Well, after two failed deals and getting our hopes up, as well as more rapidly declining home prices, Michelle and I are waiting to purchase a home. Home prices had leveled out a bit, but have once again started to nose-dive.
It has been interesting to go through the emotions of a home purchase, without it actually materializing. I would liken the experience to a dress-rehearsal, where we get to see what flaws may be there, as well as having the enormity of the decision and responsibility firmly impressed on us. The notion of consistently making a sizable house-payment every month, rain or shine, was an awesome reality-check. I'm personally grateful for the experience, which has helped to refine and reign-in my expectations, as well as curtail the amount of risk I'm willing to accept for our family.
Every week that passes enables us to save aggressively toward a down-payment, and yields a greater value with dropped home prices. It's an exciting, if sobering ride, down the road to purchasing our first home!
