How about this for way-advance planning? We recently signed another lease to stay in our current apartment until July 2014. This gives us enough time to decide where to move, and what kind of residence to live in next. Shall it be our own home, a house rental, a condo or town home, or another apartment home? Our ultimate goal is obviously to own a home (mortgage), but we will consider all options in light of life events and our financial situation over the next year.
We love our current apartment (except for the parking situation and questionable billing models), but we realize that the more we settle, the more space we seem to need. By all accounts, all our plans call for a more permanent and larger place somewhere around town. And at our current rent payments, we can definitely afford a mortgage. Especially about home owning, the excitement and anticipation is brewing.
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