On the housing front, we may make an offer today -- we're not sure. Kev and I have talked so many hours about this decision, considering every possible ramification, every pro and con, that it makes it actually harder to think about it, for me, anyway. You know the Myers-Briggs test, the P/J category? (This won't mean anything to those of you who aren't familiar with the test, I'm afraid, but for those who are...) Kevin is way P, all the way at the end. I am way J, all the way at the opposite end. This house-buying situation is an extreme example of the kind of thing that drives us both nuts when we try to deal with each other, because our tendencies in how we make these kinds of decisions are totally opposite. I consider a sufficient number of elements and decide; it makes me deeply uneasy to have an open decision waiting for any length of time. Kevin considers everything, and I mean everything, over and over and over again; it makes him deeply uneasy to feel as if he's rushed a decision. Oof.
But if you think this is bad, you can imagine how stressful it was when we were deciding whether or not I should move out here from Utah, after our year of being broken-up. Much much much worse on the stress levels.
We're also trying to figure out what happens if we don't buy this house. It seems clear now (in retrospect) that Kev would be much happier if we sold this place first, and then started looking for a place to buy; part of what's making him reluctant is the fear that this place won't sell for a year or more, and we'll end up paying double rent. Of course, I'd find it stressful to sell this place, not immediately find another we love, and end up renting ourselves for months and months on end, while frantically looking for a place we love, constantly feeling like we should just settle for something and be done with it.
The other option is to just wait. To close down this whole housing search for the moment, be content where we are, and try again in a year or two, when there's a good chance that our finances will be significantly better, making it much easier to buy a place we fall in love with without stress. We could even redo the kitchen and bathrooms while waiting, making this place worth more and easier to sell. I don't know what to do. Neither does Kevin. It bewilders us.
Just a thought…the real estate boom seems to be slowing down a little, and the probability that it may take a while to sell your current place is not negligible. If this results in a lowering of prices, it might also be beneficial to wait until after you sell before you buy.
Rent for another year. You won’t be sorry.
Real estate, I’m not sure which option you mean. Sell our place, rent somewhere else, then buy? Or just living in our place for another year?