Every once in a while, I do a little "worst-case" scenario and determine how little I need to get by in case of, you know, the worst case scenario happening. It’s not overly complex, it’s basically reviewing my budget and seeing how things have changed for better or worse since the last exercise.
One of the line items is the mortgage. Almost 5 years ago, I refi’d into a 15-yr loan with a better rate and I’ve been paying a minimal extra amount on the loan each month. So one of the things if shit really hit the fan is I would attempt to refi it back into a 30-yr so I could reclaim some of the money I’d budgeted to that bill. I suppose some people might consider pulling out the equity in the house and surviving on that until things got better, but this is just the way I think. Don’t give up ground, even if your progress has been slowed.
So anyway, I brought up a mortgage calculator and like a lot of nice, friendly forms, this one had nice sliders to adjust the values. The page loaded like this.
Well, I’m not getting a 330k loan, now or ever. So I dragged the slider down. And when I did, something crazy happened. The house picture changed.
Fucking ouch. What a punch in the gut. When you load the page, the site is setting your expectations with "this is what your house will probably be like" and when you eventually say, "I can’t afford that payment," you move the slider and the site says, "Well, now you’re looking at this kind of house." No stairs. No ornamental shrubs. Even the tree is wimpier, suggesting you’re just a beginner. And while that may be true, it’s not as encouraging as it should be. Don’t focus on where you will be, focus on where you are right now – smallsville.
But I’m not looking for a loan even in that area. The calculator doesn’t go where I need it to go, but I tried.
Jesus. 100k and this is all you get for it. Well, at least it’s a two story place, which I suppose might be better than what I have. But the point still stands, getting two sad reminders of where you are, not where you’re going. Of course, once you are faced with the reality, who isn’t going to dream a little and peek over the fence to see the greener grass? It’s human nature. If you feel bad, feeling worse is the easiest thing to accomplish. Drag, drag, drag.
Nice. Bigger garage, columns, bigger tree, fireplace. But I really want to feel bad.
Sigh. Ok. That’s enough.
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