DangerMouse
Thinks s/he gets paid by the post
Wondering how people maintain the balance between their needs vs wants.
For example, like Laurence last week, this weekend were nearly dazzled by the beauty of a house. We were close to making an offer on a beautifully renovated 4 bed/2 ba house in one of our desired locations for retirement in Australia. However, what pulled us back from the brink was realising how it would impact our retirement plans. We were quickly blabbing about doing one more year, or changing to working x amounts of months to subsidise the mortgage. We did come to our senses and withdrew from the process. However, when we start looking at lesser houses we feel so depressed. The depression comes from the ugliness of what we are seeing at the cheaper prices combined with we have how much and that is all we can fford? The crazy part is this was not our dream house and we know that we could buy something that needed renovating and get it exactly how we want it.
Our financial calculations all show that we are better off financially if we rent rather than buy, but emotionally that part of me wants a house where we can put all our "stuff" we have accumulated over the years. One can argue to get rid of the "stuff" but some of it we are rather fond of. We know that when we die no-one will be fighting over these things that seem so important to us, all they will care about is the money.
For example, like Laurence last week, this weekend were nearly dazzled by the beauty of a house. We were close to making an offer on a beautifully renovated 4 bed/2 ba house in one of our desired locations for retirement in Australia. However, what pulled us back from the brink was realising how it would impact our retirement plans. We were quickly blabbing about doing one more year, or changing to working x amounts of months to subsidise the mortgage. We did come to our senses and withdrew from the process. However, when we start looking at lesser houses we feel so depressed. The depression comes from the ugliness of what we are seeing at the cheaper prices combined with we have how much and that is all we can fford? The crazy part is this was not our dream house and we know that we could buy something that needed renovating and get it exactly how we want it.
Our financial calculations all show that we are better off financially if we rent rather than buy, but emotionally that part of me wants a house where we can put all our "stuff" we have accumulated over the years. One can argue to get rid of the "stuff" but some of it we are rather fond of. We know that when we die no-one will be fighting over these things that seem so important to us, all they will care about is the money.