Maybe it's just a bad day, or I really did make a bad decision in buying this house. Some bureacrats voted on a HUGE tax increase, so my payment is now MORE THAN MY RENT IN NYC. Now, that's just nuts. I'm sorry. For this dump? In this 'hood? (Someone stole my fucking flowerpots--flowers and all--while I was away on vacation.) I'm often tempted to move back to NYC (I know, I know, how I tease!), and this is just one more kick in the hotpants. I can't afford to live in a crappy, ghetto shack in a supposedly cheap, relatively unsophisticated city, but I can afford rent in Brooklyn? Fuggghedaboudit.
There's a real catch-22 situation here: I can't afford my new mortgage payment (based solely on tax increases), which I could afford (it would be better, at least), if I didn't have to pay a PMI every month, but I can't wipe that off until I finish the renovation -- which, of course, takes money. If I sold now, no doubt, I'd lose money. Maybe I should fix it up, rent it out to college kids or a couple, and set up shop somewhere else? (Oh, but everything else here, just about, is so good...)