All this talk of buying houses by Early Retirement Middle Way and Money on My Mind has me yearning for another property of my own. Of course, it’s completely out of the question for the moment because:
- I’m in the USA for another two years so there is no point buying another house back in Australia now;
- My finances are such that I probably couldn’t get a loan for another property now anyway; and
- Apparently house prices have started dropping in Australia, so I can’t really recoup a profit from one of the other houses if I sold it.
Still, it doesn’t stop me dreaming. I love having my own place. I envisage having my own garden, putting in rainwater tanks and a greywater recycling system. I foresee a solar system on the roof. I want to live close to town so that we can do without a second vehicle and so we can walk or ride to shops, cafes and work. If we rent, we won’t be able to do any of these things.
Unfortunately, in order to buy a property close to the town I’m thinking, with enough land to have a garden and fruit trees, it’s going to cost a pretty penny. *Sigh* I guess I’m going to have to relegate this dream to the ‘longer term’ pile and just focus on the baby steps to reach that goal.
Photo by: Aaardvaark