It’s all about money, isn’t it? As I shared before, your insights in the note you wrote recently really lifted my spirits and helped me get perspective. I'd like to tell you about the content of the troubling conversation. This is LONG...If you don't have time to read...I understand.
I went over to the neighborhood where both my sisters live to see two open houses in their vicinity. I wasn't sure why I was looking. Guess I'm very curious about real estate and home values and what's "out there." Maybe I just thought it would be fun. So the three "girls" & their husbands all went together. It was a fun day. Everyone seemed to enjoy looking around & discussing the features of the houses.
Later, at sister #1's house, I was asked by sister #2 why I was looking at houses in their city. I told her I didn't know, really. Said I did like the character & charm the houses in their area have. I previously owned an old house. Then again, I added, before I would seriously make a move, I'd have to carefully look at the numbers with the decline in value of my house,
Since the economic downturn, I've lost equity in my current house. I told her that by the time I paid my agent’s commission & paid the bank what I owed it, I could pay cash for the cheaper of the two houses we looked at. But, I added, that would be like trading a $426,000 house for a $249,000 house. Well...that's when she went nuts. She screamed, "You DO NOT have a $426,000 house! You paid $426,000 for it, but you knew you paid too much for it when you bought it." "Yes," I agreed, "true, it is not worth that now, you are right." "A house is worth what ever someone will pay for it," she sternly added.
When we do home improvements we don't go get a "home equity loan." If we can't pay cash, we don't do the project. We don't have credit card debt. Both our cars are paid for. I try my best not to use other people's money!
I thought family always wanted the best for its members. I'm the youngest. Thought they'd be proud of me for not wildly spending, for beig prudent.
I do think my sisters would like me better if I were more like my niece, who is wasteful and spends whatever she has. They seem to think she can do no wrong! G.