Could you/have you moved from a gorgeous house to a 2 bedroom unit?
We rent a gorgeous 3 bedroom cedar house atm with a nice outdoor area with beautiful gardens, it also backs onto the bush with a view of all of the valley below and surrounding us. Its peaceful, quiet, not crammed up against the neighbours, we have tons of birds and even a wallaby that drinks from a stream that runs down the side of our property. But, we don't own it, are terrified of scratching the floorboards, worried that its going to fall to bits because we don't know how to take care of it, it takes forever to clean and the outdoor area seems to be an absolutely mammoth task for DH to keep looking nice.
The owners are working in new york for a couple of years, and one of our neighbours told us today that he saw on their Facebook page that they are returning to Australia soon (didn't tell us when though). DF then decided that we should move into a cheap unit until we buy somewhere in the next 9-12 months. I can see some positives, but also some big negatives, such as having to live in a small unit with 2 small children!! We all sleep in the same room, so i am not too worried about it only being 2 bedrooms and i would be quite happy to downsize my life and get rid of all of the 'stuff' we have hanging around. One of the places we are looking at has an outdoor pool with BBQ area which could be great for summer, and i would love to be able to clean the whole apartment in an hour or two! So could you/have you done it? I figure its the short term only, DF says to look at it like its a holiday... I would say yes absolutely if we were able to buy it and keep it as an investment to rent out after 6-12 months of living there, but with not quite 10% deposit i don't think we could get anyone to lend us the money, and i am not back at work till the end of Feb so we really couldn't boost our deposit until then.
Also, we aren't sure if we are under a lease, can anyone help us out? When our 12 month lease ran out in June the real estate sent us an email asking if we were going to sign another lease. We replied that we would think about it and get back to them, and then when the real estate changed to a new agency (the old one sold their business) we emailed the new agency with a list of outstanding requests including that we wished to sign a lease for another 12 months. They followed up one item on the email, but nothing else, or acknowledged our request to sign a new lease. We are a bit worried that as we haven't done anything formal the owners can return to australia and kick us out at any time with minimal notice? Or, that if we do find somewhere we want to move to that we are actually under a lease with our current house.