Bricks and mortar

Filed under: General - Mark @ 12:25 pm

 

Don’t get me wrong, I love owning my own home. Being able to modify it, and over time building equity. But gee it’s also depressing.

I decided to make a graph of how much damange we’ve been able to do to our outstanding mortgage amount over the last 9 months.

(Orange is actual, black is average)

It’s so depressing, one step forward, 0.9 steps backwards. When the orange gets past -250k (and stays there), I’ll be a bit more happier. That was my 6-month goal. Missed it by about 4 months, but unexpected babies can do that! Well worth the cost though.

So, what does this mean for the future? Thanks to excels ability to see into the future:

(Blue is what we’ve done, purple is projected until $0 balance)

Puts things in a bit of perspective…

Add Comment (1) | 14/5/2010

 

1 Comment »

  1. 2025? That’d be ok.
    One thing I think you’ll find is that with the baby, and schooling, etc… that may get extended – Not to depress you.

    Remember: Mortgage is like an extended rent… and at the end of the day, its to do with quality of life. Money isnt everything – life is about people!

    Comment by Kris — 15/5/2010 @ 9:35 pm

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