not sure if we should buy or continue renting

posted 3 years ago in Home
Post # 3
Member
6026 posts
Bee Keeper
  • Wedding: October 2014

There’s no way I’d sign on for an hour and a half commute. I’d keep renting and see where my career takes me. That’s three hours round trip or basically half of your daily quality free time. Totally not a good work/life balance. You’ll end up resenting the house or the job or both.

Post # 4
Hostess
24457 posts
Honey Beekeeper
  • Wedding: June 2009

Honestly, I would not buy now.  The increase in commute and the increased costs wouldn’t be worth it to me. 

Post # 5
Member
391 posts
Helper bee
  • Wedding: July 2013

Hey wedding date twin!

I think that number wise it seems to make more sense to keep renting.  However, you have to decide if you are happy to stay in the city or really would be happier living in the suburbs, and worth the extra $1100 per month.  A lot of people have a knee-jerk reaction that they don’t want to have kids in the city.  How do you feel about that? Would you still be able to become a SAHM if you moved to the suburbs or is that only a reality if you stay in the city?

My initial thought was that an hour 35 minute commute seems pretty bad, however, if it’s on the train that makes it a lot more doable.  Your husband might be able to get work done on the train- how does he deal with his commute now? If he feels that 35 minutes is long then obviously adding another hour might make it feel unsustainable for him.

Is the cash loan for just the downpayment or the entire house purchase price? Because if the latter is the case, you still will be effected by rising interest rates, but I don’t think that’s enough of a problem to base your decision on.  I don’t think that rates are going to skyrocket anytime soon.

 

Post # 6
Member
11772 posts
Sugar Beekeeper
  • Wedding: May 2013

I’ve had a commute that was over an hour before. It was HORRIBLE. Within a year, I hated my job because of the commute!

Post # 7
Member
9529 posts
Buzzing Beekeeper
  • Wedding: August 2013

I wouldn/’t buy. An hour and a half commute would suck. A lot. A whole lot. Plus, why move close to your job/far from his if you’re going to be a SAHM?

Post # 9
Member
5682 posts
Bee Keeper
  • Wedding: May 2011

Having had that commute, there is no way I would sign up for it again. My commute now is about an hour (to NYC) and 30 minutes each way has made a huuuuge difference.

Post # 10
Member
9529 posts
Buzzing Beekeeper
  • Wedding: August 2013

I guess it just comes down to priorities. If there are 24 hours in a day. 8 for sleep, 10 for work (I’m not ure how much overtime he typically works) and 3 hours for commuting, then you have 3 hours to shower, shave, eat, deal with the house, visit with wife/kids and generally live your life. That would be really tough for me, but if that’s something that you’re used to, then it may work for you. I did train an hour and 15 minute train commute  when I lived in Boston for a summer and while it was better than car commuting, I just lost my entire day. I never had time to cook or go to the grocery. So I really value a short commute. Honestly, I’d sooner stay in the city than have that commute  But that’s me. I commpletely understand that many other people would prefer the burbs and the commute. Has your husband worked with that kind of commmute before? If he’s okay with it, then I hope it works out for the house!

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