Real Estate
Fannie in front of the fireplace No one can accuse us of making a killing on real estate. Actually, real estate has nearly killed us, financially anyway. We decided to move to our economically depressed neighborhood near downtown Des Moines 5 1/2 years ago. Yep. Right at the peak of home prices and just before the fall. Typical luck for us. We are fortunate that our 108-year-old house was mostly benignly neglected. A $55,000 renovation made the house liveable (new bathrooms, remodeled kitchen, new radiator, wiring, and more). It really is a beautiful house and there are still many, many projects that need to be done including floor refinishing, basement waterproofing, front porch repair, window replacement... Basically, we live in a money pit. We just did a crazy-fantastic refinance - we're saving $600 a month and the house will be paid off in less than 15 years. With a few more years and perhaps another major project or two, I could be content to live in this house forever. The ho