A particular pleasure is catch up time with important friends with whom I have a deep, long and connected relationship. It makes me think about living here more during the year and buying instead of renting.
So, I went on the Durham, North Carolina bungalow tour with my friend Hettie, organized by the historic preservation society. The temptation to own one of these beauties is powerful. Hettie and I spent time cruising neighborhoods for home ownership possibilities for me.
Durham is gritty, one of those places that people are calling The Brooklyn of the South. Property values are skyrocketing and renovated bungalows in coming-back neighborhoods are snapped up within a day or two after being listed for sale.
Thanks to the New York Times and the plethora of imaginative restaurants here, Durham is a surge community. Soon-to-be opened condos in the city center are going for over $1 million. A few years ago, no one wanted to live here. It is becoming the epitome of upscale elitism and monied funk. Disparities are showing up here big time, pushing poor people out, raising the tax base.
I’m mesmerized by mixed Durham neighborhoods with ethnic, racial and economic diversity where 1200 square foot 1930s bungalows are selling for$300K+ That’s not my price range!
As I begin to explore planting my feet here for part of the year, going back and forth to/from Oaxaca, I imagine what it would be like to be a home owner, support a mortgage, pay insurance, do maintenance and be with women with whom I have shared a connected intimacy over many years.
I’m open to a dialog about this. Now, for today, off to look at small houses in affordable neighborhoods that would be an entirely new living experience for me.
Why am I considering this?
- Close to long-time, intimate friends
- Having a base of my own in the USA
- Access to university medical center health care
- Living for today with a plan for tomorrow
- Claiming a stake in real estate investment
What would be the downside?
- Less discretionary income
- Limited and less frequent international travel
- Fewer opportunities to meet up with friends who live elsewhere
- Fewer visits to west coast family
- Higher fixed costs
- Lifestyle changes