1. Homeownership

    brian on 2005.07.29
    at 11:27 am

    Yesterday Amanda and I signed approximately 3702 pieces of paper and we are now officially homeowners in the city of Medford, Massachusetts. For those of you unfamiliar with the area, Medford is a northern suburb in the Boston Metro area. If you’ve ever heard of Tufts University, we’re about two blocks from that.

    It’s exciting and scary. Homes are so expensive (and we only bought a condo) around here that there’s naturally some trepidation in regards to the financial burden you’ve just put yourself under. I mean, wow, if we’re not firing on all cylinders, how will we pay the mortgage? They wouldn’t have OKed me for this loan if I couldn’t pay for it, right? And like many people in this housing market, we’re afraid we paid too much. I heard an interview on the radio the other day with an area real estate rep and she stated the Boston market still could not supply enough first time home owners with housing within their price range… in other words the market isn’t going down anytime soon. Other people say the bubble will burst. Based on our experience buying, I’d have to agree with the former… but then again, to part with the money we just did… wouldn’t we have to buy into that?

    Read on for much more on our first time home buying experience thus far

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    Posted in: Recent Events


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