What a weekend. Thanks so very much to the many people who left me comments on my blog and facebook.
When all was said and done, yesterday I decided not to proceed on buying the gorgeous place. The three main reasons were:
- The rush factor. As many commenters pointed out, and I agree, rushing into a financial decision of this size is simply not a good idea. It probably was a fantastic opportunity, and a very fair deal. But the point is, I don’t know that. When I bought in Vancouver, I had all my ducks in a row (oops! except naive about legal fees – ouch!), I knew the market, and had looked at easily 20 places. When I bought “the one” it was a well-informed, grounded choice. I may regret not having jumped at this place, but I’d rather consistently make my financial choices as an fully informed woman.
- The bank said I would get the mortgage, but only just. It would nearly max me out on my ratios. This would preclude any other opportunities for the foreseeable future. That’s too tight for my comfort.
- The last reason is extremely simple: I realized it was a bit more space than I need, and would require a lot more furniture purchases. I’m used to living fairly simply (although elegantly!) and I don’t have a lot of Stuff. I want to keep my life that way. I would have had 3 unfurnished rooms in this place, and then knowing me I wouldn’t resist furnishing and then I’d need to go find myself a financial coach!
So thanks again, so much, for all your thoughts, support and well-wishes.
And that’s the end of this story!
Have a great week,