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mommy2bella
Where does time go?
Member since 12/05 9747 total posts
Name:
Kelly
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Being housepoor?
Is it worth it? We were going to wait to buy a house, but we have come across a great house with a ton of property in the neighborhood that is move-in condition...
The seller is motivated because he is moving to Cali...
But our mortgage will be 
I am starting a new job freelancing in January and we can swing it, IF I stay working it will be no problem. If I have work only for the 6 months I am guaranteed, it will be TIGHT...
I grew up with nothing and penny-pinching wasn't the word for what my childhood was like...I never want my DD to feel like we don't have money.
I am scared.
Give me some advice...pretty please
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Posted 11/2/06 12:11 PM  |
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MABLE03
I <3 SATC
Member since 6/06 4563 total posts
Name:
Fabulous
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Re: Being housepoor?
I would probably go for it. Home ownership is very important and this sounds like a great opportunity.
If it turns out you only have work for 6 months can you pick up something else for the other 6 months to help out? baby sitting, bartending, waitress, etc
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| Posted 11/2/06 12:14 PM |
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mommy2bella
Where does time go?
Member since 12/05 9747 total posts
Name:
Kelly
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Re: Being housepoor?
Posted by MABLE03
I would probably go for it. Home ownership is very important and this sounds like a great opportunity.
If it turns out you only have work for 6 months can you pick up something else for the other 6 months to help out? baby sitting, bartending, waitress, etc
I would...I just can't leave my industry for long. You are only as good as your last gig, ya know. I am even thinking about seeing if SIL would watch my DD for 2 days a week...and I do not like her at all...
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| Posted 11/2/06 12:17 PM |
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june262004
But I love the Snow!
Member since 5/05 15379 total posts
Name:
Kristin
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Re: Being housepoor?
Well we definetly penny pinch right now... BUT I think it is so WORTH it!  
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| Posted 11/2/06 12:18 PM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: Being housepoor?
we are going to be housepoor as well.
but we both live at home right now - and we would rather not move out to rent an apartment for just a few years.
it will be tight for the first year or two, but we think its worth it.
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| Posted 11/2/06 12:19 PM |
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LIMOMx2
...
Member since 5/05 24989 total posts
Name:
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Re: Being housepoor?
Posted by june262004
Well we definetly penny pinch right now... BUT I think it is so WORTH it!
so do we and I wouldn't change our situation at all.
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| Posted 11/2/06 12:22 PM |
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Marcie
Complete Happiness :)
Member since 5/05 27789 total posts
Name:
LOVE being a Mommy!
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Re: Being housepoor?
We will be - I don't work
and my DH does - our payments are
I am very scared - but if we don't buy now we never will.
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| Posted 11/2/06 12:24 PM |
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mommy2bella
Where does time go?
Member since 12/05 9747 total posts
Name:
Kelly
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Re: Being housepoor?
I guess it's the actual "taking the plunge" that scares me. Nothing like quitting your job and buying a house in the same month 
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| Posted 11/2/06 12:25 PM |
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~Colleen~
my loves...
Member since 5/05 9129 total posts
Name:
guess
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Re: Being housepoor?
I know it's cliche and everyone says it, but you manage. After you get over the initial shock, you make it work.
Someone once said to me it's "house rich, life poor"  You make sacrifices for your home...and it's worth it.
Good luck!
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| Posted 11/2/06 12:25 PM |
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Re: Being housepoor?
I think most people who are starting out are in this situation. Everyone I know with a house is living paycheck to paycheck. LIke someone else said, you make it work. Good luck!
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| Posted 11/2/06 12:30 PM |
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mommy2bella
Where does time go?
Member since 12/05 9747 total posts
Name:
Kelly
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Re: Being housepoor?
So my DH put an offer in and we got it. I think I am going to throw up a little....
This is moving soooooo fast!
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| Posted 11/2/06 12:34 PM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: Being housepoor?
Posted by mommy2bellabean
So my DH put an offer in and we got it. I think I am going to throw up a little....
This is moving soooooo fast!
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| Posted 11/2/06 12:35 PM |
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mrsv
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Member since 7/06 2969 total posts
Name:
lol
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Re: Being housepoor?
Posted by 5ofClubs
Posted by june262004
Well we definetly penny pinch right now... BUT I think it is so WORTH it!
so do we and I wouldn't change our situation at all.
I agree, same here.
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| Posted 11/2/06 12:36 PM |
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nixy
LIF Adult
Member since 9/06 1575 total posts
Name:
K
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Re: Being housepoor?
congrats! 
