Comments on: A Grown Up Time Out

By: 9 Months and Counting « Zayna’s Garden

9 Months and Counting « Zayna’s Garden — Mon, 25 Aug 2008 23:57:58 +0000

[...] I’m talking about it us aiming for putting the house up for sale in 9 [...]

By: Zayna

Zayna — Fri, 22 Aug 2008 20:50:08 +0000

Dana – Thanks. That’s just it, I don’t know how long we’ll be able to afford to take a chance like this and I’m thinking that stepping back and really evaluating our choices and decisions will help keep us from making the same mistakes again.

By: Dana

Dana — Fri, 22 Aug 2008 03:33:52 +0000

Great decision, it sounds like. House payments can become such a burden and such a stress. Hopefully the market is doing pretty well by then.

We have a real estate agent coming out next week to look at selling ours, although for different reasons. We outgrew ours two kids ago and have another on the way. I’ve always been happy we chose to not listen to the bank about what they said we could afford. We actually pay less for our mortgage than we did for rent. But I’m still anxious and feel sort of trapped because I know when we sell (if it even sells…it sat on the market for six months before and we gave up) it won’t be as much as we want, making the down payment a bit tough. And there is no way we will find a place to rent for $435 so that we could bank any difference to save for a down payment.

But I am rambling now. I hope all goes well for you and you can soon get out of this burden!

By: Zayna

Zayna — Thu, 21 Aug 2008 23:52:48 +0000

Kirsten – Hiya! I obviously finally figured out how to de-spam your comments…phew. Yeah, these days a mortgage is not really the sound investment it once was…I don’t see that improving a whole lot in the near future. We have no plans right now to move out of town.

Stephen – I don’t know about neat trick it just seemed like common sense. The way it’s going, there’s a good chance we couldn’t afford to try this out in a few years. It might not be life altering and we could end up with another mortgage at the end of it, but in the meantime…it’s still a year off.

By: Stephen

Stephen — Thu, 21 Aug 2008 12:24:05 +0000

That sounds like a prudent decision. And I like the way you put it: a “time out”. If you’ve devised a way to step back from the daily merry-go-round to evaluate your patterns, and consider your options, that’s a neat trick!

Generally we engage in too much “doing” and not enough reflecting. I’m sure significant insights and wise decisions will emerge in due course.

Meanwhile, it’s a good thing you’ve already started clearing out unnecessary possessions!

By: Kirsten C.

Kirsten C. — Thu, 21 Aug 2008 12:03:50 +0000

Wow! I understand (every so slightly) about the stress you must feel watching your investment slowy disappear (mutual funds, anyone?). My worry is I’m not even in the “house as an investment” game yet, and I worry when I do make the move to home ownership I’ll be paying a mortgage for eons. I applaud your decision to consider your options, though I hope if you decide to move it won’t be too far away!