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They Didn’t Realize the Emotional Toll of Buying | IWT 111 OUT now! #personalfinance #housebuying

7 Jul 2023 · 0 min

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0:24

A short YouTube interview (Ramit Sethi with Jonathan and partner) about the emotional and financial strain of buying a house. The speakers describe bidding activity (initial bid ~$700k, bought at $730k), acute anxiety (panic attacks in the two weeks before closing), bodily feelings of debt burden, and relationship stress from attachment to the house.

Questions this video answers

$700,000 (spoken as '700')

$730,000 (spoken as '730' — 'counter with the full price, 730')

For the two weeks before closing

What was your first bid?
We were originally going for, like, 700.
And what'd you end up getting it at?
We had to counter with the full price, 730. I don't think realize, just financially and emotionally, just everything that goes into buying the house.
You know, you look at the Internet and everybody says, you buy a house and then it prints money.
Actually, for the two weeks before closing almost every night, I had, like, panic attacks.
Whoa.
Crazy level of anxiety. I think the psychological, like, burden of debt for me. I know I felt it, like, in my body, like, in a very real way.
We weren't at the healthiest place. Me, I got attached to the house because we toured so many houses, and this felt like it was the house. And for Jonathan, one hand, when he says no, he felt like he was not doing the right thing for me. On the other hand, like he had to make a decision. So a lot of the conversation we had was, I'm doing this for you, but do you want it?