My Personal Finance Journey

Personal finance observation, musing and decisions in a journey toward financial independence by 2020 with at least $3 million.

By Topics

0. About (10)
1. My Progress (139)
2. Car & Home (107)
3. Credit (138)
4. Banking (33)
5. Saving (49)
6. Investing (308)
7. Taxes (89)
8. Spending (74)
9. Misc (97)
A. Archive (49)


Feb 2014 (3)
Jan 2014 (6)
Jan 2012 (1)
Apr 2011 (1)
Mar 2011 (1)
Feb 2011 (1)
Jan 2011 (1)
Dec 2010 (1)
Oct 2010 (1)
Sep 2010 (1)
Aug 2010 (1)
Jul 2010 (1)
Jun 2010 (1)
May 2010 (1)
Apr 2010 (1)
Mar 2010 (6)
Feb 2010 (2)
Jan 2010 (7)
Dec 2009 (3)
Feb 2009 (4)
Jan 2009 (8)
Dec 2008 (1)
Jun 2008 (2)
May 2008 (2)
Apr 2008 (5)
Feb 2008 (3)
Jan 2008 (15)
Dec 2007 (32)
Nov 2007 (6)
Oct 2007 (8)
Sep 2007 (9)
Aug 2007 (24)
Jul 2007 (2)
Jun 2007 (1)
May 2007 (3)
Apr 2007 (4)
Mar 2007 (4)
Feb 2007 (13)
Jan 2007 (6)
Dec 2006 (3)
Nov 2006 (7)
Oct 2006 (7)
Sep 2006 (6)
Aug 2006 (4)
Jul 2006 (10)
Jun 2006 (1)
May 2006 (3)
Apr 2006 (2)
Mar 2006 (6)
Feb 2006 (6)
Jan 2006 (3)
Dec 2005 (1)
Nov 2005 (9)
Oct 2005 (8)
Sep 2005 (13)
Aug 2005 (25)
Jul 2005 (16)
Jun 2005 (17)
May 2005 (19)
Apr 2005 (20)
Mar 2005 (24)
Feb 2005 (23)
Jan 2005 (36)
Dec 2004 (40)
Nov 2004 (34)
Oct 2004 (17)
Sep 2004 (21)
Aug 2004 (59)
Jul 2004 (37)
Jun 2004 (31)
May 2004 (29)
Apr 2004 (52)
Mar 2004 (49)
Feb 2004 (49)
Jan 2004 (31)
Dec 2003 (48)
Nov 2003 (52)
Oct 2003 (29)
Sep 2003 (8)
Aug 2003 (5)
Jul 2003 (2)
Jun 2003 (2)
May 2003 (5)
Apr 2003 (2)
Mar 2003 (2)
Feb 2003 (3)
Jan 2003 (29)


Home Sale Anniversary

Contributed by mm | November 25, 2006 3:18 PM PST

It was just like yesterday that we bid farewell to our beautiful house in a neat surbuban community in the Greater Seattle area, and handed over the keys to the new homeowner, but by now it has already been a year since the sale. Yes, in October 2005, we sold our house for $420,000 after commission before we embarked on this journey back to Asia, and today is surely a good time to review the gains and losses from our first home sale in life.

Of course, given the flood of news stories like declining prices, lower sales volume and higher inventory, we will make exactly the same choice if we are facing the sell-or-rent-out question today.

On the other hand, price levels in the Greater Seattle area keeps creeping up in the last 12 months, and our house is likely worth over $470,000 after commission cut.

So do I have some buyer's remorse? Hardly any.

First, in retrospect, either sale or leasing out is a financial neutral decision (so far). In the last twelve months, we made approximately $55,000 in our investments, and in after-tax terms, these investment gains will be even much higher than the tax-free gain of the $50,000 in home price appreciation minus the upkeep of mortgage interest, property tax and insurance (amounts to $15,000 a year) -- admittedly, all $55,000 is not produced solely from our home sale proceeds and I could have lease out the house for some more money, but likely the financial consequences of either choices are within a few grand of each other.

Second, an important decision factor in our home sale is the peace of mind. If we still keep the house, I can imagine we will have at least a few more sleepless nights (when we leave it as an empty house or occuied by a renter). Our (financial) life is already too complicated and keeping an overseas property would not help.

