What I haven’t talked about is what got us to this point. I grew up in a small town in southwest GA, moved to metro Atlanta in 1996 and stayed there until last year.
We had a house built in 2016 in the northern burbs and thought we had our “forever home”. All the time from 1996 -2020 I bumped around between 7 jobs as a journeymen “enterprise dev”.
My wife had lived in metro Atlanta all of her life. We got married in 2012 (both on our second marriage).
Everything changed in 2020. Our youngest son (my stepson) graduated from high school, Covid happened (didn’t fatally affect anyone in our inner or outer circle) and I fell into a remote job at BigTech.
When things got back to normal around 2021, we both realized that life is short and we wanted a change. That’s what caused us to blow up our life and we are both happier now that we really can’t acquire “stuff”.
When we left our condo in March to start our six month trip, we put it in the rental pool, it gets professional managed like a hotel room and we get half the rent to cover our mortgage.
We don’t own a car. We take Uber for six months once we hit a city and we have a Sixt subscription and we rent a car by the month when we are at home.
Got it.
Just in case someone finds this "profound".
But my former home is rented to our son at a discount to its market value to help him out and it offsets most of the holding cost. But I still lose money. That’s the only thing that the extra money is going to - offset the mortgage.
Honestly, my fixed costs are actually lower than they were before I started working for BigTech when I was working as a journeyman CRUD developer making less than a returning intern got at my current company.
I was making $120K when I had my house built in the burbs in 2016 and paid 3.5% down with an FHA mortgage. I was the only one on the mortgage.
If I had still been making that, I would have sold my house that doubled in value over the past six years and paid cash for my place in Florida.
My total expenses including mortgage and all utilities is less than $3000 where I live now. I was paying more for my mortgage, utilities, maintenance.
Even without that, my 1250 square foot condo I bought in 2022 was the same price I paid to have my 3200 square foot house built in 2016.
The amount we pay for Uber or SixT is about the same as we paid for one car note + maintenance on an older car + car insurance.