Friday, December 28, 2007

i don't wanna be a grown up

we are just waiting on 1 piece from a bank and then we'll know if we have the house or not. i mean, like we would attempt to close today. this afternoon. *dies*

this house buying stuff is really scary. i mean, the amount of money we are going to be paying for a mortgage is freaking terrifying. i guess it wouldn't be so bad if we didn't have the additional FIVE HUNDRED dollars A MONTH for property taxes. seriously. isn't that ridiculous? sometimes i just hate everyone. lol

i asked boyfriend last night if it was really worth it to buy a place. because part of me would love to just rent forever. we'd have money to do things with... money to travel.. money to buy ridiculous and uneccesary toys. but not anymore. now we'll be lucky if we have money for groceries. totally kidding. i would never allow us to get into something over our heads. *knocks on wood* it's just that from the outside looking in to what we're trying to do, it is really overwhelming. and expensive.

and you realize that the banks and those bank people don't help, right? after going through this experience, i totally understand how people got into so much financial trouble. the banks encourage it. they totally push you on your way into over your head land. they tell you that you can afford things you absolutely cannot. they encourage you to get into loans that are interest only and when you stop to question them, they tell you "well you'll be making lots more money when the loan is coming to an end, so you'll be fine when you refinance..." as if they're the ones making the payment if you're not fine. and sure, you might be making more money by then, but you'll also have a life. and life happens. new cars happen. kids happen. bills happen. i just hate how they unrealistically paint this view of your life for you.... and i think it's wrong. and i'm just thankful i was stubborn and have come out of this paying almost what i said we could afford from the get go (almost, cause we're a little over, but it's a 30 year fixed, so i'm ok with it)...

anyway, my rant is over. if all goes as planned, boyfriend and i will be scraping popcorn off of the ceilings this evening.. and attempting to find paint colors i can live with. i was so excited to paint, and now i'm just overwhelmed at actually having to choose colors! any help would be great. no white walls, thanks.

this grown up stuff is scary.

12 comments:

Becky said...

youre so true about banks NOT helping. if they would have realistically shown us how things would be in a few years with the note we pay every month i would have never signed. but you live, you learn.

CAT said...

I never want to buy a house.

Jill said...

Your supposed to feel that way, it part of the deal. You and Becky are right, banks NEVER give you the whole deal or you would not ever sign. They know that going in. Sepends on how good of talkers they are but if you stick to your guns and know how to say NO or explain this in a way I understand it and make them slow down and glaze over it you will be fine.

Husband hates to take me into a paint store. I mumble things like "So many colors so little time!"

That is why we have blue horses.........lol! Two blue and one paint so who has to be different.....ummm that would be me!

Badness Jones said...

I'm glad we bought a house, even if after 3 years we only own half of it, and it'll take us another 12years to pay the bank off for the second half. You're totally right, the bank was willing to give us twice as much as we took, and we'dve been up a creek without a paddle as soon as we needed money for any of the unplanned things that happen with home ownership....the furnace dying, the plumber forgets to glue the drain for the washing machine and it leaks through the living room ceiling....you've gotta have a cushion.

But really, it is great. Fingers crossed!!

Karen said...

You seemed to move to closing really quickly. Good Luck with everything. Painting and decorating is super fun.

Elizabeth said...

Don't even get me started on the evils of mortgages and refinances! Congrats on the house and please show us some pictures!

Grim Reality Girl said...

I love that we own our house. I hate that my home equity has been eaten up by a loan that sustains us during the construction lull (okay, who is kidding herself? sustained us, now we teeter on oblivion). I'm glad you were cautious. It is better to own. My taxes bit too. BUT it is worth it. You should build equity and a home is a good investment. Congrats!!!!!!

Meg said...

I love owning a home so much better than renting. I've experienced both and I love the freedom and the good feeling that come with home ownership. Sure, the morgage sucks, but it's better than renting forever.

I hope everything goes easily for you guys. And I can't wait to see what colors you choose. We've lived here over a year and we're still not finished remodeling!

Anonymous said...

It is much better to buy. The housing market is soaring and you don't want to get caught holding nothing while everyone else is CA$HING IN!!

Andie said...

hey, it could be worse. your property taxes could be crazy high AND your homeowner's insurance could have quadrupled like ours did.

In the long run, though, buying a house is a great investment. Later on, you can sell it, and make a considerable profit!

Starshine said...

Let us know if it all goes through!

Happy new year!

Daisy said...

I know what you mean. We were preapproved at a level that would've been over our heads for several years. Thankfully, we stuck to our own limits, and we're much safer financially. Good luck...home ownership is worth it. Repeat after me: Equity. Equity. Equity.