Posts Tagged ‘buy a house’

Slow it down

June 21, 2022

Whelp.

I might have been ready to buy a house.

But the bank ain’t.

Oh well.

And actually.

Some relief.

It felt like it was moving a touch too fast.

I was beginning to feel anxiety about client’s cancelling and am I bringing in enough and how much is a mortgage payment going to be?

OH.

That’s a lot.

And fuck.

I better secure some more clients.

And shit.

I need to publish a book and can someone bequeath me some money.

I don’t really play the lotto, but maybe I better start.

Fun things the brain likes to cook up.

But, as it turns out, I am not in a position to buy anything.

This year.

I had a meeting, phone meeting, with the mortgage broker my real estate agent suggested.

And he was very clear.

Nothing to do here.

No bank is going to touch me.

I’m self-employed.

I need two years of stable income.

It’s not that I’m a risk per se, but that banks are very hesitant to loan money to the person who doesn’t have a proven track record of making money.

Cool.

I get that.

So the agent said, you appear to make enough and continue to make this much and you should be fine to get a loan.

Next year.

So.

The project is on hold and I’m not going anywhere.

Unless, yeah, some long lost relative has some money for me.

HAHAHAHAHAHAHAHAHAHAHAHA.

That’s so not happening.

Anyway.

I actually felt a lot of relief when that happened, the mortgage broker saying, not this year and I’ll contact you about this time next year and then we’ll talk.

Gave me a reprieve.

Gave me some relief.

It’s not off the radar, but it’s some ways out.

And of course, time moves quick at my age, next year will be here before I know it.

Still.

Being able to take my foot off the gas and recognize that I don’t have to suddenly work more when I already work a lot, was a relief.

And.

Summer’s tough.

Folks travel.

I’ve had a lot of cancellations with people traveling.

And I’m ok with that.

There are still new clients coming in, I have a consultation tomorrow.

I picked up a new client last week.

Turn over happens.

That’s a part of my business.

Faith that things will move and taking the necessary actions and letting go, gently, of the results, is the best way forward with me.

I also hit up the MOHCD first time buyers program zoom.

Mayors Office of Housing and Community Development.

I had thought I had a chance at some of the loan programs they offer first time buyers.

And nope.

I don’t.

The city counts gross income.

EVEN for someone who is self-employed.

So it doesn’t matter that my business eats about half of what I make, the city will count all of what the business brings in.

Sigh.

So.

I make too much money.

Funny that.

Not quite enough money in some eyes and too much in others.

I did at least save a little time and exited the zoom early when I learned that piece of information.

I looked about my apartment, it’s a sweet little space, and I realized, hmm, I have plenty, I have more than enough.

I live a lovely life.

I have two cute cats.

I have a business that I run and own.

Literally.

I am an SCorp.

Well, my business is an SCorp.

I actually have 1,000 shares if you are interested in investing.

Not that I would ever go public.

Not that I even know if that’s an option.

Totally no clue, but yeah, my accountant filed the paper work for me, my business, to become a corporation rather than a sole proprietor.

Cool.

I have no idea what it means, except, that ultimately it’s supposed to save me some tax dollars.

Ok.

A lot of this is over my head.

I don’t know anyone in my family that is a business owner.

This is all unfamiliar territory.

But there are perks, so many.

I call my shots.

I schedule myself.

I still am loving the off on Fridays gig.

I love my job, that helps so much.

I am grateful for all the other jobs I’ve had as well, they have all served in one way or another–taught me how to listen, how to care take of others, how to watch for cues in the environment, having an open door policy when I was management in the service industry, all the confidences I have held over the years.

It all added up.

I shared with someone recently, that I have been groomed to be a therapist, I was built to be one.

I am grateful for it all.

It hasn’t been easy.

No.

Not at all.

But.

It has been beautiful.

And for that I am grateful.

And that house that I have built to reside in, the corporeal one this soul inhabits.

Well.

It’s damn solid and I am content.

So much so.

A house can wait.

