Medicated Money

Tuesday, July 25, 2006

Place To Live: Check


After a long weekend of searching, we were able to secure a place to live for the next year. We traveled home this past weekend for the search, and were able to find a very similar townhouse to the one we currently live in. We are extremely pleased with the outcome of our search. Our new landlord appears to be a very nice guy. Our personal belief is that is important when one is renting to rent from someone who cares about the property and appears to be involved.

We are also happy that even though we are moving from the Southwest to the Northeast, our monthly rent expense will decrease from $1500 to $1250. We were expected to pay at least 10-15% more due to higher cost of living in the Northeast as well as the rise in interest rates places more people renting column due to cost of housing than in the past 2-3 years, but we are not going to complain!

Our goal for the next year is to decrease our everyday living expenses in order to continue our debt repayment plan and save for a 20% or more down payment. Renting this townhouse is our first step in accomplishing this goal.

4 Comments:

  • Northeast, $1250 for a townhouse? Are you guys moving to Antartica? I imagine it is not Boston. Do you mind sharing where?

    By Anonymous Imtos, at 1:36 PM, July 31, 2006  

  • LOL, just a little north of Antartica!

    We are actually moving to Philadelphia!

    We were very happy with the place that we found and are hoping things work out well there.

    -Medicated

    By Blogger Medicated Money, at 1:47 PM, July 31, 2006  

  • Congrats on the new pad! We are in Boston ang pay $1250 for 600 sq ft.

    By Anonymous King of Debt, at 10:54 PM, August 19, 2006  

  • Thanks, KOD!

    Our place is roughly 1600sq ft and is a little bit outside the city, so I think that is mostly why we got a good deal. Plus with the change of the housing market going more towards the buyer, it also helps the renter!

    -Medicated

    By Blogger Medicated Money, at 12:29 PM, August 20, 2006  

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