The Debate Continues...

I appreciate all the comments following my announcement in my last post. Thanks to those wishing us luck, we'll need it, and to the others that think it's a stupid decision, that's ok too. I lost some sleep last night thinking about it all.

I do continue to debate within myself whether this is the right decision for my family. At this point, I do believe it is. My frustration comes from fellow renters who brag about how cheaply they have been renting a house for the past 5, or 7, or 10 years! Yes, rent was much cheaper then, and your landlord can only increase your rent to a max of 4% annually. Try finding the same place today - I don't think you can. A quick scan of homes for rent on Craigslist, UsedVic, and the TC, shows that you only get shiite for $1600 / month. So, you can rent from the bank or you can rent from a landlord. You know, I am tired of this debate. Both are not great options. I've owned a house in my past - I am not naive to all that is involved. I know that when we find the right place for the right price, the happiness level for our family will be higher than if we move into another rental. That is worth something - for everything else there is Mastercard! hahaha...

Looking at sales throughout Greater Victoria thus far this month, we are on pace to have around 430 SFH sales. The average sale price thus far is around $585000, the median is around $535000. Low interest rates are definitely affecting home sales.

We're off to some open houses... stay tuned.