I've never had an issue with coveting. Sure, I've appreciated "things" before, but I've never yearned for them or ached for them to the point of feeling physical hurt or jealousy. But, ever since our condo in Utah sold, Dan and I have been looking at homes here in San Diego. I won't lie, it's pretty disheartening. With the housing market tumbled about as it currently is, we can't get a decent enough loan to bring our monthly payments on an acceptable home (translate: not a fixer-upper) into the "affordable" range. Housing prices are supposedly phenomenal right now, but phenomenal still means $460,000 for a three bedroom that needs a lot of TLC. Stretching it, we could possibly afford the $460k, but who on earth would have the extra money needed for the TLC?! So, what do we do? We search in a higher price range, but then, with the addition of property taxes, etc., we can't actually afford what we're looking at.
What it all boils down to is saving more money for a down payment. We thought what we had available would be adequate, but it seems we were wrong.
The worst part about all of this is how it's making me feel. I don't want to be that entitled American who sees what they want and thinks they deserve it no matter if they can afford it or not. I don't want to live paycheck to paycheck and maxed-out credit card to maxed-out credit card. There is no feeling of security and peace having that kind of irresponsible debt. I'm not a brat or a snob. I can live in something less glamorous. I can make do with something smaller. I don't have to "keep up with the Jones's." But I also know that we can't afford to buy a house in awfully poor condition at $460k and then have to come up with more money for renovation. So then I think, we just need to keep saving our money and wait longer. But that's risky because apparently, along with the rest of the country, San Diego home prices are at an all-time low. So if we wait, and save, are the home prices going to be rising right along with our savings, always keeping our ideal way out of reach?
This all makes me so frustrated I just want to scream and shout and cry. But mostly cry. We know we want to live in San Diego. We know we want to live here forever. It's our dream come true to be here now. We LOVE our ward. We LOVE our friends. We LOVE our life here.
So what, pray tell, are we to do? Rent forever?