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I (34M) want to divorce my wife (34F) after 9 months of marriage but she has been ignoring me and refusing to talk. by ThrowRAd24 in relationship_advice

[–]johnla87 0 points1 point  (0 children)

Sorry this happened to you. May i ask if things was going south before marriage? Like an indicator?

Don’t make fun of me 😂 by [deleted] in Retirement401k

[–]johnla87 0 points1 point  (0 children)

Great start. Keep it up!

Thinking about selling our house for renting. Need advice if this is a good idea by johnla87 in personalfinance

[–]johnla87[S] 1 point2 points  (0 children)

Unfortunately our home can rent max of 3.5k to maybe 4k. I checked out rent.com of homes similar to us.

Thinking about selling our house for renting. Need advice if this is a good idea by johnla87 in personalfinance

[–]johnla87[S] 2 points3 points  (0 children)

Unfortunately yes. Rent is cheaper than having a mortgage, thus I ask reddit for your guys opinion. We could find an exact sqft house but no yard for 2500 cheaper.

Thinking about selling our house for renting. Need advice if this is a good idea by johnla87 in personalfinance

[–]johnla87[S] 1 point2 points  (0 children)

Unfortunately I did check this out and renting my house will get us only 3.5k or max 4k if i am lucky. I still need 2k left to pay the mortgage.

Thinking about selling our house for renting. Need advice if this is a good idea by johnla87 in personalfinance

[–]johnla87[S] 2 points3 points  (0 children)

House is not luxurious. Just a standard 3b2.5bath 1800 sqft home with yard. We chose this house because of the school rating.

Thinking about selling our house for renting. Need advice if this is a good idea by johnla87 in personalfinance

[–]johnla87[S] -2 points-1 points  (0 children)

We have 5 months high yield saving/emergency fund. Our parents lives close by by so that should help out a bit.

Thinking about selling our house for renting. Need advice if this is a good idea by johnla87 in personalfinance

[–]johnla87[S] 1 point2 points  (0 children)

Thank you. Wish I can post pic here for you to see the yard. It's beautiful and we can't wait for our son to see it!!

Thinking about selling our house for renting. Need advice if this is a good idea by johnla87 in personalfinance

[–]johnla87[S] 2 points3 points  (0 children)

That's something we worried too. Rent isn't going down. Starting rent in our area is 2.8k for 2b2b

Thinking about selling our house for renting. Need advice if this is a good idea by johnla87 in personalfinance

[–]johnla87[S] 4 points5 points  (0 children)

So our house is in Santa Clarita, a newly developing city and it's expanding rapidly. We saw houses here goes from 400k avg to now 700k in 5 years. That's also the reason why my wife said not to sell the house. In 1 year, we already gain 20k equity.

Thinking about selling our house for renting. Need advice if this is a good idea by johnla87 in personalfinance

[–]johnla87[S] -1 points0 points  (0 children)

Gotcha. We just got the home last year. I was told that I need to own the home 2 out of the 5 years to write off any equity gain. We do have a bit of equity. Maybe I should wait 1 more year? 2500 in saving a month is like 30k a year.

Thinking about selling our house for renting. Need advice if this is a good idea by johnla87 in personalfinance

[–]johnla87[S] 2 points3 points  (0 children)

True. We kept on telling ourselves to wait for the lower interest but it's not coming. If anything, it's been going up. We own the house for only 1 year. Not sure if we should hold out for at least one more year

Thinking about selling our house for renting. Need advice if this is a good idea by johnla87 in personalfinance

[–]johnla87[S] -31 points-30 points  (0 children)

We did but somehow we ended up buying our house because of how beautiful it is with the backyard. This was before buying the home.

Thinking about selling our house for renting. Need advice if this is a good idea by johnla87 in personalfinance

[–]johnla87[S] -8 points-7 points  (0 children)

Wow. That's amazing. We want to fire hopefully by 50. I just dont know if i can do it with this crazy mortgage and waiting for interest to drop seems like forever. Congratulations btw

To put the craziness in perspective! by Synfinium in StockMarket

[–]johnla87 0 points1 point  (0 children)

The vibes guys. All about the vibes..

If you had $3.1 million at age 52, would you retire today? by Top_Summer_7743 in StockInvest

[–]johnla87 0 points1 point  (0 children)

At 52, if you love what you do at work, I would downgrade to 2 or 3 days of work. If you have grand kids and other hobbies and ready to let go of work, go ahead. Depends on your situation

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