Living in a Bubble
Can I live in an apartment? That was the question posed to me today.
Sure, I can live in an apartment. No problem!
I'm pretty sure I can stuff all our things into a 2 bedroom (with a den!) apartment. I know there's no basement, no upstairs and no backyard. But it so helps that the clubhouse has an exercise room with and attached play area where you can watch your kids through and big window whilst exercising. All the more reason to get off your ass, when you know the kids will be occupied. Also, a pool. And a little playground. And it's out in the boonies, so not a lot of traffic.
It is our plan to sell our wonderful house and live in an apartment for 1-2 years, the later part of which to build a house in. The extra money from the house sale will pay off our credit card debts and expenses for the apartment will be hundreds less than the house (with the added bonus of an attached 2-car garage).
I've already gotten berated by someone who thinks renting is throwing money away. Who, by the way, is renting. So whatever. But think: if the extra money from the equity we have and the higher price than what we paid will completely erase our debt, how is that not a good thing? We will also be able to save more money since we will not be spending so much on fixing up the house so it looks nice, because, let's face it, the house is pretty old (75 years) and things need to be fixed.
We will also be in a position to freely build a house and move into it without having to worry about a bridge loan or whether or not someone wants to buy our house at that time. We will have time to be choosy about where and what we build.
I also hear the school district is quite nice.
I will miss our house, but everything I love will be coming with me, so in time, I won't miss it anymore.