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Happiness and House Hunting in Paradise

How to Buy a House

There's nothing more financially sobering than trying to buy your first house. The process lays bare all of your economic realities at once. Whatever you have or don't have is revealed for all to see. It's more than just stressful--it's humbling. My husband and I have been trying to buy a house, off and on, for the past six years. When we began the process, in mid 2007, we were still in the financial bubble. You remember, that was when your $500,000 house was suddenly worth $800,000. It was like winning the lottery. If you sold then. If you bought then, you might be wishing you hadn't. At that time, my husband and I were in a state of total disbelief. Here we were, college educated, successful careers. Between the two of us, we had an MBA and a published book. Not bad on paper. However nice that success is, it still wasn't going to get us a house within commuting distance to NYC. At least one we wanted. Not. Gonna. Happen. Not when $500k got you less than 2000 sq ft and $15,000 yearly taxes. What. The. Flock. So we decided to procreate instead. No mortgage approval necessary for that, no sir. This is how, six years on, we still live in a rented 2 bedroom apartment with about 1000 sq ft of living space. With three children. It's not so bad. In fact, I kind of like it. We have everything we need to thrive and grow. Sure, Sydney would love to have her own room, and Sam wants a big backyard where he can let his inner superhero roam free. I don't know when and if we will buy a house house this time, but I do know that we are happy where we are, and you don't need any money for that. - Posted using BlogPress from my iPhone