(Closed) Deciding where to live

posted 10 years ago in Home
Post # 3
Member
375 posts
Helper bee
  • Wedding: February 2018

We have the same issue because we both own houses. Ultimately, we decided to live in mine because my mortage is less expensive and my place is larger. It is also in an upcoming neighborhood, so we think we can get more out of mine by holding it awhile. Does your FI own a place? Would you consider selling yours and using the profit as a downpayment on a home you would buy together? We are also considering that option. Or, as you mentioned, it might be nice to rent your place out and have extra income if you buy a new placel you could consider listing your place for rent/for sale at the same time to see what you could really get from a renter (and see if it is enough to make that option worthwhile. Happy home making!! 🙂

Post # 4
Member
2293 posts
Buzzing bee
  • Wedding: July 2008

We will be living in my house.  Its bigger, newer, nicer, and in a better part of town than his.  Also I have only had it two years, and financially it is pretty disadvantageous to sell after only that long.  (He has had his longer.)  Of course, I bought this house after we were dating, and he helped me with house hunting, so he likes it a lot too.  And there isn’t any weird history involved (e.g., I didn’t live here with any former boyfriends or anything like that). 

We are selling his house.  We thought about renting. I don’t know what the market is like where you are, but mortgage rates are so low that it is actually pretty hard to rent a place in most markets right now (people can buy as easy as they can rent).  Also we just don’t want to deal with the work involved.  My parents have rental houses, and there is always somebody’s oven element going out on Christmas Eve day; pipes freezing; air conditioner going out – it is a considerable investment in time to be a landlord.  And you still have to pay for everything that breaks – a lot of the time faster than you might if it was your own house, or you end up with unhappy tenants trashing the place.

Post # 5
Member
629 posts
Busy bee
  • Wedding: July 2005

I moved into his apartment before the wedding, but it wasn’t until we found a place together that if really felt like ours.

Post # 6
Member
179 posts
Blushing bee
  • Wedding: August 2008

FI is buying a house this month – and I already own a house.  So we’ll live in separate houses once we’re married (we currently live together).  His job is about 45 minutes away from our current house and he was tired of the commute – I work in the opposite direction.

I think we’ll end up with him at my place 3 nights a week – and his house is in a more "fun" area so we’ll probably spend weekends there. 

 

Post # 7
Member
1458 posts
Bumble bee
  • Wedding: August 2008

Well due to the market – we’re in our home and staying here for a while. A few more fixer up things to do and we’ll put her on the market. We plan to stay in our area for schools and things for my daughter.

Due to custody stuff with my daughters dad, where I live is pretty much here or when he lives and I’;m not moving back to the town I lived in with him – is so small you can spit and hit the other side of town easy!

 

Post # 8
Member
193 posts
Blushing bee
  • Wedding: December 1969

This is a tough one for us… I own a house with my mom (although my name is the only one on the mortgage) and FI currently rents.  We want to live in his neighborhood instead of mine because it’s nicer, but I can’t sell my house because my mom lives in it.  And we can’t really afford a house/condo/townhome in South OC quite yet.  We might just rent a one-bedroom after we get married until we can afford our own place.

Post # 9
Member
383 posts
Helper bee
  • Wedding: December 1969

gosh im "glad" im not the only one with this dilemma…

right now he lives in SoCal and i live in NorCal (and hating it i’d like to add)  it would be "easier" if he just moved into my house b/c my mortgage is manageable on my income alone and we can save his income…

but i hate northern california – it seems so backwards compared to LA – well i shouldnt say i hate it -but it’s not for me… 

i miss living in SoCal and being one mile from the beach etc…  and my neighbor’s hosue (he recently revamped it and has a pool, waterfall and updated everything) has been on the market for a little over 6 months with no takers, so im a little hesitant about putting mine up – and if we were to buy anything in SoCal, it would have to be contingent on this house selling first – b/c i just dont have $500K in my back pocket for the downpayment… i mustve dropped it on my way to 7-11 last nite…

so we’ve been tossing around the idea of hiring a prop mgr to take care of this house and me move back to LA and just rent but be super happy living where we love versus having a house, but not really diggin where we live…

Good Luck Everyone!!

Post # 10
Member
2293 posts
Buzzing bee
  • Wedding: July 2008

I have a good friend who always says that life is too short to live anywhere you wouldn’t go on vacation.  He has lived in some very cool places.

I am really happy we are staying in my house – its a great location, and has a fabulous backyard – a big deck, wonderful gardens, and a fishpond.  Its like a park.  Unfortunately it also means I am losing all my closet space.

Post # 11
Member
59 posts
Worker bee

suzanoo–I love that philosophy! I generally espouse the same idea, but rarely walk the talk. Sometimes it seems like "real life" gets in the way (though really, that’s just code for other priorities, right?)

Post # 12
Member
402 posts
Helper bee
  • Wedding: November 2008

you know…we just talked about this last week…and then the subject came up again the other day.

 FH moved to Pittsburgh for a job….i helped him scout out a place. it was a looong process to find something that he could afford but I loved since we selected his current apartment based upon me moving into it eventually. bc he didnt want to move twice.

 well….it was only after we fell in love with the place and slapped down a deposit did it cross my mind to find out if they take pets.

they dont.

we aren’t quite sure what to do. its a highrise…and he’s noticed that there are a couple of dogs on his floor. not sure if they were snuck in or if he has the not pet thing in his lease bc his apartment was recently renovated.

Overall, we love his neighborhood and the proximity it is to his job. he could also cover the rent by himself if it takes me a awhile to find a job. we just aren’t sure if we should chance sneaking in our shih tzu (he’s nto a barker) or finding another place in the area.

so we aren’t sure yet either.

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