I think I already know what my decsion on this is, but I am interested to get your thoughts on a situation that has arisen here, because you guys seem like a sharp bunch of people. I need a sanity check.
Our house is small for a fam of 5. Have I mentioned that like a million times yet? However, I like it. I will like it oh-so-very-much more in the near future after we finish our re-do this summer. It is a great house in a sought-after neighborhood. While the rest of the country is in a housing crisis, Cowtown is holding its own and maybe even still thriving in my part of town thanks to the Barnett Shale (did I mention my house is sitting on top of it?) and some other factors. In fact, the realtors who helped us to buy this house have called several times in the past year asking us if we are ready to move up because they have a family who is looking that our house would be perfect for. There is NO inventory in our neighborhood, especially in our house's price range. These conversations always end with, "yea, so where would I go if they bought my house?" Answered with, "well, there is that problem...as you are unwilling to move out of this part of Ft Worth..."
BUT a house just came on the market - it is PERFECT! It is in the right neighborhood. It has a pool...needs minimal cosmetic change....it is pricey. We could (barely) swing the mortgage. Rich's analogy to me was this: "Remember when we moved here and we could afford NOTHING and you felt like your life was a prison? Well, for the next couple of years you would just be living in a nicer prison, you know, like the federal white collar prison." He told me to think about it and get back to him. I'm thinking that I don't look forward to being house poor. On the other hand, can I trust that fate will put another house on the market in a few years that is as perfect for our needs as this one? Rates are low. But, rates were low when we bought our current house too...so my mortgage is like miniscule....and I am excited about our remodel plans and rates are low for a HELOC right now...and that upgrade to captain just slips further and further into the future... (thanks a lot Mr. Economy and Mr. 60 year old!)
So, opinions? Stay the course? Buy now and suck it up for future happiness's sake?
WHEN IS SPELLCHECK COMING BACK??????? BLOGGER - GET YOUR ACT TOGETHER!!!!!