I’m considering letting go of my jisk.ca domain. I renew it every February for about $11, which is not too much of a hassle, but what do I really need it for? This blog will still be hosted by WordPress, just without the domain re-direct. Hmmmm.
Maybe I should get on Instagram! It’s more visual and less wordy, I think. Sharing pictures tends to be more striking than what I’m writing here anyway.
Gosh I feel old.
But I also love feeling old!
Because I don’t actually feel old. Physically, I mean. I eat better and am more active now than I was in my 20’s. My life in general, is more balanced and healthy too, despite having more responsibility on my plate.
Martin and I are searching for a house or an apartment to buy. We’re leaning more towards an apartment, because we want to live quite city-central, and are torn (at least I am torn) between buying in an under appreciated, economically depressed steel city, versus buying in the wealthiest city in this region.
Probably it seems very obvious, like duh, go with the rich city. But there are pros and cons to both.
Obviously, cost of living is a big factor. If we lived in the rich city, all of our costs would go up significantly. The real estate market in the rich city is tougher and the costs are double, if not triple the price of the poor city. The rich city is closer to my work, but farther from Martin’s, and Martin is the one driving to work (gas is $$$ here). The poor city’s infrastructure is excellent though, and is literally 20 minutes away from the rich city.
So that’s really the difference for me: 20 minutes.
Could I put up with an extra 20 minutes of commuting each way, living in a poor city, but only having a much lower mortgage? Like a 5-10 year loan versus a 25-30 year loan. Hmmm.
This 5-10 year loan thing is very enticing for me. But the market in the poor city is not very elastic, so it’s likely the price of the apartment won’t at all rise, not even to match the rate of inflation. Which basically means it’s losing money, which maybe doesn’t matter since we are living in it and also saving bank while doing so.
Real estate in the rich city is expected to rise. But the spread of renting versus buying in the rich city is far too great. Like nothing meets the 1% rule. Which makes me think it’s a bit of a rip-off.
Maybe the answer is really just to rent. I’m also a big fan of renting! I love the flexibility of picking up and moving whenever we want or if our circumstances change.
We don’t have the answer yet but currently we are house hunting and that’s kind of fun. :)