Wednesday, September 02, 2009

Selling my soul?

I have a feeling that the work to get this house will consume a great deal of my energy and ranting until it is final and I move in.

Right now I am considering how I am going to come up with the down payment. The frustrating part is that I have enough credit to cover it without coming near my credit limit, but the bank will not allow me to borrow money to borrow money. I am also aware of the first time buyers credit that would pay off that credit card with plenty left over. Once I am in the house. We are also starting PFP, which means quarterly bonuses for me if our warehouse does well.

what I am saying is that I'll look great financially in about 6 months. grr.

The Cookie Thief offered me a no interest loan for the amount I need. the temptation is there to take him up on his offer. There are a few hiccups in this deal.

First, I don't like to borrow from individuals especially family and friends. I worry that it would cause strain on the relationship. Coworkers is even worse. I fear the shadow it could cast over our heads.

Secondly, The Cookie Thief drives me nuts about 25% of the time. If I were indebted to him, I wouldn't feel free to be cranky at him when he is driving me nuts. Which is really where the whole "selling my soul" thing comes in. I would feel like I had to be nice all the time because of the great kindness he is offering me. I know I should be nice all the time anyway, but sometimes, I just can't because sometimes he's just out to be annoying.

If this is the solution that the universe is offering, I would be a fool to refuse it. Quandries. You know I hate 'em.


Chickie said...

Oh, that's a toughie. I'd avoid borrowing from the Cookie Thief if possible. The having to be nice might make your head pop.

Sensei said...

From the Bible, (Old Testament) Proverbs 22:7
"The rich rule over the poor, and the borrower is servant to the lender."

Borrowing from friends will soon make them your enemies. - Confucius (according to a book I read as a kid)

Based on saged wisdom far greater than mine, I recommend you not borrow from someone yuou know...interest-free. Yes, their heart is right, but it will cause contentions or expectations that are not realized at the transaction time.

To honor his generosity, and to avoid offending him, explain the concern, and accept an agreement that if for some reason, you cannot make a payment on time, you can come to him for a short term loan to make the payment until you get paid.

Ginamonster said...

it turned out to be a moot point. he didn't have it to lend after all, which, was kind of a relief. And yes Sensei, i agree about the interest free part. I would like to think of it as an investment even if the return isn't exceptionally high.