It seems so simple in theory.
Save some money, pick an area, look at a few houses, buy one.
Live happily ever after.
No one really prepared me for a housing market that is way over priced . . . even in tiny, booney-ville places. I mean seriously, for a place that really doesn't have a draw, people are charging $300 000 and up for a 2000 sq ft house.
In the places we need to live, prices are even higher.
In fact, even in areas where we would consider moving to (although they don't cut down the commute in the least) are still far more expensive than what we are currently paying.
"You're in the best position. Renters who are entering the market at the 'crash.'"
Well, someone should inform the sellers that their house prices need to drop much more. Because I have yet to see a "drop", let alone a "crash."
And yes, it is nice to know that we don't have to try to sell a house right now, but we are still trying to buy a house in a market with extremely low inventory and close to sky high prices.
Add to that a little pressure from the agonizing commute and we're getting smoked out.
Forced to purchase something either tiny and still a good chunk of money (in a less desirable area), or to pay much more for something that would at least fit our current furniture and move in right away.
I have spent long hours, too many days and weeks to count, analyzing one area/house over the other. Going over expenses and scenarios.
Finally, I came up with a house that somewhat met our "live below your means" (or at least somewhat), space and area requirements. Something that will do us for 1-3 years.
It was settled. It would work.
Until our landlord showed up and all of a sudden took keen interest in having our place painted and fixed up.
I can already smell the realtors and potential buyers at the door.
See, the big problem is that the one place that met all of our requirements needs to be built. And won't be built until the end of November/early December.
If this place sells in the mean time, where will we live for 1-4 months?? And how much fun will it be to lug a baby grand, king sized bed, massive dining table and treadmill around for two moves in 1-4 months?
I don't think I have been more depressed or frustrated in my entire life.
Seriously, how hard is it to buy a house??????
It seems so easy. In theory.