Hi everyone. Instead of the usual Tuesday Tips, I thought I’d just quickly share some news. For the most part, I try to keep our personal lives out of the blog. However, I think it may affect A La Modern, our thrifting activities and how much time we can devote to posts.
We’re moving!
We just closed escrow on the house today – I’d been waiting to say anything about it because we wanted to be sure.
It’s a little bit of a complicated situation, but in essence – we’ve purchased my late grandmother’s house. I realize that for a lot of folks, moving is not such a big deal. However, I’ve only ever lived in two houses my entire life (not counting college dorms/apartments). We’ve accumulated a ton of stuff over the last decade+ at our current house, so it’s not going to be a quick move. And hence – I’m thinking that we’re going to need to devote less time to the shop, at least in the near future. Such is the benefit of working for yourself as a vintage reseller. =)
Grandma’s house was built in the 50s, but it’s not the midcentury modern marvel that some of you might think we would opt for. It’s definitely not perfect. However, it’s a fairly nice house with a decent view – and we felt like it was an opportunity that was difficult to pass up. (I had some other pics of some interesting pieces of vintage decor, but I don’t have the time to put them all up right now.)
Also, I think some of you may know this, but this is going to be our SECOND house. And when I say second house – I mean that we are nearly done paying off our current house. AND we’re going to keep it and rent it out. AND we’re not yet 40 years old…
I don’t usually toot my horn too much – but we’re pretty proud of that accomplishment. I don’t know of too many of others our age in that situation. And if I may get up on a platform for a bit… the road to paying off our current house has not been completely smooth. We went through some rougher times (some really rough times when I was laid off from a tech job), and it was difficult when everyone and their mom was refinancing, borrowing like crazy and living the good life. Well – you all know how THAT went down…
We remained conservative and stuck to our guns when everyone said we should do it differently. I’ll admit that we were pretty lucky at having purchased our house when both the price and interest rate was “reasonable”. However, we could’ve easily went in any number of other directions at the time.
I won’t keep going on and on. But what I want to say to everyone, is this: Follow your own path. I think this applies not only to buying houses – but life in general, jobs, goals, family, etc. I mean, you shouldn’t be completely foolhardy. Listen to advice, but keep your own vision in mind and when opportunity arises…
I’m going to be the first to say that I sometimes fall victim to inactivity, or I’ll end up going with the “popular” view. I also think that sometimes we’re a bit too conservative with finances – but it’s just the way we are. That’s why this move is going to be such a big deal for us. It’s going to be tough (especially until we completely pay off the current house), and we’ll have to juggle the finances quite a bit and save more, but we’re really looking forward to it.
I’m heading over to work on the new house right now – we’ll probably keep up the posting on the blog at least once a week. But if you don’t hear from us – well, you know what we’re working on! =)























May 3rd, 2011 at 9:35 am
Nice! real estate is always an investment
We are considering buying a house but with the crazy Bay Area prices, there is no way I pay 3/4 of a million dollar for a house made in the 60s with a 1200 sqft area. NO WAY!!
I dont know when or how we would afford one here but I am always looking..
Good luck with your move.
May 3rd, 2011 at 9:38 am
Congrats. Such a great accomplishment!
May 3rd, 2011 at 10:01 am
Congrats! You should be really proud! What a nice reward for sticking it out and paying down debt. It’s nice to hear a great success story from folks who didn’t use their house as an ATM!
May 3rd, 2011 at 11:22 am
Well done! It’s great to hear a real estate success story like yours and nice that your Grandmothers home is staying in the family. Slow and steady really does win the race.
Of course you will be missed, but you are essentially moving your home and your business. That’s a huge, time consuming undertaking. We’ll see you on the flip side!
May 3rd, 2011 at 12:12 pm
Congrats to you and the mr!
We also try to live as financially conservative as possible. it’s such a bummer sometimes but we hope to pay off our home before 40, too, and hearing that you’ve done it so encouraging!
May 3rd, 2011 at 3:46 pm
@sraikh – we love the Bay area and considered moving there at one point, SF especially, but hear you on the crazy prices.
@javier – thanks!
@sputnik – I feel a little vindicated, because we did get a lot of friends and relatives questioning it or offering a different way to do it. So I didn’t want to rub it in with them, but hell yes I’m proud of our own method… I mean, we did make some mistakes with spending as well, but overall were able to stick it out.
@monogirl – I’ll try to still keep up the blog, I plan to still one post a week at least. I think listing items and going to thrifts may take a little hit though.
@jenny – hehe, the Mr. is me actually =) That’s great you’re living more conservatively – I know it can be tough. Here’s hoping to your success as well!
May 3rd, 2011 at 6:46 pm
I am so happy for both of you. I love moving. LOL probably too much which is why we haven’t paid off a house yet. I think it is touching that you are moving into a home that has been in the family. I definitely think that paying your house off deserves a huge pat on the back. I hope you’ll post a photo of your fabulous view.
May 3rd, 2011 at 9:13 pm
That is so wonderful! Congratulations and good luck with the move. Wish I was local so I could lend a hand.
Hope it all goes smoothly and no vintage lovelies get broken in transition.
May 4th, 2011 at 1:41 am
Congratulations! You should be very proud of yourselves. I am one of the few who HATE moving, I find moving overwhelming. Hopefully however, yours will be easy and smooth. The great thing for you is that at least you are not selling your house so you can take your time moving.
May 4th, 2011 at 7:36 pm
Congrats, it’s well deserved!!
May 4th, 2011 at 11:37 pm
Congrats! From the picture, it looks really cute. We may be in escrow pretty soon, and also not the mid century marvel we had hoped for, but still a good house. You should definitely toot your horn. So many people do what everyone else is doing even if it doesn’t make financial sense. We waited almost 5 years after the sale of my condo at the height of the market in our area. Guess who walked away with a huge profit, now a huge savings, and a nice down payment for a house? US! Gotta do what you feel is right – ALWAYS.
May 7th, 2011 at 4:37 am
Congratulations! Looking forward to hearing/seeing some of the progress in this adventure.
May 8th, 2011 at 12:07 am
Good luck with your move and congratulations, you have indeed done very well. Love your site and I have added you to my inspiration list on
http://www.yonksnews.blogspot.com
Please stop by for a visit.
Dianne
YONKS
May 9th, 2011 at 7:13 am
Congratulations! I’m glad you’ve shared your accomplishments here, they’re very inspiring! I think us thrifty souls definitely think outside the box financially. I save almost everything I earn and being thrifty helps me do that, I’m proud to live outside the status quo of debt and buybuybuying the latest stuff.
So sweet to know the cute house stays within the family, too!
May 18th, 2011 at 5:36 pm
You go ahead and toot that horn all you want! What a great accomplishment
And from the one picture I think the house looks great. Cant wait to see how you decorate/remodel it, that is if you chose to post that personal info. Those posts would be great. I would like to know more about yall!