FIRST PERSON | Lucy Gray
AUGUST 2013: I take our younger son, Zachary, to New York, where he will be a freshman in college. While I’m there my husband, David, calls to tell me we must sell our house. I promise to have this accomplished by October 1.
This may sound rash, but on our block of Pacific Heights, houses regularly sell before going on the market. One house sold in half a day. Nothing seems to last more than a week. This was true all through the financial crisis. Prices for homes in our area kept steadily increasing. I bet on this three years earlier, taking the last of our line of credit and renovating the kitchen and reshaping the interior to create two new bathrooms and a bedroom. It was frightening to the core to spend that money. But one reason we bought the house in 1994 was to improve it.
I am still hoping we’ll find a way out of selling. David and I love living here — even more after the improvements. We both work freelance — he a writer and I a photographer — which is another way of saying we practice the art of the long shot. Still, we both work every day as many hours as we have in us and have taken maybe four vacations since our children were born. Every time we went to Europe. A friend suggested we could go away more if we lowered our expectations.
Of course that could also be applied to our buying a home. Perhaps instead of settling in San Francisco we should have moved to a place with great public schools. Or maybe it would have been smarter to sell when we lost our sons’ college fund in one month during the tech bubble. We were still strong earners when our older son, Nicholas, got into the University of Chicago and they told us we made too much for financial aid, while banks told us we didn’t make enough to refinance.
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