It took a whoppin’ 72 hours for the inevitable to happen. Someone finally asked me when I was going to buy a house. As though it were almost expected of me now that I’ve moved to Washington. Who knows? Maybe Girl Ninja and I should pop out 2.3 kids, buy a dog, name him Spike, trade in my Scion for a minivan, and start coaching little league too? Go big or go home right?
I should have known better. I mean, we do get asked at least every other day when are we gonna have kids. Why would home ownership be any different? Just so there is no confusion, and so I can direct each of those persons to this blog post, I’ve decided to list off the things that would need to occur before Girl Ninja and I seriously considered buying a house…
1. We need to save more. Sadly, $30,000 for a down payment wont go far in the greater Seattle area. We need to have at least twice, if not three times, this before we can comfortably put down 20% and maintain our emergency fund.
2. We have to hate being renters. Why give up a good thing? We loved our last place. We never would have bought it (a one bedroom condo), but it was the perfect rental. Sure renting is “throwing your money away”, but it also allows you to live in some pretty cool places for short, mid, and long terms. The flexibility of renting is something Girl Ninja and I aren’t ready to give up.
3. We have to settle down in Seattle. I haven’t lived here in eight years, Girl Ninja in six. While we plan to live here for the next 20+ years, we know that plans change. Maybe we realize we just can’t handle 9 months of rain and although Cali was freakin’ expensive, the sun made it worth it. Until we’ve adjusted and settled in to our Seattle life, home ownership will be the last thing on our mind.
4. We need something too good to pass up. I don’t want to buy a house just because Girl Ninja and I have completed steps one through three. Instead, I’d rather sit and wait for a deal I can’t refuse. We could look for a few days or it could take years. Buying our first place is something I’m not willing to rush.
I use to covet home ownership. It was my number one priority post college graduation. But as time goes on, I’m realizing that NOT owning a home ain’t half bad.
Current Homeowners: How did you know your house was The One? What would you wish you knew before you bought your place that you know now? Anyone, besides J Money, wish they didn’t buy?
Non-Homeowners: Why haven’t you bought? I gave you my four prerequisites for a purchase, what are yours?