We bought a house. Maybe not the best idea, but we did it anyway. Our free housing was coming to an end, and we either needed to rent or buy. We walked through quite a few rentals before we decided that it just wasn’t for us. The average price was around $650/month for a 2 bedroom that would allow dogs. Add another $50/month ‘pet deposit’ and the price is bumped up to $700/month. Unfortunately, most of the housing came with roommates (mice!) and looked to be on the verge of being condemned at any moment. We were at a standstill. We can’t afford to rent, and we certainly aren’t in a great place to buy. So, we are now the proud owners of a small three bedroom home in a great location.
I honestly don’t regret it a bit. Our mortgage, taxes, and insurance come in at an estimated $436/month and are well under the cost of renting. This month’s net worth report will reflect our down payment, and the addition of the loan.
So how's that for delayed gratification?
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