Would you buy this house at my age?

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11 Comments

It's a nice home with 29 acres, two small ponds, a small stable, and a barn. Interest rates are low right now and I can get it all for considerably less than value.

I plan to raise quail and maybe goats if I go for it. I can also raise sturgeon in the ponds for a likely good profit.

The problem is that I'm almost 50 and I'm looking at at least 20 years of payments. I'll be damned near 70 when it's all done.

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Based on 14 votes
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Comments ( 11 )
  • donteatstuffoffthesidewalk
    3 years ago

    id wait 6 months

    if shit continues to go the way it is propertys gonna tank and interest rates are goin nowhere but further down

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    • Anonymous Post Author
      3 years ago

      You're probably right but I'm thinking more about how long I'll be paying for this thing into my senior years. Having to pay a mortgage till I'm 67 isn't something to look forward to. Then again, I love this property.

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      • Nikclaire
        3 years ago

        Pay on it for 17 years then do a reverse mortgage when you retire.

        If it's a dream of yours why not do it?

        I thought sturgeon were protected and a 100 years old and need tons of space, how do you raise them successfully?

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        • Anonymous Post Author
          3 years ago

          No, you get paid yearly to raise them, and some varieties produce eggs after 10 years. You just dont own the eggs when they produce.

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          • Nikclaire
            3 years ago

            Cool. I think you should do it. Like another said though, property values are going to go down so maybe hold off for a bit if you can.

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            • Anonymous Post Author
              3 years ago

              Yeah. I think that's good advice. Thank you nik!

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    • RoseIsabella
      3 years ago

      Good point!

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  • Kool_owl
    3 years ago

    Go for it !
    You only live once

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  • --
    3 years ago

    20 years to pay off a house on 29 acres?? Thats a bargain. Takes most people 20 years to pay off a shitty old 3 bedroom house on 500 to 700 square meters. Depending on how close to the city you are.

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  • Mammal-lover
    3 years ago

    I say go for it if you think you can afford to.

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  • lordofopinions
    3 years ago

    Go for it. You only live once. If you are 50 and in good health, you should make it to 70 and well beyond. I'm 72 and plan on being around a lot longer.

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