On real estate games and my failure to understand them - Tactical Ninja
Sep. 23rd, 2010
09:25 am - On real estate games and my failure to understand them
So yesterday we listed the house. I find the games involved with selling a house kind of puerile. You're apparently supposed to list it at a higher price than what you want for it, because you know that people will offer less for it than what you ask. Meanwhile, people know that you've listed it higher than your asking price, so they offer lower than that and with any luck their low offer is close to what you actually want, and everyone agrees.
This is stupid. We want X for the house - why the games about wanting more so that people can feel good about talking us down? NZ isn't a haggling culture, except when it comes to houses, and in my opinion this complicates things unnecessarily. Why not just be honest?
Anyway, it's listed. Hopefully it'll be quick and that'll be done and it'll be over.
Because, you see, I've never had money. Not really. I've had bits and bobs of it, yeah, but right now I think the $3000 I have in savings is the most money I've ever had in my life, that hasn't already been earmarked for something.
Chances are I'll come out of this house with about 35 times that. Which is all very nice. Of course I feel like I don't deserve it, but I'm busy trying to convince myself that that's bollocks and actually, yes I do and it's the culmination of the reason my folks moved here in the first place, to be able to give their kids a better life than they had, etc etc and blah blah.
There's a lot you can do with that much money. None of which someone like me, who's never had more than five grand ever, is equipped to process and deal with.
This is why I laugh when people pull the middle-class thing on me. I'm like, "Um.. whatthefuckever". If I were middle class and had come from a middle class background, I'd have grown up with certain expectations - and handling large quantities of money would be one of them. I possibly wouldn't even consider this to be a large quanitity of money, I'd already have investments and I wouldn't be frozen at the prospect of realising dreams. Other people get to realise their dreams. Not me.
You know the age-old question "What would you do if you won Lotto?" My answer is usually "Nothing, I think Lotto is stupid tax", but say a million dollars dropped on my head. My answer has always been to pay off all my family's mortgages and set my Mum up for the rest of her life, buy a house/farm, travel a lot and invest the rest in some safe place so I can live off the interest. Obviously that's changed a little but I'd like to think I'd be sensible with it.
Thing is, in reality most people from my financial background who actually do win Lotto, end up as poor a few years later as they were before they started, because they have no clue what to do with large amounts of money.
OK, this won't be Lotto styles, but to me it might as well be. And I don't want to be that person. Yes, I want to travel. I also want to buy a house. And I know that $100,000 more-or-less isn't really enough to do anything like have the adventures I want to have. Obviously it's not to be sneezed at either.
Add into the mix the possibility of moving to Hong Kong, the fact that the house I'm living in right now is close to being in my price range and an indication from the landpeople that they would be willing to sell, a chance of taking a sabbatical from work to go do Stuff for a while, and it adds up to one very confused Tats.
I have no idea what to do. For the first time in my life I will have the wherewithal to do any of the things I want to do, and I find myself frozen and unable to make any decisions. Partly this is because I know that if I choose one option, I'll be committed to that and backing out to go do something else won't be an option. And all of the choices involve sacrificing something else that I really want.
I've been thinking about this for a while, and am no closer to an answer. I suspect that what I'll actually do is bung the money somewhere where I can't get at it but it will earn interest, and sit on it for a bit while I sort my shit out.
Oh woe is me! I have so much money and I don't know what to do with it! *cough*
And because I've spent the entire post whinging about this, let's make this more interactive with a question: What would you do if a million dollars dropped on your head? Bonus points for imaginative answers.
In other news, my knitting is getting bigger - it's almost square now - and the loom arrived. I discovered that my spinning isn't good enough to weave with yet (at least, not to make warp threads), but I'm having fun anyway. The first thing I'll make is a bag to put my knitting in!
(yes i am an old lady, what's it to ya?)