Comments on: Our house http://omegamom.com/2006/02/18/our-house/ A "good enough" mom muses about alpha moms, adoption, computers, the State Of The World, Internet quirkiness, and the Kosmik All Sat, 22 Nov 2008 08:49:12 +0000 http://wordpress.org/?v=2.6.1 By: Carol Anne http://omegamom.com/2006/02/18/our-house/#comment-267 Carol Anne Sat, 18 Feb 2006 20:22:00 +0000 http://omegamom.com/?p=119#comment-267 Housing is just as bad here in the Twin Cities. It's better in Minneapolis and St. Paul, but the 'burbs are outragious. The supposed value of my house has tripled over the purchase price in 1993. WTF? I think you're right -- this is going to implode. And the only ones standing will be those with lots of bucks, or very little mortgage (we're in the small mortgage group). I have no clue how Sarah and Rachel will ever be able to afford homes of their own. I've already told them that we all can just live together in one house -- their (small) bedrooms can be the private quarters for themselves, husbands and kids. I'm not kidding that much. But maybe I'll win the lottery in the next 1/2 hour. Hahahahahaha! Housing is just as bad here in the Twin Cities. It’s better in Minneapolis and St. Paul, but the ‘burbs are outragious. The supposed value of my house has tripled over the purchase price in 1993. WTF? I think you’re right — this is going to implode. And the only ones standing will be those with lots of bucks, or very little mortgage (we’re in the small mortgage group).
I have no clue how Sarah and Rachel will ever be able to afford homes of their own. I’ve already told them that we all can just live together in one house — their (small) bedrooms can be the private quarters for themselves, husbands and kids. I’m not kidding that much.
But maybe I’ll win the lottery in the next 1/2 hour. Hahahahahaha!

]]> By: Julie Pippert http://omegamom.com/2006/02/18/our-house/#comment-266 Julie Pippert Sat, 18 Feb 2006 17:51:00 +0000 http://omegamom.com/?p=119#comment-266 That worksheet is whacked. It claims I can afford a 1.9 million dollar home. Is it freaking kidding me? I can't afford a $200,000 home. I underplayed our income and overplayed our costs. Seriously, it seems to only consider expenses including insurance, tax, and debt. Well, like you, when we financed, the bank seemed overconfident in what we could afford. We didn't quite go down to what we *should* afford, but we did go down to somewhere in between. That worksheet is whacked. It claims I can afford a 1.9 million dollar home. Is it freaking kidding me? I can’t afford a $200,000 home. I underplayed our income and overplayed our costs. Seriously, it seems to only consider expenses including insurance, tax, and debt. Well, like you, when we financed, the bank seemed overconfident in what we could afford. We didn’t quite go down to what we *should* afford, but we did go down to somewhere in between.

]]> By: bh http://omegamom.com/2006/02/18/our-house/#comment-265 bh Sat, 18 Feb 2006 12:21:00 +0000 http://omegamom.com/?p=119#comment-265 You describe serious frictions. We used to live in Fast Growing West Coast City, but left to Dying Midwest Town, partly to afford to buy a house close to work. And I don't think that we were alone in that decision. Hiring out west was tough. Many people where I worked had tremendous commutes--you could tell when people were hired by their commute times. Strangely, you could rent really nice apartments in the city at reasonable prices. I think that city has the highest downtown residential concentration in North American. DMT is nowhere as vibrant as the other place, nor is it as beautiful, nor as full of outdoor activities. In FGWCC you could ski in the morning, sail in the afternoon, and eat dinner at an amazing restaurant in the evening. DMT, not so much, although it has its charms. You describe serious frictions.

We used to live in Fast Growing West Coast City, but left to Dying Midwest Town, partly to afford to buy a house close to work. And I don’t think that we were alone in that decision. Hiring out west was tough. Many people where I worked had tremendous commutes–you could tell when people were hired by their commute times.

Strangely, you could rent really nice apartments in the city at reasonable prices. I think that city has the highest downtown residential concentration in North American.

DMT is nowhere as vibrant as the other place, nor is it as beautiful, nor as full of outdoor activities. In FGWCC you could ski in the morning, sail in the afternoon, and eat dinner at an amazing restaurant in the evening. DMT, not so much, although it has its charms.

]]>