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Old 02-15-2011, 12:46pm   #1
ConstantChange
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Default How many houses have you "owned" as an adult?

How many houses have you "owned" as an adult?

I'm curious with all the ballah's around here how many have stayed in one place most their adult life and how many keep upgrading (or downgrading) every few years.

If you have had multiple houses, how long did you stay in each.

For me, it's one house for the last 5 years.
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Old 02-15-2011, 12:49pm   #2
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2 houses.

1 as a single guy, I owned for 20 years.
1 as a married man we have owned for 3 years.
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Old 02-15-2011, 12:52pm   #3
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2 houses.

1 as a single guy...
1 as a married man...
Durations are different but otherwise same story.
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Old 02-15-2011, 12:52pm   #4
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I still own all of them …

3 Illinois – live in 1, renting the other 2
3 Florida – Parents in one renting the other 2
1 Arkansas – renting
1 Georgia – renting
2 California - renting

April is always a fun time with my Tax Accountant
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Old 02-15-2011, 12:53pm   #5
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Rented a couple places after we got married in 1970!

We bought our first house in 1976 stayed there till 04. In 04 we had a custom designed post&beam built on what was for 23 years our camp property! Retired and likely that will be our last house!
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Old 02-15-2011, 1:07pm   #6
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Originally Posted by ChasC5 View Post
I still own all of them …

3 Illinois – live in 1, renting the other 2
3 Florida – Parents in one renting the other 2
1 Arkansas – renting
1 Georgia – renting
2 California - renting

April is always a fun time with my Tax Accountant



As an accountant I can relate to what your's is going through and at the same time, laughing all the way to the bank
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Old 02-15-2011, 1:10pm   #7
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We are in our third house in 13 years of marriage (and several rented apartments too). First house we were in for a few years. Did some cosmetic remodeling and sold, to upgrade. Found house number two and lived in it for almost two years. Needed to upgrade due to family illnesses (not enough room and the cost to build an addition was just as much combined as it would have been to build new). House number three (and current house) was built 7+ years ago and we have no plans on going anywhere else.
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Old 02-15-2011, 1:15pm   #8
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Just the one I still live in.
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Old 02-15-2011, 1:21pm   #9
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Quote:
Originally Posted by BAT View Post



As an accountant I can relate to what your's is going through and at the same time, laughing all the way to the bank
Don't trip over your tong laughing ...I am my Bothers Keeper, or in this case, my Brother-in-Law is my Tax Accountant. The things you do for your Wife.

We're running out of new ways to cover up gains and create losses, but thanks to the GOP, they've come to our rescue ... again.

I'm not exactly new to the Real Estate game,
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Old 02-15-2011, 1:22pm   #10
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I bought my first house just after I got married at the ripe old age of 20. Currently in house #7, and looking for #8. (a house to retire in)
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Old 02-15-2011, 1:31pm   #11
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Six for me.
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Old 02-15-2011, 1:33pm   #12
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Quote:
Originally Posted by ChasC5 View Post
I still own all of them …

3 Illinois – live in 1, renting the other 2
3 Florida – Parents in one renting the other 2
1 Arkansas – renting
1 Georgia – renting
2 California - renting

April is always a fun time with my Tax Accountant
don't you know that you should not be a long distance landlord?

Sounds like you are doing it right!
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Old 02-15-2011, 1:41pm   #13
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Quote:
Originally Posted by ChasC5 View Post
Don't trip over your tong laughing ...I am my Bothers Keeper, or in this case, my Brother-in-Law is my Tax Accountant. The things you do for your Wife.

We're running out of new ways to cover up gains and create losses, but thanks to the GOP, they've come to our rescue ... again.

I'm not exactly new to the Real Estate game,
Damn family ties!


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Old 02-15-2011, 1:42pm   #14
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Quote:
Originally Posted by Olustee bus View Post
don't you know that you should not be a long distance landlord?

Sounds like you are doing it right!
I have family in all those areas and plus I'm using a Management Company for maintenance and collection.

As soon as the market turns ... just a little ... I'm cashing in while I'm above water.
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Old 02-15-2011, 1:43pm   #15
lspencer534
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House #1: 3 years
House #2: 3 years
House #3: 10 years
House #4 (current home): 20 years

Moved up in price and size each time. My next move will be to the funeral home.
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Old 02-15-2011, 2:23pm   #16
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living in number 2 right now.
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Old 02-15-2011, 2:32pm   #17
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House #1 - 10 years. Wife and kids stayed in it after the divorce.

House #2 - Condo actually. 3 years.

House #3 - Currently residing in for the last 8 years.
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Old 02-15-2011, 2:34pm   #18
Chris Fowler
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Starter home: 7 1/2 years
Current home: 7 years

I imagine we'll be here for at least 5 more years...maybe longer.
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Old 02-15-2011, 2:40pm   #19
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I've owned three homes and I'm in the process of trying to buy my fourth. The first home was when I was in my 20's. Lovely home in one of the worst areas of Oakland, CA. The next one was much later in Antelope, CA. Brand new home with no room for my Aussie, so we sold it and moved to hickville - Rio Linda, CA. Separated from hubby and had to do a short sale on it. Now I'm trying to buy another one in the South Natomas area of Sacramento, CA.
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Old 02-15-2011, 2:41pm   #20
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None, I convinced the bank to buy them.
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