We have thought about the option of relocating but the unfortunate part is the home we have now is fronting on a very busy main highway that will bring lots of money later on after this passes (if we can hunker it out until the turn happens) - if we sold it now, we would probably get about enough out of it to cover the moving costs to another location, not considering any type of down payment, or considering the fact that neither of us are gainfully employed.
I fear we would end up in a community where we have no connections whatsoever, and would be starting out with no job, no cash on hand to put a down payment on a new place or even have the cash and credit to get into a rental. I'm sure I think small, but having lived in the same house for 24 years and in the same community for 40 years I truly don't have a lot of practical experience on relocating to work with.
We do have access to a 10 acre parcel in a nearby town that is paid for, but there is no water or electricity to the property. We priced a well a couple of years ago and it was around $9,000 to have drilled. We contacted the well drillers a few months back, and the same well had gone up in price to around $27,000 - that is triple what it was.
My sister lives in Southern Utah and my parents live in Nevada, but they indicate they are also being hit hard by the same factors as we are here.
I am hoping we can somehow hang on to our home even if we lose everything else and I ride a bike to my next job, because the property we are on will definitely be worth hanging on to when the market does come back. It is in a very PRIME location within 1/4 mile of main intersections slated for commercial development. That's why we bought it in the first place was looking forward to the future.
Real Estate is cyclical as we all know and it will come back, my hope is that we can keep what we worked so hard for our whole lives.
I know you are the oldest human on this planet and all, (Jerry is running a close 2nd to you, he is 60) but I still feel like we are way to old to start over completely by renting a place and working for minimum wage in a strange town. We are tough and we will make it through better or worse, I am just praying for the better part :rock: :rock: :rock:
Thank you for all your concerns, they are greatly appreciated. Can you go kick George Bush in the nuts for me though
Believe it or not, I was offered an opportunity to manage a local hotel in our area. It has been here since the 50's and has around 164 rooms, it is only rated about 2 stars right now from what I could find on the internet and they owner wants to get in and make improvements by starting with new management - however, he offered me $2,750.00 per month ??????????? I know nothing about hotels but it sounds like a lot of responsibility for that kind of pay. He will send me to the training school and move me up in pay and give me bonuses and all, but geeeeeez the starting pay is 1/2 of what I made as an escrow officer. It would look good on my next resume though
I am thinking this over, but am not sure it is my forte .... I would however, leave the lights on for you all
:rock:
Anyone with hotel information, please pipe in
