Personal Journal: the strategic default of the house we purchased in 2006

Sunday, May 29, 2011

Arsenic and a New Place

The story continues.  We did find a house that would be good for our family.  
Good enough. 

There are several fundamental problems with looking for a house, for us.  The main one is, the house we live in is huge, well kept, right in town, beautiful and cheap.  If we look at other houses, I just want to stay here.  It isn't an option to stay here, so mostly I'm in denial that we need to move. 

I HATE MOVING.  

Moving here, we knew we would have to move, so again, I am in denial. 
We made an offer on the good-enough-house.  It has a beautiful perennial garden, roses, clematis and daphne. It has enough room for us, a wood stove, a 2 car garage, a studio/office/workshop and is next door to my parents.  Those are all reasons to move there.  

Here are the reasons not to move there, some are very superficial, but humor me:  
  • The neighbors (besides my parents) have big problems, which require visits from the sheriff. 
  • The inside requires, in my opinion, updating.  There is gross carpet, and patches of wood flooring.
  • There are only 2 bedrooms, and we have 2 kids, who are different genders, so we were going to have to put in a wall in the super-large second bedroom.
  • The architecture isn't ideal.  It is 80's Creative, or that is my name for the style.
  • Finally, there is arsenic in the water.
Some of the concessions we were making by moving/buying this house, we could live with.  Updating a house is just uncomfortable for a while, then it is over.  The inside of a house is where we live, and the outside was not terrible, just 'unique'.  We have lived in neighborhoods where the authorities visited often, and we were safe, and were happy.

The last inspection we had was the well inspection.  Of course it was the last one, after paying for all the others.  The poison in the well was a deal-breaker.  There are expensive filters we can install, and then every-other year we can spend a mortgage payment to have the filter cleaned.  I decided I didn't want to lay in bed at night wondering if my expensive filter was actually cleaning the water, and my 8 year old's bath wasn't full of rat poison/remnants from the Gold Rush.

We canceled escrow last Monday.  The only loss was the cash we spent on inspections.  It is a tiny loss, and after short-selling our other house, the magnitude of loss is irrelevant.  Escrow is like kissing a girl to see if you like her, you don't have to marry her.  
Also, escrow has nothing to do with crows.

*On a tangent, if you have never seen Arsenic and Old Lace, you should.  It is one of my favorite comedies.

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