[USER]

We were pretty late to the FI movement, but no debt, own two homes, one in Florida (primary residence) even though it is a manufactured home in a 55+ community.

We own the home and the land. And… a second (summer) home (stick-built) in Ohio.

All our monthly expenses for living and both homes are covered by our Social security and pension. (62 and 68 yr old)

We spend ~7 month in Florida and ~5 months in Ohio
We have a net worth around 960K (Vanguard accounts and Bitcoin) without including the houses and vehicles. 1.35 million all in.

I would like to sell the manufactured home (worth around $155K) and buy a (block) home in Florida, probably around $325K The difference of the $170K would have to come out of our Vanguard brokerage account or sell our bitcoin.

I really do not like the HOA and the manufactured home, but when I think of the difference in money, I think maybe we should just keep it.

However, I know in the long run, it will depreciate.

Any advice would be greatly appreciated. What would you do?

[Jeanette]

I would sell the mobile and buy a block home with no HOA. Buy as new as possible and as elevated as you can.

You know the mobile will just depreciate and unless you own the land the lot rents will keep climbing.

Every hurricane requires evacuation of all mobiles in path. Block home much safer.

You are doing great!

[Dave]

How coastal are you in Florida? Insurance being dropped left and right and hurricanes only getting stronger and more frequent.

[Tony]

At your age? Do what makes you happy. You have 960k. What else will you use it for?

[Julie]

50 miles inland is pretty safe. Why don’t you like it other than it’s a manufactured home

[Author]

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