Friday, January 06, 2006

We'll call it: home

We bought the house on 37th Street. Two blocks from the kid's school. A mile from Gigi's house. Only two blocks from the property we were supposed to buy last year, on September 9th. It would have been Jason's birthday that day. Instead, the would-be home drank 5ft of water and we were all digging out from under Katrina's long mushroom cloud.

Other properties in the area are going for 20% - 30% more than they would have priced before the storm. I refused to act out of desperation and buy into an overprice house where the value would quickly drop to pre-Katrina prices in the near future and possibly even lower once newer sub-divisions are put on the market by the glut of developers invading the market. So we watched the owners of this property drop the price week by week, until it came into our range. And I bought it.

Built in 1964. Three bedrooms. Two bathes (one green and yellow, the other pink and blue.) It isn't the house we want. It is the best house we could get for the best price. But the yard is huge and there is plenty of potential to upgrade the place. Close to prime shopping, close a mall, close to all our parents and one of the best elementary schools on The Gulf Coast.

And it beats the hell out of a FEMA trailor.

Now it is: Home.
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