To Buy or Not To Buy
Saturday we made a quick one-day turnaround trip up to Oklahoma City to look for a house to rent. We’d decided to rent so we could take time to make sure that we like the city, Jim likes his job, and we have time to find a neighborhood that is convenient for work and activities. We also thought we’d stop giving our money to Lowe’s so much. What we didn’t know was that the OKC house rental situation is awful.
- $725 would get you a 3 bedroom with 1 bathroom that stunk of cat pee
- $800 would get you a place that had great space, but was last updated in 1970, carpets and appliances included
- $850 would get you a house that needs a new pier in the foundation, and is cracked from floor to ceiling in the living room, plus the hot water constantly runs in the bathtub
Now you Californians and New Yorkers might think that these prices are great, but they are not down here! You can pay a mortgage on a good house here with those sorts of monthly payments. So, we crunched some numbers, and it looks like we’re better off buying again.
So, we’re buying again.
Lowe’s rejoices.
