Monday, February 12, 2007

Another one bites the dust

Yet another friend is leaving Santa Barbara over the cost of living. Apparently, rents have skyrocketed over the past couple of months. Our friend thinks he can get $3000 per month for his 3 bed-2 bath home which is sliding down the mountain. It was worth about $1800 just a couple of months ago. Hopefully our landlord wouldn't have jacked our rent, but you never know.

On the flip side, we are scheduled to close on our house on 2/26. We just need to get it appraised, finalize our mortgage (lender is waiting on the appraisal), and buy home owner's insurance. Then we are the proud homeowners of a fixer needing a bathroom and kitchen.

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