I think I'm a tool junkie. Why you may ask? Well I'll tell you.
Recently I bought shop...........and a house came with it I'm told. This shop is 1700 square foot with a 2 post lift. I had a 3 bed 2000 square foot house I was renting with a 2-1/2 car garage. Great you say you bought a place with a killer shop. Well now the bad part. It's 54 miles one way to work, 108 miles per day round trip.
Awhile back I bought a Trailblazer SS with a 400 horse engine I love it, but I'm making payments on it. When I was 9 miles form work it was just fine at 14 mpg, now that I'm 104 miles per day it got expensive quickly and it runs on premium fuel only.
So, can't afford to feed the SS so I bought a puddle jumper for $3k that gets 31 mpg while the SS sits and making payments on it.
Am I a fool or a tool junkie for buying the place? I just made my first house payment, I am disappointment at how little of it went to principle. But, in 7 years I paid $105k in rent, at least I'm building some equity now.
I wish I could creat a poll, am I a fool or junkie??? You decide.