House or a Semi ???

House. Wife. Bedroom. King size bed. Striped Pajama. Glass of Scotch on a coffee table. What else do we live for, anyway?

 

I am in the same boat as you. Currently living in truck and banking as much as possible. Almost no expenses. No debt. (No life)

But I'm not pulling down 100k+. Mind if I ask what kind of driving you're doing?

 

house, but not Cal.

 

Hookers and blow. F the truck and the house.

 

^^^^^^^^^^^Plus one, to; this^^^^^^^^^^^^^

 

Keep saving and meanwhile educate yourself on tax auctions and maybe attend a few. Good deals can be had at them for those with funds on hand. You could walk away with a nice house or one that needs some minor work if your handy mortgage free.

 

For starters get out of California. Your money goes much further and taxes way less elsewhere.

 

If you wanna buy a truck you should probably leave California first.

 

King Cash.

Not to mention Escrow and mortgage insurance plus property taxes. We paid our home off in 6 years into a 15 year. Granted the house principal was not that much payment was 340, the additionals required was another 400 and taxes was 200 a year total on homestead. (Improvements? Certainly, that was about 140,000 cash over 12 years far more than the place is worth. Next owner sunk another 40,000 into it making it a nicer place for herself ontop of a larger mortgage.)

When the house was paid with the final 12000 or so by bank wire, the mortgage bank refused it claiming errors. We went to the bank leadership at home, showed them the necessary papers and documents and then pushed everything including the 12000 against the other bank digging in heels. (Loss of fees, interest etc etc etc over 7 years on payoff in 6 was in our favor BIG time...)

They took the payoff and issued us a letter. I would not name the bank its one of the major ones. They were a den of rattlesnakes interesed in keeping us in debt bondage as the housing crashed around the 2006 time period which was really EPIC past 2008.

Years later we sold out to take care of student loans that were not going down that easy. It was about a 46500 dollar mistake incurred about 2002 through 2006. One degree is worthless and the other is equally worthless. If you are going to make finanical decisions and try something very expensive do it cash. So that you get whatever you get out of it. The Student loan bank refused the final 14000 dollar cash payoff bank wire via swift and forced us to sit for 3 months and resend it with interest added. They finally took it when our bank said, what part of payoff do you not understand? And got us a letter. I think it was a 30 year loan and we were 14 years into it and it was out of control.

It was a form of warfare. All out battle. If you took a picture of me in 2001 (I have it somewhere) the hair was normal brown. In 2009 it was white generally. Today we sign one check monthly as a tenant and heavily insured so they can burn the place and we don't give a #### and still stacking cash.

 

i agree about NOT buying a house in CA.

if it were me and i was starting over again, i'd bank the money except for weekly expenses, and when the time comes, buy (maybe) a farm house with several acres of land. in time that land will INCREASE in value and then sub divide that land and sell it off, piece by piece. maybe build a housing track, and be the owner still of the land, and be the president of the HOA and continue to reap the monies for LIFE...