I did indeed get some time off finally. It was a good 3 weeks. Didn't do an awful lot, hung out with PG and the kids, went to Avengers, bought some Mothers Day gifts and hurt my fingers learning banjo (I know the "G" lick now, just can't play it fast enough yet). All in all it was good to relax and do nothing.
We have been actively watching the local MLS listings. Some good houses out there but it seems like there are very few with what we want for less than $400,000. That's a tough mortgage to get my head around. To get even 20% down we need to round up $80,000 and even then it is still a $2,500 payment each month. I need to get it through my head that I need to treat it like an investment opportunity, that no matter what we cannot lose and the money is not going down the drain.
The small city we are looking at (my home town) has a very bright future I believe. With ongoing big oil and gas activity some forestry and the kicker is a multi year dam project the will probably get built (though I am totally against it). I think it may hurt even more to not buy now and then watch as housing prices go through the roof...but the question is: Do I really think I can get at least a 20% return when I go to sell the hypothetical house...if we ever do? And what if we are just now entering the biggest depression the world has ever seen and the plunge of 2008 was just a popcorn fart in the whole scheme of things?
These are the questions going round and round in my mind.
Gold is totally a saving account. Good to have in the event of a "greater depression". Your savings will actually have value rather than sitting in a bank account, depreciating. Plus everyone will always want it, so you can sell the shit out of it.
ReplyDeleteBetter interest, too- But you know that.
Look at me, all on board with the doomsday conspiracists. If only I had some money to invest. Booo.
Good luck with your house!
I agree. I actually saw your silver video and that put me onto the uke one. Great cinematography in that BTW...not kidding even a little bit...and thanks for the luck...house buying scares me
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