20 things you should sell when you retire.

Discussion in 'Fred's Barcalounge' started by GVDobler, Jan 8, 2022.

  1. Jelly Roll Horton

    Jelly Roll Horton Country Gent

    Nov 10, 2017
    Portland, OR
    This reminds me of a quote from a very good artist friend: "It’s not that I want to be an artist; it’s that I can’t help but be an artist." You could say the same thing about being a musician.
     
  2. gtttrrr

    gtttrrr Country Gent

    Age:
    54
    Dec 7, 2011
    United States
    House will be paid for by age 57, only two ways this place is being sold; we want to relocate in retirement, or the kids sell it and split $ after we’re both feet-first gurneyed outta here for good.
    Selling to rent in the same town is an absolutely insane idea in my book.
     
    new6659 and Jelly Roll Horton like this.
  3. Glaw

    Glaw Gretschie

    303
    Aug 30, 2017
    ca.
    Being an ex Econ teacher I had a lesson I called the American dream. It was about home ownership. Unless you’re rich the cost of where you live is your biggest expense and by buying a house you freeze that cost. When my wife and I bought our house it was half of our total expenses, ten years later it was 1/8 of our expenses. Paid it off ten years ago and which made it 0%, not to mention Ca. Property near the ocean goes for a pretty penny today. Biggest reason I can afford all these great guitars, it wasn’t my teacher’s salary. So I’m in the don’t sell category unless you need the money. Guitars go up in price too.
     
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  4. Henry

    Henry I Bleed Orange

    Apr 9, 2014
    Petaluma
    There are many ways to down size. My in laws just sold a 2500 or so Sq ft custom built house in the Midwest to a custom built home I am guessing 1700 Sq ft, plenty of room in the southwest. They saved money and are much happier with the new living house. This is a solidly middle class couple that have been wise with their money.

    The other end is one of the named partners at my firm. They sold their large custom home with pool, vineyards etc. (3 kids have moved out), and have now bought a smaller home walking distance to downtown, a beach house, a home in Mexico.

    Another partner did a similar thing, selling a larger home they raised kids in and now splitting between a smaller home here and one in Britain (where one of them is from).
     
    pmac11 likes this.
  5. Life in the desert SW could get interesting with regards water & other resources (not to take a negative view).

    The home is in Mexico, or do you mean a 2nd home in Mexico?
    Definitely a class apart. That would be interesting.

    They did not invest in guitars, correct? ;)
     
    Henry likes this.
  6. Synchro

    Synchro The artist formerly known as: Synchro Staff Member

    Jun 2, 2008
    Tucson
    Admin Post
    One of the biggest deterrents to selling gear is that I wouldn’t get life-changing amounts of money, even if I sold all of it. It’s not like I could sell my guitars and profit greatly (if at all) and if I sold every guitar I had, the proceeds wouldn’t even fund a new car.
     
    toddfan, pmac11, capnhiho and 2 others like this.
  7. juks

    juks Country Gent

    Nov 26, 2020
    Fremont, California

    "Inflation is the constant rise in the prices of consumer goods and services over the years. As these prices continue to increase, the total amount of goods and services that can be purchased with a single dollar decreases.

    Typically, sustained inflation occurs when the world’s money supply outperforms economic growth, which is why many people suggest that the world’s central banks must coordinate to maintain economic stability. This isn’t necessarily a bad thing. Controlled inflation provides stable growth environment in asset prices. This increases the value of homes and other real assets.

    Recessions and major economic events can also affect inflation and the CPI. During a recession, the CPI often falls or increases at a slower rate due to the decreased demand for consumer goods and services."
     
  8. I’m pretty sure you realize I was being rhetorical.
    We now have a structure by which we buy & sell things, Reverb some call it. And its shirt tail relative Ebay.

    In which we have remoted ourselves from a barter process whilst broadening the size of potential customers who care about the crap we wish to cash out on. Essentially an elaboration of a simple process.

    Farengi Traders of the Mediterranean.
    Whatever did the Phoenicians do without Ebay?
     
    Last edited: Jan 10, 2022
    thunder58 likes this.
  9. I hoard vintage beer. These are my liquid assets.

    The social media entity named “Clickbait.”
     
