Okay y’all… we went and looked at yet another house in the (what I’m calling) great house hunt of 2013. It’s incredibly difficult to feel optimistic. What we can afford on one salary is most often not inhabitable. In fact, what we can afford mortgage-wise could then cost us an additional 30k out of pocket just to make it livable. Ridiculous. We almost have resigned ourselves to the fact that we won’t be able to live in the area we would like but it hasn’t come to that yet. Right now, we’ve decided to open up our options a bit more and look into some condos or town-homes in the area. Honestly we’re not thrilled with the idea but we seem to be having no other options.
So, we’re making a conscious effort to fully rely on God and trust His providence. Craig is going to speak with our landlord about the possibility of buying our condo we’re currently renting and/or the possibility of having a flexible lease for us to stay put but still keep looking at homes. Honestly I’m not super excited about buying the condo just because it’s tiny and there’s no yard and we want to have a kid and all of that. However, I know that for the long term having a condo on 1st street makes sense financially. We’ll never have difficulty renting the condo seeing as it has an “ocean view” (meaning if we stand on our balcony and look closely in-between the buildings across the street we can see the ocean). Not to mention the condo comes with covered parking and storage. I mean, if this works out it would be a great long-term investment.
It also means that we’d be in this condo for at least another two years before we could rent it out and buy something else. At least that’s what I’m thinking would be our timeline in a best case scenario. I definitely feel like I’m behind in the game. My short sale a few years back really not only caused me some financial strife but also caused me some mental anguish. I’m still beating myself up over that whole situation. I’m trying to go into this new home ownership with plenty of savings and good credit and a plan of action. It’s hard though, y’all. It’s hard when everything is out of our price range. No wonder people just rent forever. Home ownership is not as easy as the government would like you to believe. It’s very difficult to qualify for a loan even with stellar credit and a pretty decent income.
Anyway, thanks for letting me vent. I know that most of y’all reading this blog are friends/family but there are some folks out there who might feel like I’m over-sharing or worse, seeking attention and/or sympathy. Please know that I share this just because I know that other people are in the same situation and it’s frustrating and I feel like we can learn a lot from each other and most importantly I feel like sometimes it’s nice just to have a kind ear to listen and offer words of encouragement. If you’re going through this situation I’d love to hear how you’re making it work. If y’all have any advice I’m all ears. Thanks for listening. God bless!