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Cat out of the bag

I think it’s time to let the cat out of the bag. I mean, many of my friends already know, so…

A little while ago I mentioned that it would be 20 months until some event. From the sound of the way I wrote that entry, it seemed like it would be something huge. It will be. You see, last weekend, I placed a down payment on a condo. It still hasn’t been built yet, however, it’s due to be completed by November 2008, which is 20 months from now.

(I KNOW! I’M IN SHOCK)

The process happened so quickly. It wasn’t more than a few days before the purchase that I was truly resigned to waiting until a long time from now in order to save up a substantial down payment. However, things change. As my father said: “Use your imagination! That money can come from other places.” So, in the end, I (somewhat hesitantly) jumped on the opportunity to be part of the the buying frenzy for this place. It’s a short walk from a major subway station. From there, it’s about 20 minutes into the downtown core. The price was decent for this place, and I expect it to rise once it’s at completion. I think the initial investment will be worth it.

So yeah…there’s another step forward, positioning me well into the adult world. I’m going to have a bloody mortgage. What the hell??? 8O



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About the author

Jay

3 comments

  1. Julius says:

    Dont mean to be a Wet Blanket, But If you get it in 20 months, Go out and buy a lotery ticket that day, cause your the luckiest man in the world.

  2. Jay says:

    I totally get what you’re saying. Frankly, I’m expecting delays too. Still, there’s no harm in being optimistic right now, no? I don’t need to bury myself in even more worries that I can avoid. :)

  3. kyleen says:

    Yay! Congrats!

    20 months does seem like a long time but it’ll go quick.

    Condo’s certainly have some advantages over houses and it sounds like it’s going to be in a great place for you.

    But um… you don’t have to start paying on it until you move in, right? That would totally bite to have to pay for a place for two years and not be able to live in it.

    Hugs!

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