It’s funny that Hope just bought a house at the same time I’m seriously considering selling mine. I’m super happy for you Hope!!
My situation is a bit different (aren’t we all?). We have been away from our home, living in our trailer, for more than half the year and the more time we spend on the road, the more we recognize how much we enjoy the nomadic lifestyle. Oh goodness, not permanently! But we really want to see the country and now that COVID numbers are falling, it’s feeling like a more normal place out there.
I’m still job searching but I’m looking into remote possibilities and…
Considering selling our home, selling everything we own, and moving full-time into our trailer.
Am I crazy? Before you answer, here’s our thinking. Again, this wouldn’t be longer than a year or two. When we finish, we want to buy a piece of property in a more rural area in Texas and build a home ourselves (reminder, my husband is a general contractor). We would continue to live in the trailer until the home is finished.
What are our financial thoughts? We would be selling our home in an all-time high market. Seriously, San Diego is ON FIRE. We’d stay out of the market while we travel in hopes it will cool a little (ha ha right?). We would cashflow our travel like we’ve been doing now and would bank what we would have been paying in mortgage payments and utilities for the two years of travel and one year of building. That would equal $90K or more. We’d couple that with the profit we made off our house in San Diego and pay cash for the land and the house we build. We would need to upgrade to a slightly better trailer since ours isn’t made for full-time living (technically no trailer is but some fair better than others).
My fears? We could get out of a hot market and it could continue to increase and we wouldn’t be able to get back in. What if we change our mind and want to stay in California (my husband is FIRM on leaving)? We would be selling everything (nothing we have is worth putting in storage) and what if we wouldn’t be able to replace it all without spending a ton of money?
Will our kids would struggle with life on the road? Sure, they love it now but for another year or two? We talked to them about the idea and they all said they want to continue travelling. We’ve seen more family this year than ever before. We’ve seen some amazing places. But I still wonder if I would be doing the right thing.
But wow, the dream of being absolutely debt free, mortgage and all, is really attractive.
Am I crazy?!?