Posted by NY 986 on September 16, 2020 at 08:26:38 from (67.249.255.74):
In Reply to: How much is enough posted by Grandpa love on September 16, 2020 at 04:31:12:
My wife and I are not rich and a fair amount of that is making choices. Being home at night was a priority so that meant forgoing jobs that paid more that required being on the road or away from home. The region here saw its best time economically decades ago before I graduated high school. Right now things are probably a little too sparse but can't be helped unless we wanted to move away from family and friends. The people that come in from Pennsylvania, Boston, or whatever tend to bring money with them and some of them start businesses. Selling a modest home 30 miles outside of Boston often means well over a half million dollars to start a new life. Buy the same home they had in New England means only having to spend around 100K dollars so they have a few hundred thousand dollars typically to spend on a landscaped business, small vineyard, or whatever. Makes it hard to compete when somebody has cash brimming from their wallet while you have to convince the banker that a 50,000 dollar loan is justified when your house and primary asset may only be worth 75,000 dollars. I'm not complaining but just pointing out a business was there for the taking for you where it would not be in some other areas in the US.
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