"Shed" as a verb
We had an important shedding moment yesterday, when the sale of our house in New Jersey closed.
There was some drama at the finish: the buyers wanted to knock an additional $10,000 off the price because there was a little water in the basemant after a big rainstorm. Two cups of water ended up costing us $2,000. It is a lousy time to be selling a house (duh), and we feel slightly beaten up by the process.
That said, everyone signed (we were on the phone from Nashville, experienceing it all through our lawyer, who was great), and 10 minutes later the net proceeds were in my checking account.
It is a great feeling to no longer have our monthly mortgage + tax + insurance payment. We still have our small house in the Catskills, and a small mortgage to go with that, but our cash fixed costs have literally dropped by almost 70%.
Today we are travelling (separately, unfortunately) back to Newark, and then overnight to Ireland. The warm-up phase of our adventure really starts today.
Coco said,
October 21, 2008 @ 12:42 pm
Thrift is the new cool. I love that you don’t have a mortgage. This is the biggest thing that I did in the last 2 years…I was very very lucky and got to pay the last one off. For me, the hardest part is not telling anyone! You know how I like to brag and am so competitive: I want to tell the world! So I tell you. I’m so proud of y’all. So many people would’ve chickened out and only go for a 3 week vacation! I love reading about how you are finding your pace, etc. Cannot wait to read the rest. Make India post pics on your blog….since you are sharing the computer and all.