My home is already secured.

I’d Like to Buy a House

June 13, 2022

I would say, with some glee, as I forked over a spate of pastel colored pieces of Monopoly money. I liked to slowly developed my prime real estate, keeping a few dollars back in case I landed on someone else’s quick built up into hotels.

I preferred the green properties on the Monopoly board.

Not quite the same high end prices as Boardwalk, but nice places, chi chi.

“You’re just like San Francisco,” I was told once in passing, “you used to be hipster and now you’re bougie.”

Ahem.

I was both annoyed and flattered.

It’s kind of true.

I can’t tell you when the last time I went out for a ride on my flip flop one speed Mission Bicycle, although I could if I looked at my social a bit, I do tend to document when I go for rides now.

I call them “bike’ies” instead of “selfies”.

Just my bike leaned up against some cool street art.

I have a lot of those from when I lived in Paris in 2012 and 2013.

These days, not as many.

I tend to walk everywhere.

Yes, I do have a car, but, um, when you score a good spot in your hood and don’t have to move it for street parking until Friday, you, I mean, I, walk everywhere.

I did take the car out today, early this afternoon.

I went to an open house.

I guess this is when the bougie piece comes in.

Sort of.

I do actually want to buy a house.

I always have, but I never really thought that it would be possible.

Until recently.

I had a talk a few years back with a woman I know who is a realtor and helped a mutual friend buy a house.

I knew how much said mutual friend was making and thought, huh, I wonder, when I get into my private practice, I might be able to swing that.

So I had coffee with the realtor and told her my deal and that I was years out, but intrigued.

She told me to get a credit card.

Which I did not want to do, but build up your credit was the advice I was given.

Before I got sober I burned my credit to the ground and it was bad news bears getting out of that financial hole.

But I did.

And I swore, no more credit cards, ever.

NO.

But, the realtor was convincing, and I knew a few folks who used their cards wisely, paid them off immediately, and built credit whilst also getting airline miles.

Huh.

I could do that.

And, do that I did.

In fact, that’s how I flew to Hawaii in February.

Airline miles on a credit card.

I actually flew first class, I had a lot of miles accrued.

It was so worth it and my credit score has gone up significantly.

I don’t keep a balance, ever on my cards, yeah, cards, I now have two.

One is Alaska Airlines for flying to Hawaii and the other is Air France, for flying to Paris.

I’ll be able to fly free the next time I go to Paris, well, not the trip I have booked December, I already bought that, but the next time.

You know there will always be a next time I fly to Paris.

Anyway.

I have great credit.

My car is payed off, I have no credit card debt, and though, yes, I do have a ton of student loan debt, I have started paying it down.

So.

Yeah.

757 is my score and that’s considered “good” to “excellent.”

Rewind a few weeks back to hearing from a couple of people about their house buying adventures and I thought, huh, you know, I wonder.

I texted that realtor from a few years a go and we had coffee last Friday.

She thinks I can.

We started mapping things out.

I have done some research.

I have looked at a lot of things on Zillow and Bay Area Modern Homes.

A LOT.

My eyes are kind of bugged out from looking.

I’m awaiting a call back from a mortgage broker to discuss my situation and I talked with my accountant this past week.

I don’t make an enormous amount of money, but my business is doing well and as my accountant noted, my income is very stable.

I don’t personally make what my business makes, basically I take home about half of what I make.

But that’s enough.

And it’s also not a lot, by San Francisco standards, and as it turns out I make under the cut off for the Below Housing Market in the city.

I’m not interested in a ton of those homes, but I am interested in some of the first time buyer loan programs the city has.

So next Saturday I’m going to sit through a two hour Zoom workshop and take the next steps to move forward to do the work and paperwork for the city to help with a loan.

I’m excited.

Today I went to my first open house!

It was perfect.

And not quite.

The view made me super happy, but it didn’t have much closet space and it had some dingy ass carpet in the bedroom, not my style, carpet.

But oh, the view.

Stunning.

