Thursday, April 10, 2014

To Sell Or Not To Sell? That Is One Man's Question!

Dear Tazi:

I live in an area where the housing market is especially depressed. The good thing about this is that I do not have a mortgage; I own my own home. The bad thing is that my wife wants to sell and move to Florida. “Mildred” feels that since we do not owe a mortgage on the house, anything we get will be profit so we do not have to wait until the market improves to sell.

Tazi, Mildred is my second wife. We married after the house was paid for, partially with the monies of my late wife’s life insurance. I resent the idea that her death has allowed for a “profit” on the house and would tell Mildred directly if it were not for the fact that she is so sensitive about my first wife (that is another issue altogether).

I have informed Mildred that I do not wish to sell the house until the economy improves and offers a better return on investment. I have agreed to move to Florida (against my personal desires) and rent our current home but Mildred does not think this is a good idea. She would rather have a lump sum of cash than a monthly dividend. I am afraid if we sell this house for a lump sum the money will be gone all at once, too. Mildred loves to spend, a habit I was unaware of until after we were married.

Tazi, I love my wife and want to make her happy, but I cannot do that if it is going to mean great financial loss. I know what I would like to do…but am uncertain if it is the right choice, morally. What would you advise?

Frugal Fred

Dear Frugal Fred:

When in doubt, take a moment to scratch behind the ears of a feline. The soft fur and the rhythmic purr will relax you; melt away your stress; and make for one very happy kitty! Oh, it will also clear your head so you can think straight. If you do not have a feline, I suggest you make a trip to your local animal shelter and adopt one. If this is not possible, ask a friend if you can borrow their cat. Let the meditative ear scratches commence!

Now that you are relaxed and your mind is clear, what is your inner voice telling you? Is it telling you to feed me some kitty treats? Oh, sorry…I pull this exercise on Mommie all the time. Is your inner voice telling you to follow your heart? Morally, you should at least consider your wife’s wishes, just as she should consider yours. Knowing how much she likes to spend money, would it be morally responsible of you to sell your house (for a lesser price) and watch her spend it all within a few years? Or would it be more prudent to rent your house and use the monthly proceeds to buy/rent a place in Florida?

One of the wonderful things about coupledom is that one partner tends to balance the other. If I were in your shoes, I would again offer the compromise that has already been made: rent your current house, rather than sell, and rent another place in Florida for yourself. You may discover that Florida is not what you want for year-round living (it gets hot and humid in the summer, not to mention the bugs, snakes, and other reptiles).

If I were you, I would explain to Mildred that the compromise on the table is the only move you are willing to make at this time. In the end, you can always change your mind about renting out your house; but should you regret selling there is no buying it back.


Ask Tazi! is ghostwritten by a human with a Bachelors of Arts in Communications. Tazi-Kat is not really a talking feline.

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