WALKING AWAY FROM EQUITY
Walking away from an investment is never easy, but the issue is when it is so difficult you decide not to walk away. You think you are staying in the frying pan out of the fire, but this does you no good if someone flips over the pan. Walking away is a strategy in and of itself, one I’ve never had a problem with. I wonder if it has to do with growing up in the country? I know it’s a cliché, but when death is normal you definitely get an understanding you can’t hold on to everything. Of course, I’ve also never had a huge attraction to money past a use as a tool, so there is the ease in which I don’t earn much and then don’t much care what happened to the last paycheck. I don’t want to see it go to waste like to some prick landlord that jacks rent up 10% a year and gives a crap less how his customers can afford it than if that is the correct amount the market will bear. But once I put it to good use it is over and done to me. I don’t look back and say, gee, I wish I had that $500 I gave my daughter when she needed a start on tuition, or the same amount I spent on Russian ammo. I say, I’m happy to be buying her forgiveness ( you can’t buy love, so I’m trying for redemption ) and I’m happy I don’t have to worry about reloading supplies now. And I also don’t look back and regret bad investments, as long as I’ve moved on to a better place.
In Florida I moved from renting an apartment to buying my own mobile home- a tax return bought an older model. So old the pipes were not copper or plastic. It was a great little place, under a giant tree so we didn’t need air conditioning, and since it was paid for it cost me just lot rent at $175 a month. Then I got the silly notion stepdaughter needed more space ( her room was a half the screen porch walled in ) and we traded in and started making payments on a bigger unit in the same park. So what happens, of course? The one bitch moves away from home and other stops working so I have to make home payments myself while my child support payments and taxes take 60% of my pay. The wife starts working again, we both get tax returns and put three grand down on a $12k mobile in a better park and walk away from the current home losing all equity. And then the wife loses the next job and once again we are screwed. After holding on as long as possible, having roommates even, it just isn’t working and we move from Florida. A good ten grand lost in mobile home payments. I overpay for a travel trailer in Carson, then we move in to a bigger one I buy for cash from a 401k check that was manna from the post office from my old job I didn’t even know we had. When we tried to move to Elko I gave that trailer away- but lesson learned. Between the two I only lost $4k equity. I could make a long list of other poor investments. We all make them, mostly because we can. Because we are in living amongst a surplus even if it isn’t what it used to be. But life should be a journey, not a pile of toys.
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