Big changes for Saucy. After years of part time self employment , and trying to live cheap , we've really gotten nowhere. Last week , I was offered full time work , by a friend who is the project manager for what has just become the largest construction company in our area. I get job offers all the time , as I have lived here forever , done many types of work , and have a great reputation , but this time , I have the added pressure of NEEDING to buy the house that we live in , from my wife's parents. It's all happened rather fast. My mother in law visiting , and wanting to know what our intention is for the house ( we live in a large house on a large 1/2 acre lot 1/2 forested , for $500 a month + caretaking , about $700 below the rental market). My fiscally savvy step mom , presented us with a unique way to but the house , providing that the inlaws help us . So now I start working on Monday , subcontracting as a carpenters helper for $20 /hour to start . I talked to the Bank yesterday , concerning our convoluted plan to purchase the house , and they said OK. The way that property prices are skyrocketing right now , if we decide on a price right now , we will do quite well , and in a few years the bank will like the value of the house so much , that we can finish the deal with the inlaws with ease. The house is assessed at $247,400 , but would sell right away for close to $450,000. Sounds like we might be able to split the difference.
End result , is that we will gain so much equity in 3 years , that the house will be probably worth $600,000+ (unless the bubble bursts , but that probably wont happen 'till after the 2010 Olympics) .
I have been guaranteed at least 2 years , and that just covers the companies present commitments , so I'm sure I can do this as long as my body holds out. I have built many houses , but not for a while. The boss seems like a great guy to work for , so it'll all be good , just a bit scary today , thinking of how much I'll be away from the family. I will also be on the Org MUCH less , probably just checking in after 9 , for a quick look see.
I'm sure I'll have lots to tell you all next week , after I have been back at it for a few days...