Tuesday, June 3, 2008
Making lemonade :-)
I have always loved lemonade! I don't know if it's the contrasting taste of sour and sweet or the refreshing cool it injects into my body on a hot day. There's just something so wonderful about lemonade!
I'm sure everyone has heard that cheezy cliché about "making lemonade out of lemons." Apparently this saying is meant to inspire all of us to take a bad situation, add a little sugar and turn it into a wonderfully refreshing experience. Well, I know this sounds cheezy but that's what I'm doing...
It all started a little over a year ago when I decided to purchase a beautiful condo in a high-rise building in Central Phoenix. It seemed like a great idea...close to work, in the middle of all the action, and a view to die for. The special incentives were great and a new light-rail project was sure to be a boon to property values in the area. The financing went smoothly (thanks to stated-income) and everything seemed perfect!
Well, to make a long story short, the decision to buy this property has led to my most challenging financial dilemma since I was welcomed to the world by that friendly doctor at Utah Valley Hospital! The building (which was supposedly completely remodeled by a developer) has a lot of very expensive problems which have been passed on to the homeowners. My HOA dues are now in excess of $500/month!!!! And that is not taking into account "special assessments" for broken pipes and deteriorating infrastructure. Yikes! Anyone who knows me well realizes that I am not a millionaire who can afford to fork over thousands of dollars to a home owners association.
So, after a lot of thinking (and about three months on prozak...j/k) I have decided to graciously gift this property to it's rightful owner--the bank. That's right, I will be foreclosing on this condo and it breaks my heart but the purpose of this blog is to show how I plan on making lemonade out of these lemons in life.
Many of you may know that I have always dreamed of owning my own furniture business. Something about interior design and furnishings intrigues me. I'm sure I got it from my Mom! Anyway, with the HUGE expense of this condo out of the way I will finally have the freedom to follow my dream. I am going to design and manufacture chic, eco-friendly home furnishings and interior decor items! I will attempt to use items that we normally throw away and make them look like something other than trash. I'm so excited to get started!
So, I quit my job at WaMu and I'm off to start a new adventure! To start off I am going to spend a couple of months in Central America to volunteer with Books for a Better World and draw inspiration from the local craftsmen down there. When I come back (in Aug.) I will work my brains off to get this new business off the ground. Wish me luck!
I cannot express how blessed I feel to have the ability to see past the bleak experience of loosing my condo to a bright, hopeful future. So next time you sip on a glass of lemonade remember that Allen is somewhere on the Western Hemisphere making the best of a bad situation.
Posted by Allen Beach