I really should have bought a house a couple of years ago.
I could have, but every time I thought about setting things in motion, the sheer magnitude of all of the effort required and risks involved overwhelmed me and sent me scurrying back into a “oh it’s not so bad as it is now” frame of mind. Really though, at my age it’s far past time I started facing those kinds of responsibilities.
Of course, now the question is, do I grab something soon and just accept the increased cost, or try and wait it out if it’s a temporary ‘bubble’? Try and do something creative with terms and interest rates? Consider moving somewhere cheaper? Adjust my lifestyle to accommodate a smaller budget?
Dammit, I’m starting to feel overwhelmed again…
I hear you. We’re in the same boat, actually. I think we’re going to wait some of it out. But moving someplace cheaper, if it doesn’t happen, sounds reasonable. I do know one thing – I’m not going to be paying $1800/mo until I’m 65. Whatever I need to do to acheive that is what I’ll do.