Paradise gone: a fond wish to return to return to simpler times when families (actually existed and) and people were happier, when shame existed, and to being able to believe in a secure future.
On and off I have considered buying a place. In 2001 I would look at prices and think I need to buy soon. If I don’t, I am going to be priced out of the market. Then common sense would set in, I am a single male, I make the average family income for my ZIP code but I am single, how can I be priced out of buying at 2.5 times my gross income? Income and price have to remain relational and I make the median family income, so I should be able to buy a median unit. But, I didn’t buy.
Then I would look again, repeating a similar thought process a couple of times over the last decade. Only this time the response would be …. I make the median family income, so I should be able to buy a median unit, but I can’t because prices are too high, I should have bought in 2001.
Now prices are substantially lower, and I make a few dollars more ….. if I had bought in 2001, or at any time after, I would have been a money loser for buying. Glad I didn’t buy.
Now I look, and I say what if …..
I don’t like Chicago. I think it is an infested shithole. And even after 12 years, it amazes me what people put up with here. Most likely, I am out of here if I get let go as the field I am in has been decimated by consolidation, abusive regulations, and by poor management of the institution providing the venue. Opportunity just doesn’t exist anymore (and I am lucky to still be employed).
So now, when I can afford to buy, I don’t because I don’t know if I will even be here in a year. So I look at a market of 30 year mortgage priced residences without knowing whether I will be around long enough so that a purchases won’t automatically be a losing transaction. ….. paradise gone.