Sell or Keep Inherited House. Advice Needed...

(02-01-2013, 08:10 PM)AlphaQuant Wrote: it seems the main crux is that u are getting burnt out from ur job.

it also seems that u are happy with ur current house, both in terms of environment and sentimental reasons.

so are u going to be happier

a) selling ur house, getting 2 condos (one to stay, one to rent out), keeping ur current job, and getting one more rental income

b) selling ur house, getting 2 condos (one to stay, one to rent out), quitting ur current job/getting a new job, and getting one more rental income

c) keeping ur current house, changing a job which u are happy with

**************

it seems that a) will still be unhappy
c) seems happiest but not sure if possible to find happy job
b) might be happier depending on whether the new job makes u happier than the loss of happiness currently.

so seems to me it boils down to whether u can find an alternative job which makes u happy.

I think you have summed up my issue very well indeed and have helped put things in perspective. Thank you AlphaQuant !!!

in return for so many generous sharing by fellow buddies, will u able to shed some light on your job profession/industry so that buddies can take note in the future? thanks

(02-01-2013, 09:28 PM)pianist Wrote: in return for so many generous sharing by fellow buddies, will u able to shed some light on your job profession/industry so that buddies can take note in the future? thanks

Don't really see the point in sharing my industry as I don't think its relevant. But if you're curious, I'm in transportation line.

lolz! don't tell us ur in SMRT hot seat now?!

Cloudman, by all means, DON'T EVER SELL the HOUSE!! it's serving well as a wonderful home!!

best bet is to get a NEW JOB and live a HAPPY LIFE!!

(02-01-2013, 10:06 PM)brattzz Wrote: lolz! don't tell us ur in SMRT hot seat now?!

Cloudman, by all means, DON'T EVER SELL the HOUSE!! it's serving well as a wonderful home!!

best bet is to get a NEW JOB and live a HAPPY LIFE!!

Nope. SMRT is not my employer .

Getting a new job is my plan but at 50, not easy to get a similar paying job. Current role is probably stable (I think ) but its extremely boring and I find it hard to think I need to continue like this for next 10 years...

thanks for the sharing. indeed at 50 is not easy..i cannot imagine how tough it will be for me when the time comes..maybe still slogging
my two cents - it seems like the house in subject is a family heritage as it is passed down by yr grandfather. u should treasure it.

(02-01-2013, 10:11 PM)Cloudman Wrote:

(02-01-2013, 10:06 PM)brattzz Wrote: lolz! don't tell us ur in SMRT hot seat now?!

Cloudman, by all means, DON'T EVER SELL the HOUSE!! it's serving well as a wonderful home!!

best bet is to get a NEW JOB and live a HAPPY LIFE!!

Nope. SMRT is not my employer .

Getting a new job is my plan but at 50, not easy to get a similar paying job. Current role is probably stable (I think ) but its extremely boring and I find it hard to think I need to continue like this for next 10 years...

Don't ask yourself what the world needs. Ask yourself what makes you come alive and then go do that. Because what the world needs is people who have come alive.
- Howard Thurman

A quote I think is applicable in this context. But it's easy to say, hard to practice what I preach. Guilty as charged

You inherited this property from grandparents this means the property is quite old have you closely gone over the property yet? Are there any issues? pest?

Now the market is full of crazy buyers is like a speculative stock market If it were me I'd sell the house put money in the bank take 500k out to invest for 5-7% annual dividends no headaches.

i would keep the house if it is not in need of major repair that needs a lots of cash which i may have trouble raising. if job stress n burn out is issue, i would gladly takes home less 1-2kpm n switch to a more comfortable job.

Any possibility is to rough it out for now and then leave the property to your kids. Leave it until they need their own place and have this subsidise each of them. It would help them greatly even if this can only offload 20% of their new home.