You don’t have a large mortgage on a potentially depreciating asset in a city in the desert that is highly sensitive to national econimic trends. You don’t a mortgage payment that may reset to an unaffordable rate at some point in the next couple years, or has a prepayment penalty, or is actually adding to your principal balance. You have time to hopefully get a good handle on what is happening in the market and strengthen your own financial situation. Sounds to me like you’re just fine.
Of course – none of that matters if wifey’s not on board! 🙂
Seriously though – sounds fine to me. And about the few bucks you lost on your last transaction – that sounds like a lot less expensive education than others are receiving from the current marlet. Cheers!
