Oof. I need to start this off by saying: I am so grateful to be in the position I am in. I am very much in the luckiest top I don’t know what % of my age cohort.

Owning a house is a lot. By the time we finish the current set of bathroom remodels (water dripping down through walls and the wood was not replaced in the last 2 or 3 times things were “fixed” because previous plumbers were asshats) we will have replaced 5 showers and we will only have 2. That sucks!!!!!! But this time (because the current guy is so much more competent) we are going the distance and fixing everything else and getting two whole new bathrooms out of the deal. I’m excited and sad to be paying for them. I was going to limp along for a few more years but if I have to do this much work again… I’m coming out of it with a damn heated floor.

I am also coming out of it with a gorgeous bathroom and a slightly different shaped bedroom and I’m going to put heated flooring in my bedroom and ditch the radiator on the wall. This is exciting to me. It will also as a side benefit reduce the rate of mold growing on stuff I store under my bed. Extra score!

But I didn’t really want to pay for this kind of house remodeling stuff this year. It seems like a lot of dang money. I somehow suspect we are not going to get around to fixing the upstairs carpet for another year or two because… money.

“Where is all the money going?”, you ask. Well… our next door neighbor has decided to change up some things in his life and he offered to let us by the adjoining empty plot of land. We dickered over it because oh my god not having debt has been so nice. We had to choose between liquidating some investments and paying cash or getting a mortgage. Mortgage finance rates in the UK are below 1% and people here complain that they are too high. heh. We decided that having a mortgage also gives us the opportunity to build UK credit and that’s something we care about a lot so…

Damnit. I have debt again. But that means I am going to be scrimping and saving as much as possible. You are only allowed to pay 10% extra in a given year so I can’t massively overpay in the exact same manner I did in California but you only lock in a rate every 2 or 3 or 5 years (I’m going with 5 years so we don’t have to pay the £1500 fee for getting the mortgage as often) and at that point you can dump as much as you want into paying off the mortgage. That sounds terrific. If I want to pay it off in 10 years or less I will need to be dumping in the neighborhood of £25,000 a year into this. That’s going to make a big difference in our spending over the next few years and the house remodeling stuff is not helping my stomach hurting over how I will get everything done.

I mean. I’m a lucky asshole and I have more security and financial ability to swing stuff than other people. But I will go back to being as conservative as I possibly can in a bunch of areas. That’s not strictly speaking my favorite.

(The loan is for more than we need just for the property. It’s complicated and I can’t disclose the full details around why the loan is for so much.) If we were just financing the property I would only need to find around £15,000/year. oof.

This is leaving the stock option part of Noah’s income alone as investment stuff every year because we need to be growing the investment portfolio towards retirement. He’s really scared of that cliff that tech workers have where they just… don’t get jobs when they are older. He feels like he for sure has 10 more solid work years left in his industry and he can’t promise 15 more years at this salary level. That seems incredibly fair so I feel like we need to get all the house fixing/mortgage stuff paid off in 10 years. I mean… houses will need more in the future no matter what. We will always have to save for that and have money sitting around waiting for the next disaster. I am hoping that it will all be ok. I mean… I’m a lucky bitch and I have more chance of it being ok than I could have ever dreamed when I was young.

But golly I hate owing anyone anything.