i saw this thread. no i’m not stressed. I looked at prescott but didn’t care for the location. but that’s just ME.
newguy – great deal. congrats! we will be neighbors. 🙂 you got a great price for a HUGE house.
as to those of you who have any interst in my situation – my wife and I bought our rental. $350k for 1866 sq ft. one story. 3BD/2BA.
no need to post the “you’ll be sorry” posts – I already know what many of you will say. 🙂 My wife and talked about the decision to buy or continue renting EXTENSIVELY. In the end – there were numerous factors at play – some personal, some financial. In the end – after weighing *everything* – we feel we made a well informed decision. There was more motivating us than purely price/sq ft and real estate market considerations.
We bought the house to live in – to raise our kids in – to be in a good area. We had specific wants – such as being in Harveston, in a *one story*, in a certain location, with a private yard – and this house met all those needs (which is hard to find in Harveston).
i ran all the numbers of renting vs buying. and candidly – i’m going to be paying about the same to buy this house compared to renting something similar. So we could have rented another year and maybe bought more house for the same amount of money (or less money) – but we like this house.
i sincerely appreciate all the advice i received here. Just because I went against what many of you recommended – please don’t think I didn’t appreciate your time and input. I did listen to you all. I wouldn’t have spent the amount of time here I did had I not cared about what you all thought. So while many of you will post here and bash me – thank you in advance to those of you who gave me your opinions and thoughts.
we are prepared for the very real and very likely scenario of the house being worth less than we paid for it. we are prepared for that – believe me – we talked about it.
we are in this house for the long haul. 10 years at least. We like the house, we are comfortable with our payments, we are paying about what we would pay to rent, and we don’t plan to move for a long time. IN the end, I think we will be ok, and more importantly, we are happy with our decision.
