Thursday, June 11, 2009

Are you out of your mind?

When I opened my homepage this morning I saw this article: Got $2,500? Buy A House

Seriously? I can think of many better ways to use $2,500 than as a down payment. The whole article seems like a complete joke. I have been following Dave Ramsey's lifestyle change for around a year and a half and it has changed the way I look at my money. If we stay in this town and end up buying a house, we will pay cash for it.

I had to LoL at one of the lines from the article. "it's possible to buy a $150,000 starter home for about $1,000 a month, taxes and insurance included".

I see sooo many things wrong with that one line. Only $1,000 a month. $150,000 starter home. Ha! I am sure this is not the case everywhere but here, in the town I live in, $40,000 is closer to starter home prices. We only paid $20,000 for our 1st (and still current) home, but we went cheap and temporary, not awesome and forever.

Here, $150,000 would buy 5-6 bedrooms, 2-4 bathrooms, walk-in closets, 2 stories, a garage, a deck, and landscaping in one of the nice areas.

I love living in a small town.

How about "$1,000 a month, taxes and insurance included"? Ha at that one too. My house payments would have been $350 a month (had we not paid cash), tax for a year is around $150 and insurance on our home is $64 a year.

No wonder the economy is shitty! That is NOT an awesome deal to me. It isn't even a good deal.

Or is it?

Have low prices in my small town ruined me? I know that if we ever move to a place with a population over 10,000 I will be in complete culture shock. Are $150,000 2 bedroom shoe boxes actually normal?

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