About 8 or 9 months ago, there was a house in the neighborhood that I rent from near my job that was going to auction. I decided, "What the hell? Why not start the process to bid on it?" So I did. I signed up with a mortgage company, got an agent, and started the process.
Well, it didn't go well. The house never went on auction. It was in the process with another buyer. I got to look inside, and it was beautiful and big and had a pool and jacuzzi. Although the pool was all fool of scum so I couldn't really tell if the pump worked or anything. Then the bank dropped the other potential buy, but asked for $50k or more than what my agent thought that it was worth. So I made a low offer, was declined, and let it go.
Then, about 4 months ago my agent called me out of the blue and said that the house had been appraised for about what we offered for it. I said "Cool, let's offer what it was appraised for!" And we did. And it was accepted! Great! Scary!! Gary inspected it (with no water or power on), and found a couple problems, but said it was mostly good. We still didn't know if the pool worked.
I had planned to visit a friend in New York city this spring, but put it off because I needed all of my savings for a down payment!
After deciding that my budget could just barely manage the payments, a lot of thought, and a pro-con list, I decided not to buy the house. I loved it, but it wasn't the right time for Gary and I. If I had bought the house, I couldn't pay rent where we live now, and he'd basically be homeless. Not a good situation.
But from then on, I was pretty free with my money. I kept saying, "Since I didn't buy a house, I can afford this!" I bought $100 boots and $100 pants just because I liked them. I bought plane tickets for 5 people and didn't have them pay me back. I bought expensive cheese, went to the movies, paid for all of our dinners out.
It was a great few months! Then, my niece's best friend for 16 years (starting when they were toddlers) said that she was going to nanny in Rome for a month this summer. This sounds like a great excuse to go to Rome with one of my favorite people! I checked package costs, and ended up buying a package from Orbitz for 7 days in Rome this July!
The only downside is that I can't say, "Since I didn't buy a house, I can afford this!" because now my extra savings is taking my niece and I to Rome!
If I do end up buying a house in the next couple of years, I hope my nephews are okay with a slightly less epic trip... May be stay with family in Finland? Hawaii? Latin America? But I have a few years to save for those trips, and a house.
I worked hard for my degree and avoided having children, which is what allows me to have some money now. But I know that my family's support through most of my education and being White also has helped me get as far as I have.
How far is that? Rome with the one who made me an aunt!
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