And lots and lots of light.

Which is what I really want.

Give me light!

I’m looking at industrial lofts in the city.

I like how they look.

I always have.

Polished cement floors, exposed beams, concrete, big warehouse windows.

Something Southern and/or Western facing, a corner unit please.

Which is what this loft was.

The view of Twin Peaks was fantastic.

I want to stay on “this side” of Twin Peaks.

I served my time out in the fog and I want to be on the “sunny side” of the city.

The loft was on Bryant Street in the Mission.

18th and Bryant.

A neighborhood I know very well.

I lived just a few blocks over when I first moved to San Francisco, at 20th and York.

I would day dream about a loft conversion that was happening down the block, not the one I saw today, but actually quite close, and imagine one day living there.

I told the realtor I’m working with, maybe it’s crazy.

But.

I’d love to move on Labor Day weekend.

It will mark my 20 year anniversary of moving from Madison, Wisconsin, to the Mission District in San Francisco.

When I had a two month sublet, no job lined up, about 2k in savings, and a used two door Honda Accord (that I donated two weeks later after accruing six parking tickets) with my life packed into it.

How smashingly cool would it be to land myself in a loft, in the Mission, 20 years later?

Pretty fucking cool.

I can’t know what’s going to happen.

I’m not sitting on a big nest egg–I spent that on my surgeries last year, thinking I was giving up on the idea of buying a house.

But, I do feel like it’s possible.

Anything’s possible.

Right?

I got a PhD, my own psycho-therapy business, a car, I mean.

Fuck.

I have come a long, long, long way from juggling three to four to five jobs, and riding all over the city on my one speed to get from one gig to the next.

Hey, Mister Banker Man, I want to buy a house.

This girl’s got a dream.

Let’s make it happen!

Seriously.

What Would You Buy

January 8, 2019

With one dollar?

He asked me to write it down on the note card.

Then he asked what would I buy if I won $10, then $100.

Then $1,000.00

And $1,000,000.00

And also.

$10,000,000.00

My friend had talked me into buying a couple of lottery tickets right before New Years, he always does around New Years and at first I balked.

“You’re one of those people,” my friend told me, we were just leaving Reno.  She had been working at a casino in Wisconsin and was driving cross-country with me to help me move to San Francisco from Madison.

“What do you mean?  I’m one of ‘those’ people,” I asked, but you know in my head I think I sort of knew.

“You’re one of those people that they warn us about at the casino,” she finished.

“Really?  Come on, how can you tell after twenty minutes of me playing slots?”  I asked skeptical, but as I mentioned, perhaps there was a little inkling of knowing what she meant.

She broke it down and yup, I pretty much qualified as one of those people.

I still do.

Which is why I’m pretty careful about not gambling, playing the lottery, buying scratcher cards, going to Reno or Vegas for a fun weekend of playing slots.

Nope.

Something inside gets a little wacky.

Gambling can easily become an addiction and I found out later in life that my mom had a gambling addiction in addition to a few other things.

Some things run in the blood.

So when my friend was like, hey just buy a lotto ticket, its tradition, I balked at first.

Then.

He explained himself and I thought, ok, maybe.

I bought two.

I didn’t win.

But for a day or two occasionally I would think about what I would do if I did win.

Pay off my student loans.

And my best friend’s student loans and probably a few friends in my Masters degree cohort too.

I would definitely quit working, as a nanny, I’d still work as a therapist, I think its important to give back and I’m a good therapist, and I think that having something constructive to do is important.

I would travel a ton.

I would go to Paris and take the Belmond Simplon-Orient Express from Paris to Venice.

And I would upgrade to the suite, which is 3,500 Euro for one way.

God it’s a pretty train, all art deco and fancy and stuff.

Then Venice.

Which I have always wanted to go to and have not made it there yet.

I would get skin reduction surgery for the excess skin I have from my weight loss.

I would buy some pretty clothes.

I would buy a flat in Paris.

I would buy a house in San Francisco.

I would buy a house in San Francisco.

