Sunday, April 15, 2007

Buy or not to Buy?

Aya and I have been searching for a house for quite some time now. We haven't been in a huge rush as we feel we have a good home now. It would just be nicer to be in a home instead of a townhome. Also it would be nicer to live on a street that isn't so busy.

Well, it looks like we found a home worth bidding on. We have to make a decision today or tomorrow if we will make an offer on this home:

For me it is a tough decision. Do you go with finanical freedom, which we have now because I have such low mortgage payment...or do we go with a slightly bigger home and a hefty mortgage payment. Decisions, decisions.

8 comments:

Anonymous said...

Looks really good man! At least the decision isnt as difficult as deciding between a croc. and a frog! :)

Good luck Bud!

Jen said...

where is it? looks like a very cute house...

employee_8 said...

sunil-

i would rather decide between a croc or frog than debt or even MORE debt.

jen-

i can't tell you...i don't want stalkers. it is right along the creek by mcdonalds.

Anonymous said...

Just look at it as a bigger saving account than the townhome. You and Aya will build up more equity in your house and the interest payments are deductible on your taxes. And JT gets a yard to play in. Its a win win situation.

Anonymous said...

hmm tough decision.. Know what you guyz are going through. Darin has always looked at new homes and been wanting to get into a bigger house. I on the other hand love my mortgage. Having that financial freedom..not arguing over money is nice. but then again, a nice big new house is always nice too. Yup, the croc or the frog decision is much easier.

The house looks really cute. Tempting.

Anonymous said...

Buy it, especially if you still have enough to put away for retirement and JTs college savings. Perhaps with a larger mortgage you won't be spending on non-essentials, like that faucet light thing that changes color depending on the water temp. Buy the house and get a dog!

employee_8 said...

tom-

i just don't think the new place is worth 5x the mortgatge. i would rather pay taxes than have a higher mortgage and get a refund.

sao-

i am just too practical to go into debt. if our townhouse was smaller or the new place was bigger...then i might reconsider but i am only gaining 400 sq. ft.

kim-

hey stranger! retirement? this house wouldn't let me put as much as i want into retirement.

you should see my LED faucet light. it sounds stupid, but i use it all the time. it is GREAT!

Anonymous said...

yeah, tough decision. it's not like your current place is small, it's pretty darn big. if you want a yard for jt, why don't you just trade houses with your folks? especially since your dad redid everything so nice. hahhahaa.

well, either way the move will be alittle more difficult than your last move. what did that take us, one trip in my truck?? this move i fear is going to take several trips in my pickup!