Okay, so it’s a week later, but I’m missing the part where hammer “loves” this place. Clearly, he wants to buy it, but once in a lifetime (or even 5-year) opportunity?
His words: The home is old but liveable. New paint and windows, but the layout is tired. Poor closets, Jack and Jill bedrooms etc. Seen one, seen them all.
I really do get the “there is more to home ownership than simple economics” point, but folks are going on in this thread like he described his dream home, so why not buy it.
I’ll tell you why. It’s because he’d be “settling” to the tune of $1.1 million, otherwise…
hammer– If you still want to buy it (or have), and you’re comfortable with that, then I’d say you are indeed doing the right thing.