There is no change in the situation. The downward spiral continues.
I am feeling overwhelmed at all of the past costs of this home remodel, and the future costs still needed to pay out. The previous luxury of having roommates to pay extra on the mortgage will now be a necessity. I would like to call it massive Scope Creep on this project, but the mold in the house required all of these additional costs. My original goal of trying to make a self-sufficient lifestyle has now degenerated into a consumer-driven, mortgage-laden, privacy-stealing chain around my neck.
Since my brother is doing all of the work with his crew, I am getting a screaming deal on labor costs, but it still costs money, and the materials are expensive. Paying rent on the apartment, the mortgage payments, utilities …… I’m broke and the credit will run out all too soon if I am not careful.
I just need to plow through all of these upgrades and everything will be fine, but for right now, I am not feeling very good about the decision to buy this house. I am contemplating cashing in a frozen retirement account and taking the large hit in taxes so I can put it directly onto the mortgage. Using a mortgage calculator, the money I would save on interest would more than make up for the taxes lost. This is an account I need to deal with anyway, as it is my wife’s profit sharing account from her old company.
The rest of my life is suffering as well. I have the same dishes in the sink for 2 weeks, my laundry basket has been full and I am out of clean clothes. The mail has been piling up and bills need to be paid. When I do have free time, I curl up in bed and try to sleep with my mind racing.
This too shall pass.
Title from the poem Ozymandias by Percy Bysshe Shelley