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Exactly what I was thinking, I'd consider myself pretty financially solid but $50k would ruin me. I'm assuming the OP was doing renovations of some kind already
by FussyZeus 11y ago
Exactly what I was thinking, I'd consider myself pretty financially solid but $50k would ruin me. I'm assuming the OP was doing renovations of some kind already and had the cash on hand, or at least the majority of it.
- jcadam 11y agoMy response to a surprise $50k repair to my home would be to call the bank and say "House is yours, man. Keys are in the mail."
- cbr 11y ago* $50k is less than the down payment. * We didn't know how much it would cost as it went; it was pay-as-you-go. * That would make it hard to buy a house in the future. * I don't like the idea of walking away and making it their problem.
- cldellow 11y agoOP could just cut back on their charitable giving. And, perhaps that's what they did: http://www.jefftk.com/donations http://www.jefftk.com/donations
- matthewmcg 11y agoWow--that really is an extraordinary level of giving, relative to what they have earned. I suppose that's one way to cushion the effect of a financial shock--get used to living on only a fraction of your total income and donate the surplus when available.