One of my aunts mentioned to me a few days back that she’d seen housing prices in our area were going down and this was being called a good time to buy. She asked whether we were considering it.
While I do enjoy walking around and looking at beautiful homes and gardens, I hadn’t given a minute of serious thought.
I have a “someday” picture where Micah and I have a little house with a bedroom and two little offices in the bedrooms/den area (no kids in the picture but that’s a whole ‘nother kettle of fish) and a somewhat larger kitchen (than what I have now…I want counter space!) and maybe a little garden with daffodils and herbs.
Or I wouldn’t mind taking the house she’s selling right now (but it’s in Europe and I’m not quite ready to emigrate). It is possibly the most beautiful house with the most beautiful garden in the most beautiful location that I’ve ever seen (by the grounds of a ruined castle, for goodness sake!). But apparently her new house is pretty sweet…otherwise they wouldn’t have moved.
Ok, drifting off point with that.
Anyway, I haven’t given any serious thought to buying. WHy?
Well, we have a mountain of debt. And no down payment. And a low income. So the only thing we’d really be eligible for is a subprime mortgage. While some people have taken their subprime mortgages and paid them off, I don’t want to take on that kind of responsibility and pay the extra price.
Second, we don’t plan to live here forever. Thank goodness. While there are enough trees and hills here (you wouldn’t think it) to keep me from going insane from cityness, I can’t escape the fact that we’re in a large city. I was raised in a suburban area, but I spent the last 4 years at a slightly (but not too) rural college. I’m a fan of places which are just suburban enough that you don’t have to drive 20 minutes to buy groceries, but rural enough that you have open spaces around.
And back from the rambling…we don’t plan to live here forever. Micah’s go a number of places he’s hoping to teach (not fall semester, but possibly next spring or the following fall) and are not here.
So we really wouldn’t have much time to put anything into the house. The first few years or a mortgage are pretty much interest anyway and, as I said, we have no down payment fund.
Plus we hate hate hate moving. Who doesn’t? So if we’re already moving in another year or so, no need to move again anytime before then.
No matter how comparatively good the prices are or the payments are, there’s just no way in heck we’re buying a house now. Which my aunt said makes sense. It’d be nice to have a house of our own (renting or buying) someday. Maybe even in a few years. But until then, we’ll be happy with our little apartment. Less to clean anyway.