jic: Daniel Jackson (SG1) firing weapon, caption "skill to do comes of doing" (Default)
Why is homeownership important to me?
Because it is a sound investment.  Because I no longer have to consider the landlord when making upgrade decisions. Because this home has space for the things I want to do, like have my friends live with me and throw parties.  Because homeownership is (to my subconscious, at least) an indicator of adulthood and security.

How do external factors like family, friends, and social pressures impact my decision to buy?
No one is pressuring me to buy.  Social pressure, yeah, but my urge to rebel is outweighed by the SWEET deal I'm getting here (seriously - $150k in equity a year rafter close? sign me up)

Can I afford it, and is my job secure enough to make the purchase at this time?
Yes. It was a little iffy for a hot minute, but I'm paying off a bunch of debts this month, and that will improve the picture quite a bit.

Will current economic conditions impact my ability to maintain mortgage payments?
Only inasmuch as they do everyone.  My employer is stable.  I just got an Exceeds on my quarterly review.  Boo-yeah.

What benefits will homeownership provide that I cannot achieve from renting?
  - personal satisfaction, stable costs, investment, tax benefits, autonomy, agency
Drawbacks - increased cost in the first few years. Have to pay water/sewer.  Less mobility.  Possibility of foreclosure. Maintenance.


Am I going to stay in this home for 5 years?
Yes.
Tags: None


Comment Form

From:
Anonymous( )Anonymous This account has disabled anonymous posting.
OpenID( )OpenID You can comment on this post while signed in with an account from many other sites, once you have confirmed your email address. Sign in using OpenID.
User
Account name:
Password:
If you don't have an account you can create one now.
Subject:
HTML doesn't work in the subject.

Message:

If you are unable to use this captcha for any reason, please contact us by email at support@dreamwidth.org


 
Notice: This account is set to log the IP addresses of people who comment anonymously.
Links will be displayed as unclickable URLs to help prevent spam.