I’m going to buy a house in San Francisco.

I have been writing an affirmation now for a few years every morning in my writing that goes something like this, “I own my own home in San Francisco.”

It really has seemed a bit of a pipe dream, even though I had someone tell me to look them up when I entered my Master’s program when I was ready to buy a house.

She was assuming I would eventually come into a decent amount of salary becoming a therapist.

I’m not quite there, but I am beginning to taste the reality of it.

I actually think I can buy a house.

I really do.

Even here.

In the most expensive market in the United States.

This feeling is pretty new to me, only having happened in the last 24 hours.

Yesterday I had  a huge resentment surface around my current landlord.

There is a gigantic water leak in my hallway entry, a leak that was not just drip, dripping, but literally soaking the hallway to my studio.

Granted.

There is not an actual leak in my studio, it’s dry, but the hallway from the entry door to the studio is sopping wet and my landlord happens to be a contractor, I was aghast when it happened a couple of weeks ago and even more so yesterday and the day before.

I got angry about it.

It’s pretty obvious that he’s not doing a thing about it and it’s rather disgusting to walk through.

That and I’m pretty sure, though I haven’t quite figured out what the correct amount is, that he’s overcharging me utilities.

I made a call to the Tenant’s Union last night to go over a few things–like I don’t have a heater in the studio, which I found out was illegal, and it’s been super cold.  I bought out-of-pocket a space heater, but it doesn’t seem much of a solution and apparently my using it is blowing up the utility bill.

Something smacks weird in all this and add-on to a few drunken loud parties, pot smoke in the garage leaking into my bathroom, and some domestic fights that I have heard and I had pretty much made the decision yesterday that I was going to honor my lease but after it was up, get the hell out.

It’s just not quite the right fit.

It’s better than what I had and I will be honest I looked past one red flag that I probably shouldn’t have.

I did some inventory around it and discussed it in detail last night before doing the deal up in the Castro.

One thing that came out is that I have been practicing faith around my finances instead of fear, I have for a few weeks now.

The buy out monies that I pre-paid the first six months of rent will run out in February and I will have to pay rent out of my pocket and I’ve been concerned.

Afterall.

It is $1,000 more than what I was paying.

So I have been doing contrary actions.

Tipping more when I get a coffee or going out to eat, and I’m a good tipper (once service industry, and I did it for two decades, always service industry), giving a little more when asked, paying my bills early, making a car payment when one isn’t yet due, etc.

Believing that I will have enough and acting as thought there is more money coming in.

Yeah, I was miffed about the utility bill and my landlord saying I owed more, I mean, dude, you owe me a heater in my unit, you should pay the fucking bill, is what I wanted to say, but I also did restraint of tongue and pen and text and figured it would be much better to talk with the Tenant’s Union before I talk with my landlord.

I just paid the bill, wrote a check, and I also said, I’m still going to use the space heater.

The studio is god damn cold.

It’s winter.

It’s been a cold winter for San Francisco and the unit is not insulated, so even when it warms up it doesn’t hold it for very long.

Anyway.

After I got my anger out and had a good talk and then listened to a good talk, I said I was going to have the faith that I didn’t have to actually look for a shitty place, I will be able to afford something better.

Then my person said, “why don’t you just buy a house?”

I was like, Jesus, you’re right!

I am going to buy a house.

The lottery ticket, like I said didn’t yield a win, but it did put the desire to be a homeowner square in my face and I have thought for a long time that I might be crazy, but somehow I was going to end up owning a house in SF.

San Francisco has a Below Market Housing lotto for new homes that are built to accommodate those in the city that can’t afford to buy market rate houses.

I have to attend six hours of workshops and do a 1 on 1 counseling session before I can enter the lottery, but once that’s done, I can apply to every listing that goes up.

Guess who signed up for their first workshop last night?

Yeah.

That’s right.

And I have this feeling.

I really do.

I am going to buy a house.

And it’s not that far away.

I can feel it.

Seriously.

 


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