Finally, it is getting less relevant in our household finance to decide over the difference of a few grand a year. Now that we are likely to break $600,000 in net worth by the end of the year, more certainty in financial results certainly overweight possibility of more speculative gains (and losses).

Status Update: We currently rent a downtown furnished apartment in Shanghai -- the city's real estate price is also quite high: a three-bedroom condo in downtown sells for more than a four bedroom single-family house in our original neighborhood. Truth be told, we are still missing the feeling of homeownership in the sense that we have much less control over the interior design right now, but we certainly don't miss the financial part of it.

(P.S. Now all I am praying is the real estate cycle will play to its nadir when (and if) we decide to move back.)

This Post Has Received 91 Comments. Share Your Opinions Too.

Ruby Commented on November 26, 2006

Definately agree - managing properties locally itself is tough, forget managing it from overseas.

moneysmartlife Commented on November 26, 2006

I'm glad you don't have buyer's remorse. The property values may have increased over the last year but you have an advantage over everyone else still living there, you have your money in hand.

They won't realize their gains until they sell and only the home buyers of the future will determine what real estate in Seattle is really worth.

Rick Commented on November 27, 2006

Your English is getting worse, probably from the lack of use. Its hard to read now, can you have someone proof read posts? Thanks

Mark Commented on November 27, 2006

I share your concerns exactly. We sold our house in Southern California in March 2006 and are now renting in Madrid, Spain. I keep an eye on the RE market and am praying along with you that SF homes bottom out about the time we return. Looks like another 12 - 18 months for us. In the interim, I've put all the proceeds in tax exempt MMF at around 3.8% so I should have enough for a decent down payment.

fin_indie Commented on November 28, 2006

Ah, another (ex) Seattlite... Well, I can tell you that although reports that prices are continuing to rise here, they're really not. On my block alone, there are more than a dozen new townhomes going up (as they are all around the city), and the prices are anywhere from $350k to well over $600k). It'll be interesting to see if these move as the construction is finalized.

muipotu Commented on December 10, 2006

With all respect I am not sure I agree. Having control over a $420000 asset for the price of a little negative cash flow and a little bit of inconvenience seems like an easy choice to me. I have not run the numbers so I do not know how bad the cash flow would have been. I think that hopeing that you time the housing market correctly is silly. I remember reading somewhere that the worst year over year for a housing market ever was -20% and that longterm it is hard to find a way to make leverage money work for you so hard with so little risk.

Just my $.02... I am a relative rockie at the whole wealth game so I could be missing something...

AlfredCaf Commented on January 19, 2017

wh0cd162504 [url=]zoloft[/url] [url=]cialis 20 mg price[/url] [url=]shuddha guggulu[/url] [url=]clomid online[/url] [url=]Generic Synthroid[/url] [url=]clicking here[/url]

Bennyanymn Commented on March 8, 2017

wh0cd841721 [url=]abana[/url] [url=]imdur 30[/url]

TracyNuami Commented on April 10, 2017

wh0cd116589 [url=]Propecia NO RX[/url] [url=]sildenafil citrate tablets 100 mg[/url]

MichaelNub Commented on April 13, 2017

wh0cd536854 [url=]prozac over the counter[/url] [url=]cialis tablets[/url] [url=]viagra generic[/url]

Bennyanymn Commented on May 14, 2017

wh0cd235514 [url=]Propranolol Sale[/url] [url=]Provera With NO Prescription[/url] [url=]Citalopram HBR[/url]

Davidvierb Commented on May 18, 2017

[url=]comprar priligy online espaГ±a [/url]
[url=]comprar atomoxetina precio espaГ±a [/url]
[url=]comprar topamax [/url]amoxicilina clavulanico comprar
donde comprar dapoxetina en peru
comprar priligy barato

XRumerTest Commented on May 20, 2017

Hello. And Bye.

