Three years after we moved here, we purchased an additional 20 acres directly behind our property. We were able to purchase it with the equity in our home so we own it free and clear and have the deed in hand. It always felt good to have that piece of land. We baled hay on it for 4 years and have rented it to a local farmer since. There are about 6 acres of woods on one side along the dry run and a 3 acre spot that we call the balloonport where we launch the hot air balloons. This spot is mowed and groomed and perfect for a building site.
We decided to put it up for sale in this crazy real estate market. Who knows if it will sell. It's a beautiful, private spot on a quiet road so it has it's advantages. And then there's the awesome neighbors they'd have ;). If it does sell, we plan on using the proceeds to pay off our mortgage. A little dream...to be debt free. In these unsettling economic times, it makes a lot of sense to us.
Hubby is 53 and has been with the same company for 24 years. His company is directly involved with the construction industry so things are slowing down. What would we do if he was laid off or let go? It's unfortunately not unheard of for companies to think of their bottom line and let the older, higher paid employees go. My sister is a prime example of this having been let go for a minor infraction after 30+ years at the same employer. We need to be prepared for the worst.
I have a friend that has been unemployed since February. A talented sales person who has an average of 2 interviews a week and hasn't been hired. Finding work right now is not an easy task. The unemployment percentages are hugely inaccurate. They don't count the people that are still unemployed after their unemployment benefits run out. I wouldn't doubt that the numbers are double what you hear on the news.
So the thought of not having that mortgage payment looming overhead is occupying our minds right now. Send us some good "real estate selling vibes" and let's hope someone out there is ready to buy.
(Note: This is the 200th post on born a girl. Who knew I had all these words inside of me?)