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my big book of little catastrophes
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moving thoughts 
21st-Jun-2005 08:05 am
Lately I've been thinking about moving. I'm not ready to call a realtor right now, but I keep having these thoughts that it's time to move to a new place.

It's not like I'm hating where I live, but yes there are annoyances. My home has a lot going for it, so it would be hard to find a place that beats it. Most important is that is it quiet here - I can sleep without being woken by street noise. The space is nice and comfortable. The deck is sunny and private. 2 bedroom and 2 bathroom is a great setup. I've got parking. I've got guest parking. And the condos here are pretty friendly - I actually know most of my neighbors.

On the down side, we're going to be doing major construction work here most of next year, and I'm not looking forward to the noise and disruption of 8 months of that. Also, I've built up a lot of equity here, and I'm thinking about cashing out while the market is solid and move to rental for a year or two.

If all this speculation about the real estate bubble bursting has anything to it, it would be good to be in a rental while home prices are settling out. Then I can get back in later. There is risk to trying to predict and time the housing market. Interest rates is probably the biggest. If mortgage rates go up to say 8 or 9%, I won't be able to afford as much house. And if home prices continue to climb, I'll get left behind. Moving and buying a new place wouldn't be bad either. I have a lot of equity here and make enough that I can afford a decent place.

So why move? There are things I'd like in a home that I don't have here. Like a larger bathroom with a decent sized tub. Or an outdoor hottub even. A better layout - all these stairs can be a pain sometimes (lugging groceries up from garage = ugh), but mostly I don't like having both side walls be windowless. Sharing walls with neighbors is annoying too, especially when they are interfering with my WiFi. However, I don't know if I can afford to do better in the City, and I don't think I'm ready to move too far.

Ah well, just ruminations. I'm not feeling any urgency, but I keep thinking...
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