather than a home equity loan?

I was wondering the same thing. But he never really mentioned whether
the property was improved or not, and unless it's a business related
thing, the interest won't be tax deductible unless there's a home (2nd
home) on it. Maybe that's the reason?

Rick

The property has a 100 yr old 400 sq ft log cabin. The inspector gave
3 options, burn it down, tear it down or pull it down. He also
thought the snow from 2 more winters would do the job. So, it is
basically unimproved.

On May 12, 10:12 am, wrote:
On May 12, 9:45 am, wrote:

Wayne.B wrote:
Why not do the deal as a straight mortgage on the Wyoming property
rather than a home equity loan?

I was wondering the same thing. But he never really mentioned whether
the property was improved or not, and unless it's a business related
thing, the interest won't be tax deductible unless there's a home (2nd
home) on it. Maybe that's the reason?

Rick

The property has a 100 yr old 400 sq ft log cabin. The inspector gave
3 options, burn it down, tear it down or pull it down. He also
thought the snow from 2 more winters would do the job. So, it is
basically unimproved.

I'll probably look into a straight mortgage this next week if the
owner will still deal with me.

"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.

On Sat, 12 May 2007 09:40:05 -0400, HK wrote:

Vic Smith wrote:
Sometimes I think my wife is more attached to her gardens
around the house than to the house itself.
I know when I mention moving to Florida her main point of resistance
is losing her gardens. I've studied Florida gardening a bit, but it
looks like it's quite different than what she's accustomed to.

--Vic


Depends on where you are in Florida. In North Florida, where we lived,
almost anything would grow, and quickly, with nightly watering. Citrus
was a gamble, though, because we did get winter freezes. But it was easy
to grow a wide variety of familiar and unfamiliar flora, and bushes.


Good point. Most of what I looked at was "tropical" Florida growing.
Above the freeze line would still suit me fine.
After discussing this thread with my wife, I've concluded the "no
going back" once you sell is the biggest issue for us. Renting this
house out and renting one down there for a year or two might be an
option. The "nest" will remain waiting if the new one doesn't work.

--Vic

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

Vic Smith wrote:
On Sat, 12 May 2007 09:40:05 -0400, HK wrote:

Vic Smith wrote:
Sometimes I think my wife is more attached to her gardens
around the house than to the house itself.
I know when I mention moving to Florida her main point of resistance
is losing her gardens. I've studied Florida gardening a bit, but it
looks like it's quite different than what she's accustomed to.
--Vic

Depends on where you are in Florida. In North Florida, where we lived,
almost anything would grow, and quickly, with nightly watering. Citrus
was a gamble, though, because we did get winter freezes. But it was easy
to grow a wide variety of familiar and unfamiliar flora, and bushes.


Good point. Most of what I looked at was "tropical" Florida growing.
Above the freeze line would still suit me fine.
After discussing this thread with my wife, I've concluded the "no
going back" once you sell is the biggest issue for us. Renting this
house out and renting one down there for a year or two might be an
option. The "nest" will remain waiting if the new one doesn't work.

--Vic


I really recommend North Florida, from about St. Augustine north, as a
great place for northerners to relocate.

First, real estate prices and most other prices are lower than in South
Florida.

Second, the climate is better. There really are seasons, albeit the
winter is mild.

Third, there are many beautiful uncrowded beaches.

The downside is that the area is parochial, and infested with right-wing
religious nutcases. But you can avoid them for the most part.

Gene Kearns wrote:
On Sat, 12 May 2007 11:08:00 -0400, HK penned the following well
considered thoughts to the readers of rec.boats:


I really recommend North Florida, from about St. Augustine north, as a
great place for northerners to relocate.

snips

The downside is that the area is parochial, and infested with right-wing
religious nutcases. But you can avoid them for the most part.

Don't worry, a lot of the screwballs are trying to move north....
http://christianexodus.org/



Why don't they move to texas, where they belong?

On Sat, 12 May 2007 11:08:00 -0400, HK wrote:

I really recommend North Florida, from about St. Augustine north, as a
great place for northerners to relocate.

First, real estate prices and most other prices are lower than in South
Florida.

Second, the climate is better. There really are seasons, albeit the
winter is mild.

Third, there are many beautiful uncrowded beaches.

The downside is that the area is parochial, and infested with right-wing
religious nutcases. But you can avoid them for the most part.

Finding your neighbors are running meth labs and let their pit bulls
run loose is probably a bigger concern, but I know what you mean.
I was raised a Baptist, but haven't been in a church for years, except
for weddings and funerals.
Even less chance of me going to church down there with all that
rattlesnake kissing going on.

--Vic

Vic Smith wrote:
On Sat, 12 May 2007 11:08:00 -0400, HK wrote:
I really recommend North Florida, from about St. Augustine north, as a
great place for northerners to relocate.

First, real estate prices and most other prices are lower than in South
Florida.

Second, the climate is better. There really are seasons, albeit the
winter is mild.

Third, there are many beautiful uncrowded beaches.

The downside is that the area is parochial, and infested with right-wing
religious nutcases. But you can avoid them for the most part.

Finding your neighbors are running meth labs and let their pit bulls
run loose is probably a bigger concern, but I know what you mean.
I was raised a Baptist, but haven't been in a church for years, except
for weddings and funerals.
Even less chance of me going to church down there with all that
rattlesnake kissing going on.

--Vic


The first and only time I ran into snake handlers was in Loudoun County,
Virginia, near Dulles Airport. I took a wrong turn while driving to
Dulles and found myself on a lovely little country road. On that road
was a little church where the faithful were involved in an outdoor snake
prayer fest.

This was in 1970 or so. I'd bet that church is long gone by now.

For the first year we lived in Florida, not a week went by without some
uninvited church representatives knocking on our door and asking all
sorts of questions they had no business asking. They really were obnoxious.

On May 12, 11:43 am, HK wrote:
Vic Smith wrote:
On Sat, 12 May 2007 11:08:00 -0400, HK wrote:
I really recommend North Florida, from about St. Augustine north, as a
great place for northerners to relocate.

First, real estate prices and most other prices are lower than in South
Florida.

Second, the climate is better. There really are seasons, albeit the
winter is mild.

Third, there are many beautiful uncrowded beaches.

The downside is that the area is parochial, and infested with right-wing
religious nutcases. But you can avoid them for the most part.

Finding your neighbors are running meth labs and let their pit bulls
run loose is probably a bigger concern, but I know what you mean.
I was raised a Baptist, but haven't been in a church for years, except
for weddings and funerals.
Even less chance of me going to church down there with all that
rattlesnake kissing going on.

--Vic

The first and only time I ran into snake handlers was in Loudoun County,
Virginia, near Dulles Airport. I took a wrong turn while driving to
Dulles and found myself on a lovely little country road. On that road
was a little church where the faithful were involved in an outdoor snake
prayer fest.

This was in 1970 or so. I'd bet that church is long gone by now.

For the first year we lived in Florida, not a week went by without some
uninvited church representatives knocking on our door and asking all
sorts of questions they had no business asking. They really were obnoxious.

I am a 5th generation North Florida native and y'all aint invited to
come spoil my little corner of paradise. Although I am sure the
people of Wyoming feel the same way about me buying property there,
there is litle danger of Wy becoming overpopulated. So, yankees and
south Florida refugees, stay away.
On a boating topic, I took my Tolman Skiff over to Dog Island today
from Carabelle, beautiful water, hardly anybody around, it was
wonderful. However, the sight of the damned condos that have been
built on the old boat yard and my favorite oyster bar makes me realize
it wont be long befoe its ruined.