Gas prices are killing me, my home equity has taken an Olympian level nose dive, and unnecessary and unplanned expenses (NSF fees, traffic ticket, home/car repairs, holidays, birthdays, school fees) are kicking my ass left and right.
I have a lot to be thankful for, as hard as these hardships seem, I can only be thankful that I've been given the chance to be where I'm at. Had I not bought this home when I did, I feel that by the time I was "ready" and approved to buy, the market would be hot again and i'd be paying another couple 100K for the same type of home. My reasoning? I live in Los Angeles (not in the outskirts, not Downton, but close enough to all the exciting stuff) and we are nowhere near the housing price levels of San Francisco or NYC. Everywhere I go, there is developement and something "new and exciting" being planned. I can logically imagine when the housing market hits an upswing momentum it will rise above it's previous peak.
This dip in the housing market has been undeniably disheartening for new home owners like myself. But I can't help but think that this is exactly where I should be...with no disposable income, no more eating my heart out at favorite restaurants, no new clothes or things, no new car! 
Homeownership for Young People: It's Not for the Faint Hearted!
P.S. I would just like to add that giving up my morning coffee runs from Starbucks or McD's have been a total EFFIN BUMMER!!!
What me worry??
May 29th, 2008 at 08:13 am
May 30th, 2008 at 01:24 am 1212110695
May I make a minor suggestion?
My sister also gave up her morning coffee (Tim Horton's) due to the fact that about a year ago, her office which was 2 - 3 miles from her home, moved to an area about 15 miles from her home. Yikes!
She thought her days of coffees were o v e r . . . . . however, she discovered that one of the local gas station's mini-marts offered a larger coffee (than she was getting at TH) for only $.99!
Now, I don't think she is getting one every day, but even at once or twice a week . . . she is getting her "fix" and spending alot less money.
Just a thought.
August 20th, 2008 at 02:56 am 1219200997