Quote:
Originally Posted by arjun13
What's the plan on where to live after you sell? We are currently in the final stages of buying a house and I would be very surprised if there is a system more broken for buyers than the UK
I'm selling a property in the UK at the moment and it seems worse for sellers than buyers? I can't believe how long the process seems to take.
re my next steps, I want (and need) to stay in my current location. I have two kids still in the local high school and my parents live there too. I sponsored them to retire to Australia about 12 years ago, so it would be tough to leave them here and disappear further away. Plus, I've been living here for 18 years and I love it. It's an idyllic beachside big village/small town and I know a ton of people here.
It's complex - I have a daughter going away to college next Feb and another one going into her final year of high school. Both of have chosen to live with me FT (the elder one when she's home from college) and then a 14yo son who will split 50:50 with my soontobeexwife and me. So I kind of need a 4 bed place, which will involve borrowing a huge amount of $$ at age 53. Where I live is bloody expensive though and while my house has done very well over the past 11 years, buying back into the market at a lower level will be traumatic. There aren't any 4 bed places for less than $2m Aus and even at that price there will be big compromises. A lot easier for the soontobeex and she can get a 2 bed apartment and will probably be able to buy one pretty much mortgage free.
So I might rent for a year and then see what happens with the elder two kids. But that is crazy expensive too - looking at $1500 per week to rent an ok but not incredible 4 bed/3 bed with study. Obviously, the ideal scenario would be to meet a new partner who is local and in a similar life scenario and pool resources with her, but that's a long shot to happen in the next few years.
and my business isn't going great right now due to the stage we're at in the economic cycle. so it's all fun and games
the soontobeex wants to get back with me (no chance) but is trying to talk me into renting with her for a year if/when we can sell the house, but I don't want that at all. but I'm playing nice with her right now both for the kids(we're still all living together) but also because we haven't agreed financial splits yet and what we've discussed is way better than what I would get if we all lawyered up
complex stuff. sorry for long rant
happy you've met someone serious. a nice lady from the right background who your family approve of??