Goodbye, dream

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

Comments

[sham]

Nau Mai Haere Mai. You should come to New Zealand, its a beautiful country.

[bwahahaha]

What?!? I thought you had a brilliant plan for retiring wealthy? Below is a post you wrote in 2005:

***
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
***

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.

[ohwell]

I can't begin to tell you how sorry I am that you are unable to emigrate.