A near fatal miss

Today we had a close call. We were talking about everything to be done and how it feels like things are moving toward us like an unstoppable train, as well as how we really wanted to be able to build without creating a debt for ourselves when we were done. This led to us discussing whether we should proceed with building this year, or whether we should wait a year (or more) and save up more money.

Well, it was a heck of a Sunday, I tell you. We talked and talked and it was very close to the whole process of deciding to build a FirstDay. We went through and discussed the advantages and disadvantages of waiting and everything seemed to point to wait until we got to the money question. Waiting for a year would reduce the amount we need to borrow by 1/3, but that is in today's dollars. After we figured out the interest on the loan principle we would take today and compared it to the expected cost increases of building materials, we figure we would actually come out ahead by taking a bigger loan now than by taking a not as small as calculated loan next year. On top of that, it seems of late that the economy is like a man walking on spring ice. The surface, which has been solid for so long, may be rotten and melting underneath and could give way any moment if you step in the wrong place. A drastic change to our economy could easily put the FD out of our reach indefinitely.

In the end, we decided we are better off if we continue on with the current schedule. We are calling to confirm the foundation and excavation contractors tomorrow, and get this ball on the roll. Now we just need to find a plumber to do the Drain/Waste/Vent system and the propane piping and an electrician to hook up the mains to the breaker box and meter socket.