We arrived at the beach for a week, maybe two, on Thursday. The plan originally was to go for a long weekend.
As we were chatting Thursday morning, Scuba Man asked why we were going just for the weekend? What is stopping us from going for a week or two? The answer is nothing. Neither of us has any appointments in the next few weeks, and he can work from home, so I packed for a longer stay.
It seems like we do more of our planning talks here. Maybe that’s because we want this as our future, our permanent home. We had another goals discussion yesterday. It was much different from the one we had last time we both were here for the week.
Scuba Man brought up the fact that since I was laid off, I seem lost, like I have no direction, no purpose. He said it looked like I was just floundering. I realised he was right. That is exactly how I’ve felt, he just put it into words. I need something concrete to work towards other than just finding a job. No matter how much effort I put into that, it’s mostly out of my hands, especially with so few positions available.
Scuba Man suggested spending a bit of money and concentrate on getting the Richmond house is good enough shape to rent it out. We may not get enough in rent to cover the mortgage, but it would be a yearly rental, not a weekly, and the tenant would be responsible for paying the utilities, not us.
We could live here at the beach. I could then get a job down here to also bring in some extra money, even if it’s just a seasonal job. In theory, it sounds wonderful. But, I AM the worrier…
I don’t think we would have the house ready for 4 -5 months, unless we concentrated to the extent of not doing anything else at all, including spending time here. Once it’s ready, would we be able to find tenants? We first need to investigate this through rental management companies.
This leads to my second worry. What happens if we spend some of our savings to get it fixed up and then we can’t rent it? We know about how long our savings will take us while I’m unemployed, barring any emergencies. It’s scary to me to use some of this savings now for something that might not pan out.
But, we need to do something. The more time goes by, the more discouraged I feel about the job prospects in Richmond.
I could get a job at the beach very easily now, but it would be seasonal and low pay. I wouldn’t mind that, but it’s not going to help us get to where we need to be. I’m not even sure it would make our savings last longer, as being here full-time would mean higher utility bills and more money spent on gasoline as one or the other of us will be doing more travelling so we can spend time together.
With the market so depressed, we know we couldn’t sell the house in Richmond for what we owe. Although the number of houses is low, there have been foreclosures and short sales in our area and that is bringing down the overall prices of all houses for sale. It’s not that we would want to make a profit (although that would be nice), but we would need to break even.
So, I guess we’ll take the chance. I will concentrate all my efforts in getting the house decluttered, painted, and generally spruced up in hopes of being able to rent it. We’ll get the new carpet and things we have put off doing. We’ll work towards the goal of getting the Richmond house rented and see what happens from there.
It’s scary, but what else can we do if I remain unemployed? The prospect of doing nothing is at least as scary if not more scary. If nothing else, it gives us a direction to work toward and it may bring us closer to our dream of moving to the beach full-time.