With the market in the shitter, interest rates at an all time low, and the government giving first time buyer rebates, what better time to buy a house, right? Right. This is why a few months ago I set out on my journey to find myself a home.
Not as easy as anticipated...
See, I'm not ready to leave the city. And, without a second income, I have a limited pre-approval amount. So everything in the city within my price range is TEENY!! And while I understand that it's my first home so it won't be perfect, if I'm going to get myself into a ton of debt, I had better LOVE this place.
So now it's September and I've looked at a good handful of places and have come to these conclusions (after many discussions with my mom and roommate):
- Once again, I need to LOVE the place if I'm going to take out such a major loan.
- 500 square feet is not worth $400k
- If I want more for my money I need to move out of the city
- Buying property in SF would put me in a very financially limited situation - resulting in a drastic decrease in my social life
- I'm constantly on the hunt for something new in my life so making a purchase like this would severely restrict my options and lock me down to the city. And while I LOVE San Francisco - there are so many amazing places out there I have yet to go.
- I am in love with a boy who lives in Wales and who can't move here anytime soon (it's complicated), so if this is going to work - I might be leaving SF relatively soon.
Ultimately, all these factors have influenced me to put my house search on hold indefinitely.
London - here I come!