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Home Purchased!

Sunday, June 3rd, 2024 - 9:27pm

The power was off during the final walkthrough thanks to a mixup at the power company, and the wire transfer didn't come through until midway through the closing...

But we closed the deal! I'm now a homeowner!

There are many things that I need to do to the house before I move in, but I've already showed it off to friends and family, rekeyed the doors, set up a dehumidifier in the basement, and ordered a clothes washer and clothes dryer. At this rate, it won't take long!

Buying a House

Sunday, June 2nd, 2024 - 1:01pm

Tomorrow, June 3rd, 2024, I will buy a house.

For years, I avoided this trap of interest payments and opportunity cost. I used the relative freedom of renting to change jobs, increase my salary, see new places, and try new things.

But every time I carried all my belongings up and down stairs, built a new social circle from scratch, and learned a new job, it got a little bit harder. I noticed all the things that you can't do well while living in an apartment. Work on cars. Weld. Garden. Barbeque. Host guests.

So I started to forgo opportunities to save for a down payment. Big opportunities like learning to fly, getting a Master's or Doctorate, or visiting Tokyo.

As the downpayment grew, so did the temptations. Instead of a house, I could buy a new car. An amazing vacation. Start a business.

I actually succumbed to that last temptation, and wasted a lot of money on it.

But today, I have 23.08% down for a house near work, with a garage, a fenced in back yard, room for guests, and a good Internet connection. It's not more house than I can handle financially or physically.

I'll be buying it on a 15 year mortgage. With a little discipline, I should be able to pay it off in 11 years. With a lot, a few as six. A challenge whose reward is the freedom of no mortgage or rent payments.

I'm ready.

Overwrought

Saturday, June 1st, 2024 - 10:22pm

The first post. Should be great, right?

Problem is, if you work too hard on making it perfect, you might not make anything at all.

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