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OMGBFP
LIF Infant
Member since 1/08 217 total posts
Name:
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Message edited 4/20/2008 2:34:05 PM.
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Posted 1/21/08 12:56 PM  |
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Long Island Weddings
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LIBOUND
Texting king
Member since 10/05 5289 total posts
Name:
Suzy
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Re: Would you consider selling your home so...
I actually brought this up to dh, but it was a five second conversation. We know that our home is a long term investment for us all, and we would be doing ourselves more harm than good in selling.
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| Posted 1/21/08 1:01 PM |
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Re: Would you consider selling your home so...
That's a tough call. You have to do what is best for you and your family. No matter what advice people will or can give you, the bottom line is you have to do what will work for you and DH. You have to decide what is going to make you the happiest.
Seek all your options first before selling your house or even considering it. Lay everything out on the table first. Most importantly think it through more than once.
GL!!!
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| Posted 1/21/08 1:02 PM |
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wynter323
Couple more days.
Member since 7/07 1319 total posts
Name:
Jennifer
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Re: Would you consider selling your home so...
I been thinking about buying a house. I know it is better then renting where we are now. I cant wait to move out to get into my own house.
Message edited 1/21/2008 1:04:47 PM.
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| Posted 1/21/08 1:03 PM |
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Kierasmom
I love my kids
Member since 5/05 2885 total posts
Name:
Jenn
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Re: Would you consider selling your home so...
No I wouldn't. I want a house for the kids so that they have a backyard to play in and plenty of room in the house. To me going to an apartment would only be a temporary solution because what do you do when the next child comes along? But then again I am thinking as person who lives on LI and to rent a 2 bedroom would cost almost as much as my mortgage.
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| Posted 1/21/08 1:04 PM |
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mooshyboo
So Blessed!
Member since 11/07 6297 total posts
Name:
Christine
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Re: Would you consider selling your home so...
actually this has been a topic for us at the moment ~ we were inquiring on selling our house but cannot do anything until the market changes... i would sell and do something less (we want to move off of LI) in order for me to stay home this is very important to me and i really don't want to do daycare... 
Message edited 1/21/2008 1:21:05 PM.
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| Posted 1/21/08 1:20 PM |
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aliwnec10
mom of 3 boys
Member since 4/06 11426 total posts
Name:
Ali
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Re: Would you consider selling your home so...
Posted by Kierasmom
No I wouldn't. I want a house for the kids so that they have a backyard to play in and plenty of room in the house.
I would love to not have a mortgage payment, but i love the idea of my kids growing up in the same place... the same house.
Therefore, i would not consider it.
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| Posted 1/21/08 1:23 PM |
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MEWF
LIF Adolescent
Member since 4/07 503 total posts
Name:
M
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Re: Would you consider selling your home so...
yes i would. its a hard decision but being home is important to me and if i had to move in order to do that i would seriously consider it.
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| Posted 1/21/08 1:29 PM |
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clwp
Love my girls!
Member since 10/06 2114 total posts
Name:
mommy
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Re: Would you consider selling your home so...
I would personally not do this. For one thing rent on LI isn't cheap - and with a mortgage you get tax benefits and with a child you get dependent tax benefits. I think in the end that equals out. Also, GFB you ever REALLY need money - you have a house - therefore, you have equity. Real estate in this area really isn't a losing proposition. The benefits of owning a home outweigh the costs. That's how I see it anyway. If anything I'm more open to moving (pending DH got a spectacular job - and I'm not talking a lateral move - it would have to be seriously promotion), but exactly where - we aren't sure. Our biz doesn't have cost of living increases so you make here what you make everywhere else.
Message edited 1/21/2008 2:18:15 PM.
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| Posted 1/21/08 2:18 PM |
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Heather617
My Babies
Member since 5/05 2566 total posts
Name:
Heather
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Re: Would you consider selling your home so...
Personally no I wouldn't. DH and I always wanted a house before we had children. It is important to us to have a big backyard for the kids to play. I would love to have the best of both worlds but both DH and I grew up in apartments and we prefer our children to grow up in a home. Everyone has their own opinion on this and you should definitely do what is best for you. 
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| Posted 1/21/08 2:19 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: Would you consider selling your home so...
Posted by aliwnec10
Posted by Kierasmom
No I wouldn't. I want a house for the kids so that they have a backyard to play in and plenty of room in the house.
I would love to not have a mortgage payment, but i love the idea of my kids growing up in the same place... the same house.
Therefore, i would not consider it.
Ditto
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| Posted 1/21/08 2:20 PM |
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MEWF
LIF Adolescent
Member since 4/07 503 total posts
Name:
M
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Re: Would you consider selling your home so...
the previous post made me wonder if you were planning to rent or buy the apt. if you were renting then i wouldnt do it but if buying my original thoguht is the same. GL whatever you do.
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| Posted 1/21/08 2:20 PM |
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smdl
I love Gary too..on a plate!
Member since 5/06 32461 total posts
Name:
me
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Re: Would you consider selling your home so...
No. I love living in a house but would concider moving to another and be able to do it.
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| Posted 1/21/08 2:23 PM |
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LuvMy2Girls
@>---------
Member since 5/05 11165 total posts
Name:
Mommy
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Re: Would you consider selling your home so...
For me no way, space, yard, room for kiddies to grow and make all the noise they want. Plus the house is a good investment, renting most of the time is not worth it financially.
