Homeowners – sort of

Our closing went off without a hitch. More than I can say for the rest of the process. For those that have followed this entire saga, it looks like our place is going to get certified as a three bedroom. This is amusing to me because we renegotiated the price (down obviously) when it appeared that it was a legal two bedroom. So now it looks like we got the price reduced and still got a legal three bedroom. Bonus.

The closing was a little less satisfying than normal since we don’t actually take possession for another week. It’s nice walking out with the keys.

On a related note, I was looking through some studies on stress (I have some self-interest here) and one of the high stress items was a “new mortgage over $100,000”. Either that statement is really old or whoever made the list doesn’t live in NY…

Comments

2 responses to “Homeowners – sort of”

  1. Kenan Avatar
    Kenan

    Well, considering that the average income of the US is between $45-$50K, $100K as a new mortgage is probably about right.

  2. Fish Avatar
    Fish

    I guess it’s just New York. The average mortgage in Manhattan was $644,000 in 2005.

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