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September 15, 2006
life is good
I'm feeling pretty good today. Class continues to go well, and after class last night, we had a little social gathering at Cornwall's, which is a pub apparently frequented by BU students. It's really a great bunch of people. There's another guy, also named Mark, who is in both my accounting and management classes, and we were talking about how nice it is that everybody seems smart and ready to work hard. It feels like freshman year again, but with less culture shock.
Tonight we're going to go look at a condo again that we might put an offer in on. I'm pretty excited about the prospect of becoming a homeowner again. All indications are that the Fed is trying to avoid a recession and is concerned about inflation, so I actually don't think that interest rates are likely to go up again anytime soon. In fact, I wouldn't be surprised if they went down a bit.
Do I think that we're going to see continued double-digit growth in the housing market? No chance. Do I think that things will probably slow down and maybe even move a bit backwards before they stabilize? Probably. Do I think that we are on the cusp of some dramatic housing bubble meltdown? Nah. Call me crazy, but people need places to live near where they work, and Boston has plenty of jobs and plenty of people. And if the housing market does completely tank and we need to relocate, guess what? We become landlords. I wonder if we could find somebody to rent out our condo right near a major college and within T distance of several others...hmm.
So, while there are risks, I feel comfortable and confident entering into this transaction. We're looking for a place to live that doubles as a long-term investment, not a quick flip to make a profit.
What else. Greg Tucker from back in the day is in town for a conference, so I'm hoping to meet up with him either later tonight or tomorrow. We're going to a Red Sox game with work next Wednesday night. MLK weekend in January the 'cuse crew is heading up for some basketball and cheap beers in CNY. I have quite a few little projects that I'm juggling in work, and I feel like I have a really good understanding of operations here and the ability to actually make some meaningful contributions. Life is pleasantly busy, and I feel absolutely great.
Posted by Mark at September 15, 2006 10:34 AM
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