Goodbye, dream
For sale: A contemporary country home near Queenstown: This six-bedroom three-bath home is in Closeburn Station, a 3,000-acre working alpine farm with 27 private homes.
The house, which sits on nearly 1.5 acres, has over 1,615 square feet of outdoor space, including a wrap-around deck. The house overlooks a pond and stream.
Unfortunately, I won't be a candidate for a house like this in the near future. I have to make new plans now
You’ll find a copy of this post on my grow-a-brain blog here
Nau Mai Haere Mai. You should come to New Zealand, its a beautiful country.
Posted by: sham | January 26, 2009 at 11:35 PM
What?!? I thought you had a brilliant plan for retiring wealthy? Below is a post you wrote in 2005:
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If you want to retire wealthy, you should buy and hold as many properties as you can, especially if you can get 30 yr. fixed mortgage on them.
Most people biggest & sometimes only asset is the equity in their home. What if you had two? How about three? How about 77?
The only thing constant, beside death & taxes, is the saying: I wish I would have bought more.
posted by growabrain at 8:23 PM on July 26, 2005
http://ask.metafilter.com/21759/On-Being-a-Landlord
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What the above post fails to contemplate is that the person who smugly tells others to 'grow a brain' is in fact the 'greater fool.'
The view must be slightly different when you're upside-down, over-leveraged, and underwater. I doubt there are too many people these days that are grateful that you advised them to go into debt for three decades to buy at the peak of the American real estate bubble.
The best thing to own is cash. Smart people collect interest - fools pay it.
Posted by: bwahahaha | May 04, 2009 at 12:35 PM
I can't begin to tell you how sorry I am that you are unable to emigrate.
Posted by: ohwell | August 21, 2009 at 09:29 PM
Very interesting topic. Thanks a million.
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Moving to New Zealand from Australia
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Posted by: Tasman Jumper | January 17, 2011 at 08:41 AM
The house overlooks a pond and stream.
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