Masayako congrats. Our stats were a little different, but is sounds like we bagged comparable homes. I will brag (if you can call paying the points required to pull it off bragging.)that we have an interest rate of 4.25 %, and paid dearly for it. But, regardless of what we paid to get that rate just a short time ago, to get the same rate today, would cost another $2k in points since the rates have ratched up in the last couple of weeks since we locked. But, it was an REO, and needs work up front before we move in, and ongoing TLC thereafter. We went over there last night
with Pizza, used a laptop as a campfire to eat by as the utilites had been turned off at noon, and spent a few hours in our new place. Our 18 year old son hadn’t seen it yet, so it was his first time checking it out. He digs it!
CAR – for me, I had a house up in LA, bought it in 92, and left it in 98 (owing slightly more that it was worth due to deflation). So, we’ve been sitting on the sidelines, trying to pick up valuable insights to allow us to make a good decision. Since leaving the other property, its been about 13 years (not difficult to do the math, I know). Hard to believe the waiting is over. Without sites like Piggington, calc risk, and all the RE sites, etc, I dare say, we would probably be in a more expensive home which would be more of a financial burden than it should.
JP – thanks. We have a ways to go before we are there. We have to paint, re-carpet, etc. And, oh, by the way, my wife’s scheduled to deliver on Feb 28th. (no pressure or anyting….)
As this point, I SHOULD stop looking at the RE market, and count my blessings. But, with the potential in to some, certainty, for more RE deflation, there’s ample opportunity for second guessing myself. Maybe we need some capable webmaster to create a blog for emotional and pschological support for recovering home buyers….
Or, home moaners…
