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Ewww that sucks! I hope you guys can find something soon! Maybe you can look a little further out than you have been, and get some luck there?
@Amaryllis:I understand 100% where you are coming from! We live in a apartment & its in town (a small town, but in town.) Its the cheapest one we could find. Its a very older apartment but kept up. Or we would have passed. Either way we have TWO colleges within 10 minutes of us. So the rent has been jacked up really high in the last few years! We could be paying for a house with our rent money, very true. But we want to build our credit up first & then buy. Hoping within the next two years! How much longer of a wait are you two looking at?
EDIT: Also due to the colleges hardly ANY apartments was available when we started looking. Also it was VERY hard to find anyone who would allow pets!
@Mrs.Estep: We have already started saving for a down payment, and I feel good about where we are at. If DH gets a job that he just applied for, we could look to buy by next fall! I have honestly already had the thought that we should just buy some fixer upper right now, save ourselves the rent money, and then rent it out for college housing when we do buy a more permanent place of our own. I'm talking like a $300 mortgage payment on some of these places. It sure wouldn't be luxury, but it would make sense. And yet it seems totally crazy, too.
@MrsSl82be: When I say we're rural, I mean outside of town there are acres and acres of farm land. There really isn't availability. We're willing to move a few towns over, but since I have an hour and half commute to grad school the way it is, we can only move west. Any further east, north, or south would make my commute unbearable, really.
@Amaryllis: That's amazing!!!!!!!! See hubby & I don't have bad credit. We just don't have enough credit to get a big enough loan without a co signer & that's something we don't want to have to do or ask for. We also don't have credit cards. We only use debit. So we are going to get small things, like from different stores & do monthy payments to help build it up. I would LOVE to find something for rent to own! I think that's a great idea! Would make you guys extra money later on down the road to rent it out! So exciting-- Crossing fingers for the new job for your hubby! :-)
It sounds like you live in the same area I live, haha. The university is building new housing for students, but rent is sky high in town...even in the maintained apt. complexes. We have a house now, but during our renting days it was crazy. Our rent was almost the same as our mortgage is now, and we only had a 1 bedroom apt then, a 4 bedroom house now! It's NUTS!
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We're looking for a place to live. It's hard to stomach that we could pay cheaper mortgage + taxes than rent, but we're not ready to buy. The price of rent is a crime, especially since we live in a rural area. I expect these sorts of costs in a more suburban/urban area, but a lot of these places are just old houses that have been turned into apartments. Not even nicely maintained complexes or anything. And the few I have contacted have had poor communication. All around frustrating. There is a small state university not far from here, and there is all this nice new construction for the students but it's hard to find a decent apartment as a regular townsperson! And don't even get me started on pet policies. I have known quite a few very poorly behaved (and LOUD) dogs under 25 lbs, but my spayed, exceptionally well trained, lab who does not bark gets turned away.
Between the limited availability, no pets, and the ridiculous prices, we'll be stuck living with my in-laws until we do buy a house. Sigh.