I want to hear some thoughts about something that has been bugging me a little lately.
I live in an ancient house which is in a borderline neighborhood, and paid $79,000 for it almost 7 years ago. It is now worth about half to two thirds of that because the market crashed bigtime in Michigan.
I make a very decent salary, but I can’t get out of the house and “move up” yet because I don’t have enough equity in it. It had never occurred to me before I became Catholic to stay in the house I have, mostly because it would be considered a “starter house.” Where I work everyone lives in a very nice neighborhood and my boss, no kidding, just spent $47,000 alone ON HIS KITCHEN RENO.
I think that’s kind of nuts, but I recently have contracted to do a bathroom reno, which will cost about 4 grand. I am in love with nice bathrooms and my bathroom is out of date, has a too small tub, etc.
But I am worrying that it’s also unnecessary–I have never been greedy about money–hence why I bought a more less expensive house than I was approved for—but 4 grand seems like a lot to spend on a reno. I am doing it anyway, but I wonder.
Also, I worry about moving up to a grander house and wonder if I should not be doing that either. Everyone in this culture does, if they can… and I’ve worked hard since I was 16 and sometimes feel like I “deserve” it…but what do you think God thinks about this kind of thing?
I guess I’m worried somewhat about the moral implications of A. spending so much on a reno, and B. about wanting to buy a grander kind of house.