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| Posted 1/21/08 3:05 PM |
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DmarieK
My loves!!
Member since 1/06 9203 total posts
Name:
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Re: Would you consider selling your home so...
No I wouldn't. In the long run I think owning a home would be best for your family.
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| Posted 1/21/08 3:25 PM |
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CherylWoops
momma's boy
Member since 10/07 1553 total posts
Name:
Cheryl
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Re: Would you consider selling your home so...
It sounds sooo tempting to say goodbye to our ginormous mortgage payment and to stay home in lieu of daycare, but I don't think I could give up the investment we made, the yard for the kids and the dog, the extremely close proximity to DH's job (he walks to work), etc. I would much prefer to stay home, but I can't imagine selling the house to do it.
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| Posted 1/21/08 3:28 PM |
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mcl916
my two loves
Member since 10/06 5133 total posts
Name:
Megan
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Re: Would you consider selling your home so...
No, I would never give up the investment we have in our house. Of course if we were in the position where there would be no way for us to afford it, we would have to consider it. Could you find a P/T job that would help you keep the house as a compromise?
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| Posted 1/21/08 4:12 PM |
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NewlyMrs
Laugh-Live-Love LIFE!
Member since 10/06 14432 total posts
Name:
Jennifer
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Re: Would you consider selling your home so...
not to rent!
Maybe would consider a smaller house, but not to rent!
We rent now, only because we are still searching for the home we love, with a mortgage we love.
Whie I would LOVE to stay at home .... I was crying this past weekend because I feel like such a bad mommy because I am not setting up the nursery I dream of. I would not trade being in a home to rent. Not worth it in my opinion!
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| Posted 1/21/08 4:35 PM |
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OMGBFP
LIF Infant
Member since 1/08 217 total posts
Name:
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Re: Would you consider selling your home so...
Posted by NewlyMrs
not to rent!
Maybe would consider a smaller house, but not to rent!
We rent now, only because we are still searching for the home we love, with a mortgage we love.
Whie I would LOVE to stay at home .... I was crying this past weekend because I feel like such a bad mommy because I am not setting up the nursery I dream of. I would not trade being in a home to rent. Not worth it in my opinion!
I guess we could downsize, but by the time you pay movers, re-paint, buy new furniture, fix what needs fixing, etc, I am not sure it would pay... I was thinking about eliminating our mortgage altogether.
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| Posted 1/21/08 4:44 PM |
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LJSMommy
Love him!
Member since 10/07 3189 total posts
Name:
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Re: Would you consider selling your home so...
No. Not for us.
We very recently had to make the decision to buy his parents house (at a very affordable price mind you) & it needs TONS of work.
Staying here means I have to continue work full time & have childcare.
If we left & rented.....I could work 4 days so at least we'd save $$$$ still.
BUT......the benefits of raising our family in the same town we both grew up in, in home we are rebuilding & making our own, far outway the other stuff. Will I miss being home with my child? Sure I will  .....but when we have a 2nd and a 3rd........we will have room for them!!
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| Posted 1/21/08 4:47 PM |
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DRMom
Two in Blue
Member since 5/05 20223 total posts
Name:
Melissa
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Re: Would you consider selling your home so...
Posted by OMGBFP
Posted by NewlyMrs
not to rent!
Maybe would consider a smaller house, but not to rent!
We rent now, only because we are still searching for the home we love, with a mortgage we love.
Whie I would LOVE to stay at home .... I was crying this past weekend because I feel like such a bad mommy because I am not setting up the nursery I dream of. I would not trade being in a home to rent. Not worth it in my opinion!
I guess we could downsize, but by the time you pay movers, re-paint, buy new furniture, fix what needs fixing, etc, I am not sure it would pay... I was thinking about eliminating our mortgage altogether.
That is why I wouldn't do those things. As AP said I would downsize and take improvements slowly. You can paint for $100 if you don't buy BM paint(I think Consumer Reports rated one of Home Depot's paints equally. Thatw ould give you about 5 yrs until your child is in school to fix up or whatever
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| Posted 1/21/08 4:52 PM |
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JandJ1224
Member since 6/06 5911 total posts
Name:
Jannette
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Re: Would you consider selling your home so...
I think it depends on how much you bought your house for how much you could sell it. If you are making a lot of money than you can take your downpayment and keep it in savings and then just buy when you are ready.
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| Posted 1/21/08 5:15 PM |
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browneyedgirl
family is all that matters
Member since 6/06 6513 total posts
Name:
browneyes
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Re: Would you consider selling your home so...
for me that would never be an option. DH and i insisted that we own a home before having children. we are building equity and have the space to have several kids. although going back to work doesn't thrill me, neither does the thought of going to an apartment from my house.
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| Posted 1/21/08 6:34 PM |
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Liz-LIFamilies
LIF Adolescent
Member since 11/07 605 total posts
Name:
Liz
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Re: Would you consider selling your home so...
I would speak to an accountant. Since your house payment is probably almost a complete tax deduction. You might not really save in the long run. Are there other things you can give up like : eating out, movies, some clothes, etc? This way maybe you can just work part time. Its a hard call.
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| Posted 1/21/08 6:39 PM |
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LadyH
April Baby Girl is Here!
Member since 12/07 1077 total posts
Name:
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Re: Would you consider selling your home so...
Posted by Liz-LIFamilies
I would speak to an accountant. Since your house payment is probably almost a complete tax deduction.
ITA -
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| Posted 1/21/08 6:46 PM |
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