JamesSarly Commented on May 20, 2017

[url=]cheap viagra online [/url]
cheap viagra online canadian pharmacy

BrentNex Commented on May 20, 2017

[url=]viagra online order candian pharmacy [/url]
How To Order Viagra Online Safely

DamonNip Commented on May 23, 2017

[url=]kamagra oral jelly bei frauen [/url]
[url=]viagra soft tabs [/url]
[url=]lida daidaihua kaufen paypal [/url]
cialis soft tabs kaufen
priligy 60 mg kaufen
kamagra brausetabletten bestellen

RichardMized Commented on May 31, 2017

Loose prepaid acceptance cards with no fees are an alternative to bank accounts and fixed ennoble cards.
prepaid debit cards chase
Broad notes back on MoneyPod Visa Debit Bloc card Purchases. No Monthly Fees, No Minutes Fees, No Overdraft and No Nadir Balance. Let off revolution ...
[url=]no fee prepaid debit cards [/url]
In a life where consumers are increasingly leery of of credit even as they want the convenience of pliant, the fancy of prepaid debit cards is bewitching on. Prepaid debit cards (also known as "prepaid honesty cards") are branded with the logo of well-known recognition companies, and they are accepted where dependability cards are used.

ScottBiz Commented on June 4, 2017

[url=]affordable car insurance in michigan[/url][url=]www car insurance companies[/url][url=]best california car insurance[/url]cheap car insurance in new orleansbest car insurance in ny for new driversnsw car insurance calculator

Bennyanymn Commented on June 17, 2017

wh0cd888977 [url=]where to buy albendazole[/url] [url=]allopurinol[/url] [url=]albendazole for sale[/url]

Natalob Commented on June 18, 2017

we like it cialis price

[url=]cialis canada[/url]

generic cials

cialis fonctionne pas

Varenlob Commented on June 19, 2017

venta de viagra en espana

[url=]buy viagra online[/url]

buy viagra

comprar viagra forma segura

Genalob Commented on June 22, 2017

look there free sampel viagra

[url=]generic viagra online[/url]

cheap viagra online

low cost generic viagra

Demyanlob Commented on June 24, 2017

visit web site low cost cialis

[url=]generic cialis online[/url]

buy generic cialis

cialis tadalafil regalis

Bunullob Commented on June 25, 2017

trial viagra canada

[url=]online viagra[/url]

generic viagra

ordering viagra jelly mexico

Bunullob Commented on June 25, 2017

viagra 100 street price

[url=]buy viagra online[/url]

generic viagra online

viagra available in pakistan

Vladlob Commented on June 27, 2017

comprar cialis en crema


buy cialis

m d medical cialis

Eugenelob Commented on June 29, 2017

viagra cat costa o pastila

[url=]viagra generic[/url]

buy viagra

cheap overseas viagra

Valerlob Commented on June 29, 2017

try it online us cialis

[url=]cheap cialis canada[/url]

buy cialis onlin

cialis 5mg prix en pharmaci

Sololob Commented on July 1, 2017

private lenders for payday loans

[url=] loans for bad credit[/url]

personal loans

payday loans in new mexico

Sololob Commented on July 2, 2017

best HOU TX cash advance

[url=]payday loans[/url]

payday loans online

payday loans pay back monthly

Vasilylob Commented on July 2, 2017

sex during viagra

[url=]buy viagra online[/url]

viagra generic

viagra comprar en madri

Vasilylob Commented on July 2, 2017

viagra e prozac

[url=]cheap viagra[/url]

buy viagra online

il costo di 10 mg viagra

Eugenelob Commented on July 2, 2017

main ingredient in viagra

[url=]viagra online[/url]

viagra price

can you buy viagra per pill

Eugenelob Commented on July 2, 2017

kroger pharmacy viagra price

[url=]generic viagra[/url]

viagra price

viagra pfizer tev

Vasilylob Commented on July 2, 2017

we recommend viagra tablets

[url=]viagra online[/url]

generic viagra

viagra sale uk for for

Walterler Commented on July 5, 2017

[url=]Finger Spinner[/url]
[url=]Fidget Spinner[/url]
[url=]Fidget Cube[/url]

CharlesLiede Commented on July 20, 2017

wh0cd569311 [url=]Citalopram[/url] [url=]metronidazole[/url] [url=]nexium[/url] [url=]ivermectin[/url] [url=]viagra generic[/url]

AlfredCaf Commented on July 26, 2017

wh0cd793570 [url=]paxil flu[/url] [url=]bupropion[/url] [url=]cipla tadalafil[/url] [url=]buy atenolol[/url]

