February 5, 2008

It's a Beautiful Day in the Neighborhood

With the state of the economy as it is, with the anticipation of living in a city I really like with the man I really love, with my finances not being wacko anymore, I am a house hunting crazy lady, not to be confused with my typical crazy cat lady self. More crazy, less fur.

I have watched HGTV for hours straight. All the house hunting, designing to sell, property virgin hoopla. I am in love. I want to buy property. I want a house. I want out of apartments.

And with the economy in turmoil, with foreclosures on the rise, I have been optimistic. Someone else's tragedy will be my fortune. I will be able to get a house, reasonably priced, and plant a garden and drink coffee on my back porch while reading a book. Mmmmm....I am getting excited thinking about it.

But then, I have to go and watch this.

And read this.

Sure, I can scold the culture that has created a negative savings rate and the idea of living off credit. However, this scared me.

Those that claimed to have been doing the right thing, had the savings in place, didn't overextend themselves. They are still in trouble.

Goes to show you...you can never be too prepared, have too much saved up, have too much insurance.

I am still searching for that wrap-around porch though, dammit. I will just have to buy it with cash.

(Links courtesy of Boston Gal.)


Jagular said...

I wouldn't worry too much if I were you. Houston has a great housing market. It doesn't explode upwards, so you know that the price will be sustained.
My house price actually went up during this whole mortgage crisis thing that the rest of the country has gone through.

Sauntering Soul said...

I'm with you Fianna. While Hot Brazilian and I are definitely making plans for a future together, I've learned that nothing is permanent. I'm terrified to buy a house right now on my own as a single person even though I could probably get a great deal on one.

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