Message edited 11/2/2006 12:39:00 PM.
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| Posted 11/2/06 12:37 PM |
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Marcie
Complete Happiness :)
Member since 5/05 27789 total posts
Name:
LOVE being a Mommy!
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Re: Being housepoor?
Posted by mommy2bellabean
So my DH put an offer in and we got it. I think I am going to throw up a little....
This is moving soooooo fast!
omg!!
congrats!!!!
that happen with us too - we looked at it on a saturday - by monday an offer was made - in 10 minutes we settled on a price I still feel sick 
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| Posted 11/2/06 12:37 PM |
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mommy2bella
Where does time go?
Member since 12/05 9747 total posts
Name:
Kelly
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Re: Being housepoor?
I am just really scared now...holy crap! And this guy wants to know when we want to move IN!!
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| Posted 11/2/06 12:38 PM |
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MABLE03
I <3 SATC
Member since 6/06 4563 total posts
Name:
Fabulous
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Re: Being housepoor?
Congratulations!! you are doing the right thing!  
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| Posted 11/2/06 12:54 PM |
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june262004
But I love the Snow!
Member since 5/05 15379 total posts
Name:
Kristin
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Re: Being housepoor?
OMG congratulations!!!!!!!!!
We looked at an open house put an offer in there and it was accepted that day!
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| Posted 11/2/06 1:01 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Being housepoor?
holy crap! congrats!
I think they way you feel is normal!
where is the house?
I want pics!
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| Posted 11/2/06 1:17 PM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: Being housepoor?
Posted by mommy2bellabean
I guess it's the actual "taking the plunge" that scares me. Nothing like quitting your job and buying a house in the same month
I did this. I quit a job with no other job and I was closing on my house. Talk about stress.
We had $10K left in the bank when all was said and done.
But now we have more than that, we have good jobs that pay pretty well and the end result is that we are happy we did it. We ended up buying another property too so once you take the plunge and you see it's not that bad and things work out, you will be fine.
It always looks scarier on paper.
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| Posted 11/2/06 1:20 PM |
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bikramaddict
mommy-to-be
Member since 8/06 4376 total posts
Name:
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Re: Being housepoor?
I'll be house po' too. It's worth it though, IMO, especially if you get a fixed rate mortgage. That way, your payments will always stay the same but your salary will (likely) go up. Eventually, the mortgage becomes more and more affordable.
Plus, it's a great investment. Probably the best you can make (again, JMO)
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| Posted 11/2/06 1:22 PM |
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danielleandscott
My new 71 Super Beetle
Member since 5/05 13476 total posts
Name:
Scott
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Re: Being housepoor?
Danielle was totally stressed while we were going through the process....but now that we are home owners, and we have been here for a year already - we can honestly say it hasnt been that bad...Yeah some months were tight, but all in all it was good and it is sooo worth it to own your own house
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| Posted 11/2/06 1:27 PM |
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LuckySV
LIF Adult
Member since 10/05 4675 total posts
Name:
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Re: Being housepoor?
Posted by danielleandscott
Danielle was totally stressed while we were going through the process....but now that we are home owners, and we have been here for a year already - we can honestly say it hasnt been that bad...Yeah some months were tight, but all in all it was good and it is sooo worth it to own your own house
Same here. I was SO stressed about it but we've been in the house for a year and a half and we've been doing fine! Another cliche but it really does all work out.
Congrats on the house!!
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| Posted 11/2/06 1:31 PM |
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Stefanie
♥
Member since 5/05 23599 total posts
Name:
Stefanie
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Re: Being housepoor?
Kel...I know how you feel. I'm not working but Rob is (obviously). We put a bid in for a house a week ago and got it. We are signing the contract tomorrow and putting down 20,000. I'm just sooo nervous about getting by. I know that I need to work, tutor or watch other people's kids...something to make some money.
I can't believe how fast things are going too!! It's scary...but now is the time to do it. It's a buyer's market!!!
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| Posted 11/2/06 1:32 PM |
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MrsFlatbread
Skinny jeans are in my future
Member since 6/06 10258 total posts
Name:
Baby Momma
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Re: Being housepoor?
I am not interested in being house poor. My husband and I like to shop , go out to dinner and travel. This is something that we discussed and we will not compromise on. So with that said, everyone's priorities are different. For you, it sounds like you would be able to live with your decision. Congrats! And good luck with the new house!
Message edited 11/2/2006 1:33:55 PM.
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| Posted 11/2/06 1:33 PM |
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