ChangIdefs Commented on July 28, 2017

pop over to this website

viagra canadian pharmacy


Louissip Commented on July 30, 2017

[url=]Necklaces For Women[/url]
[url=]Necklaces For Women[/url]
[url=]Necklaces For Women[/url]
[url=]Necklaces For Women[/url]

FerRESY Commented on July 31, 2017

lead loans -
bad credit loans no payday loans payday loans no credit check ’

AlfredCaf Commented on July 31, 2017

wh0cd372794 [url=]zofran[/url] [url=]ampicillin 500mg[/url] [url=]viagra cost[/url] [url=]CIALIS ONLINE[/url]

FvcKaf Commented on August 1, 2017

bad credit debt consolidation internet payday loan
online payday loans
bad credit instant loans
cash advance loans ’

Robertmem Commented on August 2, 2017

[url=]Wigs For Women[/url]
[url=]Wigs For Women[/url]
[url=]Lace Front Wigs[/url]
[url=]Human Hair Wigs[/url]
[url=]Wigs For Black Women[/url]
[url=]Wigs For Women[/url]
[url=]Wigs For Women[/url]

LrcTime Commented on August 7, 2017

cash advance payday loans online
installment payday loans
1 hour payday loans no credit check
instant payday loans ’

bywernguatt Commented on August 8, 2017

car insurance in md how much is yours worth? [url=]talks about it[/url]
auto insurance albuquerque

dsasavidtaw Commented on August 12, 2017

Canadian Pharmacy Online Licenesed Canadian Pharmacies 70% OFF! Fast & Free Shipping
Canadian Pharmacy Online Licenesed Canadian Pharmacies 70% OFF! Fast & Free Shipping

discover this info here
[url=]go to this website[/url]

navigate to this site

Veralek Commented on August 17, 2017

and payday loans online
bad credit personal loan
bad credit personal loans ’

BruChela Commented on August 21, 2017

car insurance in va -
a affordable auto insurance car insurance review ’

Vertoto Commented on August 21, 2017

best rates auto insurance -
travelers insurance company general auto insurance ’

CharlesLiede Commented on August 23, 2017

wh0cd853764 [url=]levaquin 500 mg[/url] [url=]Clomid Pills[/url] [url=]celexa generic[/url]

Byuweils Commented on August 24, 2017

auto insurance coverage -
auto insurance comparisons best car insurance companies ’

Lnysswalo Commented on August 24, 2017

progressive car insurance
budget insurance
car insurance comparison ’

Knyboild Commented on August 25, 2017

metlife life insurance
best car insurance
auto insurance quote ’

Lvtaparp Commented on August 29, 2017

best payday loan lender -
cheap personal loans payday loan lenders ’

Lmineonse Commented on August 29, 2017

debt consolidation help -
quick loan lenders same day loans ’

FvbOptowl Commented on August 30, 2017

check cash
loans online
home loans people bad credit
cash now ’

MzuAlelay Commented on August 30, 2017

payday america
get payday loan
absolutely no fax payday loan
fast payday loan ’

Larrydrova Commented on September 1, 2017

cialis canada
generic cialis from canada Through having the PCTB examination, one may earn his/her pharmacy professional license. Individuals possess 110 minutes to complete the test. Three retakes of the test are actually enabled according to the relations to specific PTCB suggestions. Passing the PCTB is fulfilling, as you will definitely make a across the country identified pharmacy technician certificate.

[url=]cheap cialis from canada[/url] Furthermore, employers often choose pharmacy professionals which completed the drug store service technician certificate confirmation procedure. Some companies even see the PTCB tests as a approach from proceeding profession development as well as education. Drug store specialists licensed by the PTCB could find even more options for promo as well as much higher salaries.

