When I have my own house, no room will ever be this messy
January 6, 2007
I decided to organize/sort through my clothing today, and so far I have one garbage bag of giveaway clothing, and half a garbage bag of giveaway clothing for a member of our church who loves getting hand me downs from me because of their “barely worn” quality. She always makes a point to inform me of what she kept and if something she’s wearing is from me, which is sweet. Little does she know that oftentimes, even before I give an item away, I’ve forgotten completely what it looks like.
The rod that my clothing hangs from has been drooping for the past eight years and it’s only a matter of time before I find myself dealing with a massive cleanup. I just hope that it lasts two or three more years, before I move the contents of the closet to a walk in closet [!!!] in my own place.
As I gaze at my mounds of clothing, the majority of them casual, the following list begged to be made.
Things I will not buy for the next 6 months to a year:
-jeans
-black dress pants [unless my current ones start looking ratty]
-sweaters
-cardigans with large snap buttons
-cotton pants that are too casual looking
-zip up hoodies
This other list didn’t beg to be made and my bank account actually groaned as I typed it up.
Things my wardrobe is definitely in need of:
-blouses [any colour or pattern will do; preferably 3/4 to long sleeved]
-mid-calf length skirt [in fashion or not, they are the only ones that flatter me]
-dressy tops that aren’t clingy materialwise
-dressy pants that are not black
-the perfect all occasion shoe with a heel
Back to house talk now. I met a girl last night who bought her own three bedroom townhouse in Farrhaven this past October. The house will be ready in June. She bought it as a single girl too so it was refreshing to talk to someone who is in a similar situation as I and who is setting up house [most of my friends who have bought a house in the last two years have bought it as a couple].
Of course I know the better a downpayment you can put down, the better things are, but she explained why putting down 25% of the house’s cost is great [something about insurance] so now I’d like to save up at least that much and any extra, well we all know where that would go [lawyer fees, inspections, furniture, appliances, really there is no such thing as "extra" in the house buying business].
2007 may very well be the year of [financial] responsibility.
Are you just mocking Barrhaven or is there *actually* a Farrhaven I am unfamiliar with? Out of curiosity, did she tell you how much she paid? I've always wondered how much cheaper gets outside of the city. I only know what stuff in Rockliffe and the Glebe costs.
*property
Basically if you don't have 25% the CMHC makes you take insurance to cover them if you are unable to pay for your house in the future. I guess they assume that if you have $$ and can pay the down payment of 25% they are in good financial comfort.
However, putting down 25% is quite rare from what I've heard especially for a first time home buyer. It's different if it's a second house and you sell the first and use the money to go towards the next. Or if people have help from family. Not saying it's impossible but I know it's hard to save 50,000 min. (which you'd need for Barfhaven).
This site will help you.
http://www.cmhc-schl.gc.ca
Yeah, I agree about the 25% down payment. There are actually 2 insurances that you save on. There's the CHMC insurance that the bank requires you to get if you don't have that much money to put down. And there's also actual home insurance (like think fire) that most banks also require. They wouldn't want to be lending you that much money for a house, only to have it burn down, and uninsured. But of course if you already are putting down a lot of your own cash, the mortgage lenders would forgo the requirement for the insurances.
Al that being said, it is Expensive. BTW there are also a few of your guy friends who have bought houses on their own. ;)