SLC Tortfeasor
Recycles dryer sheets
- Joined
- Jun 17, 2005
- Messages
- 233
So I haven't posted here in about 2 years. During that time I've gotten married, had a kid, sold a house, bought another house, and in the process completely given up on my ER dream.
The main culprit was the house. Our old house was fun, funky, hip, urban, and generally cool. And very affordable. But it wasn't a satisfactory for our new family for a bunch of reasons (neighborhood, layout, etc.). So we bought a new house with the intention of getting into the best school district, having a big yard for the kid to play in, never having to remodel again, etc. All of that costs a lot of money, so we got the biggest mortgage we possibly could (at least we put down 20%) and bought a ridiculously big, luxurious house on one of the city's most prestigious streets.
So even though I knew better, we are now the classic high-income-yet-cash-strapped young family. Our hope is that our incomes will rise over the years and that we'll "grow into" our new house.
There are lots of stories of young dreamers well on their way to ER success, unfortunately this isn't one of them. But at least we've got an awesome house!!
Just thought I'd share. Good luck to everyone else.
The main culprit was the house. Our old house was fun, funky, hip, urban, and generally cool. And very affordable. But it wasn't a satisfactory for our new family for a bunch of reasons (neighborhood, layout, etc.). So we bought a new house with the intention of getting into the best school district, having a big yard for the kid to play in, never having to remodel again, etc. All of that costs a lot of money, so we got the biggest mortgage we possibly could (at least we put down 20%) and bought a ridiculously big, luxurious house on one of the city's most prestigious streets.
So even though I knew better, we are now the classic high-income-yet-cash-strapped young family. Our hope is that our incomes will rise over the years and that we'll "grow into" our new house.
There are lots of stories of young dreamers well on their way to ER success, unfortunately this isn't one of them. But at least we've got an awesome house!!
Just thought I'd share. Good luck to everyone else.