I'm thoroughly demoralized by the househunting. We have been repeatedly shut out of bids as people offer 50 to 70 thousand dollars over what we can afford. Houses that come on the market in our price range (and that's pitifully few) sell for far more than they're worth and certainly far more than we can come up with. I am tired of feeling like worthless scum because I can't put a half mil into my first starter home.
We can do two things here. We can resign ourselves to living with a hideous commute, dealing with traffic that is only going to get worse as the years go on, in order to buy something we really want to live in, or we can throw in the towel. Personally, I'm more inclined to say "Bite me, lardbutt overpaid dot com share-ionaires," and use our savings to pay off the most egregious debts, then do some serious saving for another year. Unfortunately, I don't know that we'll be much better off as the market will continue to spiral out of control.
We've got to do something soon. I don't want to be this depressed all the time.
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