Talk me down Bees…

posted 3 years ago in Home
Post # 2
Member
1893 posts
Buzzing bee
  • Wedding: September 2014 - Dallas, TX

FutureMrsJohnson_:  I know this seems like the perfect house now, but I promise there will be other great houses when you can afford it and don’t have to stress yourself out! You should not buy a house if you even have to think about asking your dad to cosign for you. I know it’s hard when you see the right thing at the wrong time, and I’ve made the mistake of jumping too early and regretting it. Wait for the right time 🙂

Post # 4
Member
1893 posts
Buzzing bee
  • Wedding: September 2014 - Dallas, TX

FutureMrsJohnson_:  I do know how you feel. I’m 26 and FI and I probably won’t buy a house until we’re 30 because he won’t be done with hs PhD until then. It’s really stressful and overwhelming to think about not having a house until we’re that old, but I’m just trying to take it one day at a time and remember the perks of not being a home owner.

Post # 5
Member
913 posts
Busy bee
  • Wedding: November 2014 - 11/15/14-Vineyard

If you have a place to live now (and you do) and you are about to be married (as you have a FI), and you can’t afford it on your own (you said you would need a cosigner and roommates)…3 huge points…why the hell are you even thinking about it? lol

Wait, do not even contemplate this. I know there are points in our lives, where we all want bigger and better but think about everything else going on right now. Wouldn’t you want to wait for a while, get married and then You and FI TOGETHER find a place. The townhouse is yours. Wait until after you are married and have him help select your new house together. Not you finding it and you doing the legwork. You are suppose to be a couple. That means making HUGE life decisions TOGETHER. I see nothing but bad things coming from this if you move forward.  Good things come to those who wait. 

Post # 6
Member
9528 posts
Buzzing Beekeeper
  • Wedding: August 2013

I totally get it! My husband had applied for a residency in my hometown and we had decided that if he got in we would buy a house there and I would move once I could get a job. So we started looking in our preffered neighborhoods and found some really awesome houses. it was very exciting and I was all excited about moving back to my hometown. And then he didn’t get the residency. I was really bummed. And zillow keeps sending me these houses – I have to delete them right away or I get all cuaght up in looking at houses again! So I say try to just not look at houses until you’re more in a position to buy! Easier said than done, I know. But there will be houses avilable when you’re ready!

Post # 7
Member
728 posts
Busy bee
  • Wedding: July 2013

DH and I do this all the time. A few months ago we were looking at houses just for fun and found a house that seemed perfect for us. Our mortgage would be higher, but manageable. The only problem was our house is no where near ready to sell and we definitely can’t afford 2 houses. Witha baby on the way and no time to get our house fixed up, we decided to stop looking at houses and let that one go. It really was the responsible thing to do. 

Post # 8
Member
176 posts
Blushing bee

Oh man you have the same disease I do. Zillow-itis. My ex-finance did something similiar to what you are describing. It was back before the crash and everyone thought they were getting rich on real estate. He had his parents cosign for a huge, old fixer upper. Then rented out THREE bedrooms to roomies and then remodeled the basement to live in. Let me tell, it is one thing to have roomates in a rental, but it is a different ball of wax, when it is in YOUR house. Ugggh, I strongly urge you to wait.

I also bought a townhome before the bubble burst. It was an absurd loan and required my mom to cosign. It turned out ok and I finally just sold it, but it has been a source of anxiety to me this whole time. Please, please wait until you can EASILY get into your home and don’t force it when you are really ready : )

Leave a comment


Sent weekly. You may unsubscribe at any time.

Find Amazing Vendors