There I said it.
Please read with a sense of humor.
So you know how long Crazy and I have been house shopping. It just seems like our life gets funnier and funnier. So we went to look at some condos this weekend in the ghetto. We really fell in love with a coop in the ghetto that is about a block from our home. This was the view out of the living room. At 1,600 sq ft, I fell in love.

I loved it despite the lovely retro kitchen, gee, where's the Brady bunch when you need em?

Do you love the vinyl flooring? I heard that its making a HUGE come back! Just you wait.
Anyhow, despite all the weird retro look of this property, we were totally on board with putting an offer on this place. I crunched the numbers, and found a comfortable offer that I wanted to put out there. Then when my agent asked me who I was going to be acquiring the loan from, guess what? Most commercial lenders do not lend to coops in California. Oh goodie! Don't worry, I'm getting to the good part.
My agent emailed the listing agent and asked some questions about why this coop had such soaring HOA fees, I mean it, its $800, but the redeeming quality of it, would be that it was affordable and in the school district that we wanted Oliver to go to school in. Anyhow the agent sent us 300 pages of stuff to studiously peruse through. I read some of it and it basically said that we needed to be approved by the board of directors of the coop. There were forms that wanted our financial history for the last two years, wanted us to give them a little bit of insight about us. As we were on the phone discussing the specifics, Crazy asked me, "Do you think they want to meet our dogs?", in horror, I said "Gee, I hope not because we will get DENIED ASAP". Crazy then said, "I can see Chia peeing on the floor in front of everyone and then Kylee barking at everyone and growling". It sent shivers down my spine.
Anyhow we read on and the board wanted our last two years worth of tax returns, wanted to know what we had in investments, what our blood type was (kidding...almost). You know, those extremely invasive questions you only tell your doctor? They wanted us to spill our guts to them, show them financial statements of our last 2 years. After we sent them our paperwork and they agreed, we would have a meet and greet. This is of course AFTER we submitted an offer and that offer was accepted. Then we'd have to deal with getting the board to accept us into their coop. Extremely exclusive, cause you know, you don't want to let in ghetto trash in the ghetto.
So the topper of course was today's phone conversations that I had with 2 lenders. These were lenders that have lent to that coop in the past. So the first conversation went a little like this:
Banker: What do you have as a down payment?
Crazy's baby mama: I'm hoping to offer 8% less than asking price so I will have 20% as my down payment.
Banker: What will you have in assets after your downpayment?
Crazy's babymama: Hm...not a whole lot....
Banker: Well, I'm sorry, we would like you to have at least 6-12 months of the mortgage payment in cash in the bank at the time of escrow.
Crazy's baby mama: Well, thanks for making me feel like a million bucks, really.
Now lets discuss the situation above. Who the heck has anything left after plopping down 20% in a down payment? How will I pay for my mortgage after I buy a property if I don't have a year's worth of mortgage payments in my bank account after I purchase? Has anyone heard of a job? Yes, apparently Crazy and I are gainfully employed and they do send these weird pieces of mail to us a few times a month with numbers on them. Our mortgage and HOA payment will be 30% of our net monthly incomes, but I guess that means NOTHING to the lender. Thanks for playing Crazy Family, but you can't buy in the ghetto. Silly ghetto kids, who do they think they are trying to BUY in the ghetto?
Okay, here's the second conversation.
Crazy's baby mama: Hello Banker #2, I'm a bit perplexed as to why you called me back, cause we just learned that we are poor ghetto kids from Banker #1.
Banker #2: Well, you don't need a year's worth of mortgage payments in the bank, we'll give you credit for it, however what is your net worth?
Crazy's baby mama: I'm not quite sure I can even quantify what my net worth is. We own a used car? Our investment account will be gone after the down payment is made...so we are worth nothing?
Banker #2: Well, the property you've chosen requires that you have a net worth of at least the value of the property...let me call the president of the board and get back to you on that....
Crazy's baby mama: Well...I thought we were ahead with having the 20% to put down on a mortgage loan, but we'll have virtually nothing except a few nickels in our retirement accounts...
Banker #2: I'll call you back after I speak to the president of the board...
I never got a call back. I'm not surprised.
Moral of the story is, that forces beyond our control are keeping us in the ghetto. Not just any ghetto, the most famous ghetto of them all. You watch the news, you'll quickly figure out what ghetto I'm talking about.
I'm having a mimosa tonight. I just can't believe that after a full year of house hunting, we've come up empty handed. I just can't shake the feeling that the reason is that we should never become home owners.