  10. dswo

    dswo Electromatic

    92
    Apr 8, 2017
    East Carolina
    Last year I noticed that an older guy who walks in our neighborhood seemed to have moved to a different house in the same neighborhood. I asked him about it: he said that the new house was smaller, but they also got rid of a lot of stuff when they moved. Result: more usable square footage.
     
  11. afire

    afire Country Gent

    I don't know about this one, but I believe that some of this type of click-bait content isn't even written by humans. Just AI churning out jibberish.
     
    pmac11 and GlenP like this.
  12. Always trust clickbait.
    It comes as a kit.
     
  13. Synchro

    Synchro The artist formerly known as: Synchro Staff Member

    Jun 2, 2008
    Tucson
    Admin Post
    The sad thing is, some people fall for this nonsense.
     
  14. Guess he liked the neighborhood.
    And easy relocation costs.

    I once found out my former mailman had a secret vacation destination after we discussed revealing one’s personal Shangri-La’s & what it does to reveal it (oh hell, now the people up the street learn why their mail was always delayed if they read this). It was a place to which he intended to retire.

    I spent a long time trying to trick him into revealing it. Never did. He retired.
    Have not seen him since, so I know it wasn’t to a house up my street!

    (prolly cause the mail delivery was unreliable)
     
    MrWookiee likes this.
  15. Chet Harrison

    Chet Harrison Gretschie

    148
    Apr 27, 2020
    USA
    I mean, most of us will have untold heaps of crap for our loved ones to sort through when we die. At least picking through the guitar pile might be more fun for them than sifting through all the other mundane detritus of life.

    Anyway, I imagine the average hobby guitarist probably doesn't have enough gear to fill a closet.

    I'm just going to assume the writer of the article is referring to drummers, pianists, tuba players, double-bassists...
     
    MrWookiee likes this.
  16. Bertotti

    Bertotti Friend of Fred

    Jul 20, 2017
    South Dakota
    I always see conspiracies. I think this has more to do with having liquid cash so that the assisted living place or nursing home has easier access to all your funds. They do not know about home computers tool instruments etc but expect everything to be sold so it can pay for your stay. All of your money goes to the home before Medicare will kick in, only after you are completely destitute.
    I have learned the hard way about this. My mom cancelled her insurance for such a thing and they can go back 9 years to see where all the money is and actually claim money given to family. What a crock. I didn’t understand this insurance so called to check on some for me and my wife. Currently they won’t insure my wife and for me it’s over 300$ a month. Talk about another insurance scam. I see dark motives in this article. My mom is paying between 7800 and 8800 a month for her assisted living.
     
  17. mandobandit

    mandobandit Gretschie

    456
    Apr 1, 2019
    Ohio
    I’m retiring in 18 months which gets me to Medicare
    A little longer if I go full retirement age
    My job is doable at an older age and frankly my employer is concerned about replacing my knowledge and abilities
    House is paid for thirteen hundred square foot bungalow
    Last five years getting it ready for retirement new roof furnace air conditioning patio door front picture window storm doors upgrade bathroom garage door and opener
    I pay off a project then move to next one
    Only out lay of cash is normal bills insurances property tax and car payment
    My grandson’s skills and interest grows strong so he gets stuff of mine regularly
    He also plays clarinet and I’m having a nice wooden instrument refurbished for high school concert band
    I have a pretty solid 401k accounts
    Now my three iron that’s something I rarely use I could sell that the sweet spot has never been used lol
     
    MrWookiee likes this.
  18. Assisted living is kind of a scam.
    However… It wasn’t mentioned in the post.

    Is there actually an article link? A quick scroll didn’t get me there. Twice.
    I thought this all started with a joke about clickbait.

    It may be a little much to extrapolate dark motives on something that was excerpted down to a couple of sentence fragments from a fluff pc one has not seen.
     
  19. Bertotti

    Bertotti Friend of Fred

    Jul 20, 2017
    South Dakota
    Funny how a kind works or doesn’t work, isn’t it.
     
  20. I don’t follow you there.
    If you mean the assisted living part, the thing to remember they are upscale nursing homes, with minimal interaction to maximize profits. Its a business.

    I’m just not seeing a trail from the original post.
     
    Last edited: Jan 13, 2022 at 7:16 PM
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