SonjaDearf Commented on September 1, 2017

CBD Gummies CBD Gummies [url=]cbd Gummies vitamins[/url] CBD Edibles for Sale Online
CBD Gummies Side Effects CBD Gummies cbd Gummies recipe CBD Gummy Bears

Knrdunsata Commented on September 2, 2017

americash payday loans -
best payday loan payday loan online ’

Btdyfeefs Commented on September 2, 2017

100 online payday loan -
payday loan companies online unsecured loans ’

Janiceexisa Commented on September 3, 2017

[url=]canadian overnight pharmacy[/url]

canada pharmacy for viagra

canada rx


Kawvehiny Commented on September 6, 2017

usa cialis
cialis online
cialis canadian pharmacy
cialis price ’

KennethCed Commented on September 6, 2017

wh0cd2030524 [url=]generic levaquin[/url] [url=]yasmin birth control pills[/url] [url=]clomid[/url]

Huispeems Commented on September 6, 2017

herbal alternative to viagra
viagra online
real viagra for sale
viagra generic ’

VtyWidica Commented on September 6, 2017

canada cialis
cheap cialis
generic cialis does it work
cialis buy ’

VtyWidica Commented on September 6, 2017

canada cialis
cheap cialis
generic cialis does it work
cialis buy ’

Gryuaparp Commented on September 7, 2017

personal loans with bad credit -
payday loans direct lender no credit check online payday loans ’

NrcfEndurf Commented on September 9, 2017

payday title loan consolidation
installment loans poor credit
fast cash
installment loans bad credit ’

Bvnfdweque Commented on September 11, 2017

best debt consolidation loan
payday loans
payday loans bad credit
payday loans online ’

MichaelNub Commented on September 11, 2017

wh0cd8349302 [url=]cipro[/url] [url=]buy cephalexin online[/url]

Ftsifunda Commented on September 12, 2017

cialis 20 mg dosage
cialis generic
cialis canada
cialis online ’

LmtTiewly Commented on September 12, 2017

cialis 40 mg dosage
online cialis
cialis tadalafil 10mg
buy cialis ’

Fzxolnenna Commented on September 12, 2017

viagra brand 50 mg generic
viagra alternatives
viagra generic ’

KmrvEndams Commented on September 13, 2017

car title & payday loan
payday loans
payday loans ’

BvujTraume Commented on September 14, 2017

fast cash personal loans
payday loans
same day payday loans
cash advance ’

NggtEndurf Commented on September 14, 2017

same day payday loans
installment loan
low interest loan
installment loans ’

VegtAssise Commented on September 14, 2017

apply for a payday loan
personal loans
fast online loans
personal loan ’

MichaelNub Commented on September 14, 2017

[url=]advair over the counter[/url] [url=]lipitor[/url]

LmuiTheomb Commented on September 14, 2017

viagra pill splitter
viagra generic
cheapest price viagra
viagra price ’

MichaelNub Commented on September 14, 2017

[url=]buy revia[/url] [url=]tadalis sx[/url] [url=]celexa[/url] [url=]fluoxetine[/url]

LnmiAssise Commented on September 15, 2017

easy loans no credit check
personal loans
car title payday loan
personal loan ’

KennethCed Commented on September 15, 2017

[url=]Vardenafil[/url] [url=]cialis online[/url]

Yloslob Commented on September 16, 2017

onlinepharmacy viagra 25mg

[url=]viagra online[/url]

viagra online

soft tabs viagra generic

Yloslob Commented on September 16, 2017

viagra coupon

[url=]buy viagra online[/url]

viagra online

viagra scaduto e pericoloso

Yloslob Commented on September 17, 2017

buy viagra online in sa

[url=]buy viagra online[/url]

viagra coupons

comprar viagra el salvador

Cebyvdweque Commented on September 18, 2017

loan interest calculator
personal loans
direct lender payday loans
personal loan ’

VvbEndurf Commented on September 18, 2017

10 dollar payday loans
installment loans
free credit check
installment loan ’

Fedyalob Commented on September 21, 2017

expired viagra safe take

[url=]viagra canada[/url]


email viagra

Jkoslob Commented on September 21, 2017

coupeur de pilule cialis

[url=]cialis online[/url]

buy cialis

only today price cialis

Add Your Comments

Remember personal information?

(It will take a few moments for your comment to be published. Please do not close the window until then.)

Read More ... 110 Posts In The Same Category

This page was last rebuilt at September 21, 2017 06:59 PM PST. (479 Words)



Consumerism Commentary
Get Rich Slowly
My Money Blog
All Financial Matters
The Simple Dollar


Copyright 2003-2014, All Rights Reserved. (Privacy Policy)