OK, I’m flipping out. We put in an offer on a house and it was accepted!
We’ll be living in, believe it or not, Eldersburg Maryland. We had been looking into Howard County or Baltimore County, but they were simply out of our price range. So we’re buying a cute little 3-bedroom split-level right down the road from my mother’s house (free babysitting!), and we’ll be poor for the next few years as every ounce of money we make will be channelled into the house. *whew*
We close December 8th – think happy thoughts for us!
OK, I’m flipping out. We put in an offer on a house and it was accepted!
We’ll be living in, believe it or not, Eldersburg Maryland. We had been looking into Howard County or Baltimore County, but they were simply out of our price range. So we’re buying a cute little 3-bedroom split-level right down the road from my mother’s house (free babysitting!), and we’ll be poor for the next few years as every ounce of money we make will be channelled into the house. *whew*
We close December 8th – think happy thoughts for us!
Welcome to my world!
One day, you wake up to realize that paying for a home is going to eat up somewhere around 30% of your take-home salary. But, if you’re in the right place, even though you’re “losing money”, you’re getting it back because it will be one of your biggest capital investments that will allow you to pull return out of it one day.
And it’s nifty to be a homeowner, in some ways. It’s taken me six years of owning a home to warm up to mowing a lawn, though.
—
Matthew P. Barnson
Congrats!
Ben, that’s awesome news. When is the closing? We’ll be in DC in two weeks; would love to see the place.
What’s interesting to me is that people have this conception about a return on homeownership; that you’ll make a lot of money once you sell the house years down the road. Regardless of how much money you make on the sale of a house, be it from simple neighborhood appreciation over time to a turnaround project, you never really see that money. This is because you end up buying yourself into a bigger house with a bigger mortgage with payments that require the same % of your take-home.
I think the only time someone like us will sell a residential house and walk-away with money is when 1) the house sold is a second house that’s been used as a rental, or 2) when the kids are grown-up and leave the house, and you sell your 3,000 sq. ft house to move into a smaller pre-retirement condo.
Otherwise, enjoy the tax-deductible interest payments.
Home ownership is great! There’s nothing like the feeling of mowing your own lawn.
December 8th
Sorry, I just looked back and saw where you wrote the closing is on December 8th.
WOW!
Fun, eh?
Congrats!
homes
are you looking for ahome because if you are, then i can help you.just text me on the internet.if you are not do not respond.thanks
OK, forget I said anything.
Ah well — too good to be true. The @&#$*%^ of a seller went and accepted another offer behind our backs before we had a chance to sign the new contract. Jerk.
Back to square one.
— Ben Schuman Mad, Mad Tenor
That House Sucked Anyway
Get In Groove, Sammy G
Sucky House
You’re not kidding. It smelled like cats.
— Ben Schuman Mad, Mad Tenor