Tuesday, September 05, 2006

House Hunting & Selling Current House

The $8.5 million house was just too much for us at this time. We will now look at a $5 million house. Housing prices on this small island of Taiwan are just sky-rocketing. However, income is not moving in the same direction.

Two years ago we bought a house in NeiHu we loved (and still love). But with the school and the current job I have is not allowing us any additional savings and just tossing us in to more debt. We also want to expand our school (Curious Monkey), but with no extra money coming in - it is not possible.

So, the house is now up on the market and we are looking at housing in DongHu. A move of about 4-5 miles. A move that will give us a lower cost house and believe it or not a bit more space (about 177 square feet more).

This decision was not made lightly. This decision had many more "plus" side arguments than "negative" side ones. We are excited as a family on the decision.

Sometimes to move forward you have to go backwards.

1 comment:

DEBTective said...

Good job on the good sense, bub. No house is worth going into so much debt that you lose sleep over it. Keep your payments manageable and pay everything off as soon as you can. You'll be swimming in moolah soon. Great work!