100m2 is the latest figure in my life. It describes the amount of space I have just acquired in exchange for signing a contract saying I’ll be paying a bank for the next 20 years. As of today, therefore, I am in debt. The logic is the following: Peter owns an apartment, and the bank owns Peter.
It marks yet another changing point in my life. Just 15 months ago, I was a student, and from one day to the next, I started working for a law firm. 10 months later, I was signing the first of several documents that would ultimately lead to this day, when I actually own real estate.
I think it’s fair to say that I’ve been extremely lucky in life thus far:
- I have a job (a few people I know have been looking for one for several months)
- I really enjoy my job (several people I know don’t enjoy theirs as much or actually dislike it)
- My job pays well (some I know are paid close to minimum wage)
- I was able to buy a flat (not all those with only one year of work behind them get bank funding)
- I think said flat suits me, and I see real potential in it [i.e. for when I’ll actually have furniture in it]
My great-uncle often says that it’s all about being the right person in the right place and at the right time, but I’ve never been sure I’m the right person. What I do know is that I’ve been extremely fortunate, and have my family to thank for that in great part.
Of course, there’s always the risk that the wind might change direction. If my luck turns for the worse, I could be left with a massive debt that would force me to sell the flat. The problem with that kind of thinking is that it would make me gloomy and fearful of tomorrow.
Instead, therefore, I’ll keep on believing that, while possibly premature and potentially very brash, my move to buy was the right one. After all, it gives you a boost in self-confidence, and having the right dosage of that allows you to do pretty much anything.