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Author: ChocoKitty Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5806  
Subject: Found the perfect home, torn Date: 8/7/2002 8:48 AM
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Well, after months of looking around for a new home, I found it. The perfect home for me. And, as usual, I'm hesitating.

Here are the pros and cons:

Pros:
- I *love* this place. It's new construction, and I saw it without the drywall up. Just studs. It still feels...right. And because it's new construction, I can have more control over how it's built at the start.
- Location is perfect, for me and for resale purposes (e.g., it's on the border of a sky-high tax town with fabulous schools -- the school district is in the high tax town, but the taxes I would pay are the lower taxes of the town that the home is actually in)
- The layout is exactly what I've been looking for (open plan)
- I'm so picky that I doubt I'll find a place like this again.
- 1.5 miles from work, and it's a lovely walk. Right now I have to drive 30 minutes each way.
- I like my current job a lot, so I feel less desperate to RE (I can see myself cutting back to 3-4 days a week and still enjoying it).

Cons:
- It's more expensive than my current place (about 1.5X my salary instead of 1X my salary. Yeah, I know, I'm more of a tightwad than most).
- I'm afraid it will mess up my FIRE plans (I'll more likely be saving 20-25% of my gross instead of 35-40%+ of my gross if I buy this place)
- I don't feel like I deserve it (issues there....)

Other background: I have virtually NO furniture (I never liked my current place, so I haven't even bothered to buy a couch) and no debt except for the mortgage. But I've gotten to the point where I'm a bit tired of waiting for later to live. I once loved home design and architecture and fashion and all those things that many people consider "shallow". And now I'm wondering whether I got a bit too zealous in my savings as I tried to be "LBYM-er than thou" (*grin*) and tell myself that where I live doesn't matter to me when in reality, it DOES. No, I'm not trying to impress anyone (I rarely entertain, so this home would be purely for me).

Yes, I'm sure you can tell the answer I want. But I wonder if anyone can offer more insights into what I should think about before deciding to buy this home or not. Thanks.

CK
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