Downsizing from 3 br house to 1 br apartment. Thoughts?
I made the decision about a month ago to go ahead and sell my house and move into an apartment. The initial reason was I have to drive 50 – 100 miles a day because I live in a rural area. Vehicle gets 24 MPG tops, so this is a big financial drain. Yeah, I like my truck, but I honestly bought it because I get few city services where I live and need it. Otherwise, I would’ve stuck with my compact car and saved a *lot* of money.
After thinking about it some more, I found I am not a very handy person and have to hire way too much help to repair problems, hate mowing a yard I never use (now pay 80-160 a month for someone else to mow), etc. It’s a financial burden to say the least.
This all seemed pretty logical to me, but a lot of my friends and family say I have lost my mind. Granted, these are the same people that consider a huge house desirable and stuff their house full of junk. I just don’t value things most people do. My current house is about 1200 sq ft and I still think it’s too large. Half of my furniture is unused and just there for a decoration.
I am 32 now and really wanted to go this route before I even moved out. Bought a house because everyone thought it was a great idea and would be a great investment. Somehow, the American dream of owning my own home hasn’t been so nice.
Am I wrong about all this? Are my family and friends right? Thoughts?