Having spent the last few weeks talking with bankers, mortgage brokers, and realtors (and spending hours on end laying on my bed staring at the ceiling) I have come to the conclusion that I cannot afford a house. Even though houses in my area have dropped in price to historic lows, sometimes down 100k from their list price 5 years ago, it is still too much to handle given that I am just one dude, with no friends.
Which, is fairly depressing. I told myself that I would save money from my new job for a down payment on a house, which I did. I talked with mortgage brokers and was approved for the necessary loans. And while I could buy the house, I couldn't really LIVE in that house. Why is that? Because I cant fork a house payment AND student loans AND a car payment and expect to live a lifestyle other than that of a beggar. Truth be told I don't currently have a car payment at the moment, but I'm running on borrowed time on the car I am driving.
If I spend yet one more year at home, I could pay off ALL of my student loans, AND buy a brand new car. In exchange for this financial security, I need only sacrifice my nonexistent social life, independence, and live like a child with mom and dad.
I keep telling myself that this is the smarter decision. How many people my age have paid off their college debt, and drive a new car? Yet in the back of my mind, I cant help but think "how many people my age are married, have their own place to stay, and lead interesting lives?"
I guess everything has its price, and that's why they call the American Dream, a "Dream".
**** I will say this, as to not sound like a complete twat, I am GRATEFUL to have these options. I can clearly remember scrubbing cars, literally on my hands and knees, for dick-fifty an hour, working my ass off and not ever making any progress. I also remember the design interviews I had, where I was grilled and asked if I was the greatest artist that ever was, because they expected no less, and then told that my wage would be a fitting dick-fifty.
****EDIT - I did go and buy that new car, so it appears my path is set.