I spent almost 8 years renting a place after a costly and messy divorce. Because I wanted a dog again, I bought a house. It has had its good moments. But, it has also been costly, time consuming and sometimes irritating compared to renting an apartment.
My thought was to withhold judgment until I got my first year of taxes done as a boomerang “home owner”. Prior to renting a place, I had owned two houses previously but under very different personal circumstances for a few decades. I just got the results of my tax return (done by a CPA) and guess what? I’m getting the princely sum of $1,163 back from the Feds and the State combined. In my old apartment days, I generally paid additional taxes beyond withholding that ranged anywhere from $700 to $900 in any given year. So, that puts me generally $2,000 to the good. As of this moment, I don’t feel as though it has been worth it from a strictly financial point of view. I’m rather disappointed.
It's all about the inflation. Have patience and faith. Zimbabwe Ben will bring you a Christmas present some year.
ReplyDeleteIf I had a boat, I'd go out on the ocean
ReplyDeleteAnd if I had a pony, I'd ride him on my boat
- Lyle Lovett
I hate being someone's debt bitch again. I think that's what is the most unpleasant thing about it.
ReplyDeleteYeah me too.
ReplyDeleteYou know the trick about paying double your scheduled principal each month to cut the life of your mortgage in half?
Paying a little extra each month in the early part of a mortgage makes a huge difference on the back end. Plus it helps shrink aggregate debt so it's your little part to fight the Fed-Wall Street-US government debt Ponzi.
I got the 1-year buyer's remorse, too.
ReplyDelete