Abode Hunt!

[darkemeralds]

Naturally, the first condo I saw a listing for was perfect, unsurpassable, ideal for my needs, and already sold.

Now all other listings that pop up seem less-than. It's a weird state of mind. I know I'm getting in my own way, and that I projected perfection onto that first one because it would have meant accomplishing a major project with minimal effort.

The project, it turns out, is to eliminate my mortgage. The only reason this is conceivable is that my crappy little house has been transported, through the magic of gentrification and urban growth, from an iffy neighborhood with gunfire to a hipster neighborhood with bike boulevards, and is worth a surprising amount of money. Meanwhile, condo prices have been pretty depressed.

Suddenly I seem to be in the enviable position of being able to sell my house, pay off my existing mortgage, and buy an apartment with the leftover cash. If I can do that, I can live off my retirement income and still pay for health insurance. Who would have thought, when I moved into the hovel on Failing Street (yes, really), that it would turn out to be an accidentally brilliant play?

So now the trick, according to my sister the realtor, is to be ready to jump the minute the next perfect condo comes on the market. Moving! Gah! Business. Money. Finance. Change. It's all a bit terrifying.

Gotta go call my sister's mortgage broker. Eep.

Comments

[macaron62]

good luck! It all takes a lot of bravery, nerves of steel and a touch of magic!

[darkemeralds]

Thank you! I hope it won't be TOO nerve-wracking. It's been years since I moved. I'm kind of looking forward to it, all in all.

[amaliedageek]

Breathe, hon. You are in an enviable position; the trick now is not to get in your own way.

[darkemeralds]

Yup.

There are, however, certain actions I'll have to take that I just can't hire out. Like talking to the mortgage broker. Which I did. Now I have to fill out papers.

Not exactly moving mountains, granted, but against the grain.

[ranunculus]

Serious as all this is, it has really helped me to think of the increase in property prices as "funny-money". Somehow that helped me to accept that we -could- afford a house in thw neighborhood we wanted.
Go for it!!

[darkemeralds]

It absolutely is funny-money. If you think much about it at all, there's just a series of nothings--documents, signatures, and then you go move into the new house and someone moves into your old one...magic.

The economy is weird, isn't it?

[ranunculus]

Wierd is a mild word...
OTOH it -is- worth moving to the RIGHT place.

[darkemeralds]

Yep. The trick is defining "right". I mean, there's ideal, and then there's what I can afford where I can afford it. Lots of compromise is inherent in the deal from the get-go.

[ranunculus]

We never imagined that we could live where we do now. Be patient the right thing will come along.

[darkemeralds]

I'll hold that thought! Thank you. It's encouraging.

[ranunculus]

We looked, and looked and looked and NOTHING was quite right and thwn we walkex into Henry St....

[tehomet]

What is a condo? *searches* Okay, now I know.

It's all a bit terrifying.

But fun! (I hope.)

[darkemeralds]

It's so instructive, having someone go back and comment on older posts. This project, in common with the related one of selling everything I own, fell through. I'm not sure what mischief I'll get up to next.