What would you do (I might need a reality check)

posted 3 years ago in TTC
  • poll: What would you do in my situation?
    Get a cute/safe condo sooner and start trying for kids in the next 6-8 months : (63 votes)
    80 %
    Wait a couple years until you can afford something closer to the dream, and start trying then : (13 votes)
    16 %
    Other (explain) : (3 votes)
    4 %
  • Post # 3
    4483 posts
    Honey bee
    • Wedding: April 2015

    Babies need a lot of things, but your dream home isn’t one of them. It’s okay if you don’t have an extra bedroom or a formal dining room 🙂

    Post # 4
    975 posts
    Busy bee
    • Wedding: September 2014 - Banff, Alberta


    Our combined income is $60,000. Condos start at $450,000 and houses are $600,000. Since FH became debt free last year we have saved $20,000. Make sure to take advantage of the first time home buyers RSP advance of $15,000 each! Have you been contributing to RSP? We have $14,000 in it now and it will get us a $7,000 tax refund and if you withdraw RSP investments for your first house you don’t pay tax on it! We plan on renting out the spare rooms and basement if possible until baby arrives, as rental spots are super rare and profitable in our town. Looking to buy a house after the honeymoon so Summer 2015, baby summer 2016. 

    I think it is best to take full advantage of all the first time home buyer perks so go big and try to get your dream home right off the bat. 

    Post # 5
    767 posts
    Busy bee
    • Wedding: June 2015

    I would say get house that doesn’t cost as much. Those prices are crazy high lol

    Post # 6
    500 posts
    Busy bee
    • Wedding: March 2011

    I’m all wide-eyed over here. Houses are that much there? JEEZ. Our combined income is $80,000+ and houses (that have what we want) start around $170,000. I…never realized there was such a HUGE gap between here and other places.


    That being said, I’m not sure what I would do. I am completely set against apartment/condo living, BUT that’s because housing here is apparently much cheaper than other areas of the nation. If we were in your situation, we would end up weighing all our options. I don’t know how much rent is there, but would you consider continuing to rent until you saved up enough for a house? (And start TTC now, that is.) Also, you’ve gotten remember that TTC might not come as fast as you want, so you might possibly have more time to decide even once you start (but obviously, don’t rely on THAT, because you might be a lucky duck and get it right the first month!)

    Post # 8
    629 posts
    Busy bee
    • Wedding: August 2013

    A baby couldn’t care less where you live. If you want to keep renting and ttc, I would say that’s totally appropriate. Also, your eggs aren’t exactly risking imminent expiry, so you could also wait. I’d base my decision more on whether now is the time for kids, because there will always be another reason behind a reason to delay!

    Post # 9
    3360 posts
    Sugar bee
    • Wedding: December 2011

    If you and DH are both ready for kids, I would look into the condo option.  As long as the resale market is strong in your area, I think it’s a smart choice (especially if you’d be paying less on your mortgage than you are now on rent), because you could start building equity, continue to save, and get your dream home once you’re ready.

    Post # 10
    315 posts
    Helper bee
    • Wedding: December 2013

    One of the biggest piece of advice I remember when it comes to starting a family, is as long as you’re not living in a bad place, a baby can be raised anywhere! Babies don’t care where you live 🙂 you could continue renting and still be successful parents.

    I do know that you have personal goals and totally understand that too! I’d go into a condo if it’s going to take you a lot more years to afford the big grand dream house!

    Post # 11
    3623 posts
    Sugar bee
    • Wedding: July 2013

    @anonybee0810:  If I were you, I would wait. I grew up near Toronto and get how expensive it is (and I now live in DC and condos start over $500k and a stand alone house is $1 million for a fixer uper). I would wait. Kids are crazy expensive and I would rather be in a position where I could afford a house and day care and college. Kids don’t take a ton of space, but they do take a lot of resources. It is good to be in a strong financial place (meaning not saving for a down payment) before kids.

    We put off TTC for about a year to buy a house (or really a large, double story, 3 bedroom condo). We wanted to be sure we could afford a house and all of the expenses that come with it before we got a house. I say that it is good to look at condos– we ended up loving ours more than a house (and it is a lot less).

    Post # 12
    75 posts
    Worker bee
    • Wedding: November 2015

    My fiancé and I bought a two family home. We have 3 bedrooms, living room, dining room basement, two car garage and good size back yard. Half of our mortgage is being paid by the tenant. We are getting married in 7 months, want to wait at lease a year before we ttc. We can have one baby in this house, once we are ready for baby #2 we will buy a single family home and rent out our apartment.

    Post # 13
    336 posts
    Helper bee
    • Wedding: June 2013

    @Pixienickie:  Just a side note, I took my rrsp out as first time home buyers and yes its tax free….but you have to pay it all back into the fund, a set amount each year for 15 years and you dont get a tax credit on it again. If you dont pay it back they add it to your income every year and tax you on it!

    Post # 14
    326 posts
    Helper bee

    Oh, I feel you. I want a baby now, and it’s just not going to happen for at least a year and a half. I won’t even be pregnant till then, so realistically 2 1/2 years till a baby arrives at the very least. My fiance and I aren’t getting married until May 2015, and that’s if all things go well with visas, etc. (He’s Aussie, I’m American.) And, I don’t think we would start trying right away either. I FEEL YA.

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