(Closed) Amazing trip vs. Downpayment. Decisions, decisions…

posted 6 years ago in Money
  • poll: What would you do?
    Take the trip! A house can wait. : (86 votes)
    63 %
    Buy a house. It's the responsible thing to do. : (50 votes)
    37 %
  • Post # 3
    Member
    261 posts
    Helper bee
    • Wedding: October 2011

    I’m just bumping this up a little because I’m curious to hear some bee’s opinions on this. This is a situation Darling Husband and I mighgt find ourselves in very soon… I’m just as torn as you are!

    Post # 4
    Member
    2559 posts
    Sugar bee
    • Wedding: September 2010

    I would take the trip. I’m a little biased because I don’t have a desire for home ownership yet. However, Darling Husband and I are fairly well traveled for our ages (multiple trips to Europe, several cruises, lots of in-country travels) and I can sayunequivocally that we value those experiences so much. Europe is amazing, Italy is my favorite country so far with the friendliest people, beautiful scenery and delicious food, and there’s something about traveling that is a real bonding experience for my husband and and I. I don’t think yoit’d regret it, especially while you have the money that doesn’t need to be sunk into your house.

    Post # 5
    Member
    9824 posts
    Buzzing Beekeeper

    I’d postpone the house and take the trip. I’m taking my sweet time buying a house, right now neither my husband or I know if we want to be in his home state or mine, so we’re living in a very nice apartment until we figure it all out. A year is nothing, it’s a blip on the radar, take the trip!

    And not for nothing, but I wish I’d had the opportunity to do something like this early in my marriage.

    Post # 6
    Member
    333 posts
    Helper bee
    • Wedding: August 2011

    I would take the trip. When you look back on your life, you’ll remember travelling. That’ll be the stories you tell your grandkids. You wont talk about getting a house a couple of years earlier.. IMO.

    However, i think you’d probably get more for your money if you forego the cruise route and instead travel europe on land. On a cruise you only really get a day for each city (with a lot of time spent on the boat) and theres so much more you could do if you bought an interrail ticket, choose say four or five cities and spent two/three days in each.. Accomodation and food wise, if you stayed in hostels/cheaper hotels it actualy wouldnt cost that much more (or even any more) than the cruise and you get so much more experience of actual Europe..

    Post # 9
    Hostess
    18643 posts
    Honey Beekeeper
    • Wedding: June 2009

    I would take the trip and delay homeownership or look into the FHA loans out there that require a lower downpayment.  PS, buying a house doesn’t stop you from traveling as long as you buy a place that isn’t a complete pit and you are comfortable with it.  We just bought a place and we are planning on taking a trip later on once we build up enough airmiles for the flight.

    Post # 10
    Member
    14497 posts
    Honey Beekeeper
    • Wedding: June 2011

    I dont know if this is an option, but I’d really try to save up for both a house and a trip and cut out in other areas, like eating out, or other types of personal spending.  Did you say the airfare alone was going to be 8-9k?  That is REALLY high.  I’m pricing out airfare to Italy and Greece this year and they are about 1200-1500 per person.  We’ve budgeted about 8-9k total for 3 weeks… although we arent going on a cruise, but considering the cruise would negate what I’ve budgeted for hotel and food, it should be about the same.  What type of vacationer are you??  Would you be mainly into sites and experience? Or into luxury travel and fine dining?  If you are the first, and good at bargain hunting, traveling doesnt have to be as expensive as it may seem. 

    Post # 11
    Member
    2161 posts
    Buzzing bee
    • Wedding: July 2011

    I think it depends on how old you are.  ๐Ÿ™‚   I would go for the house personally, but I am 33.  

    Post # 12
    Member
    2142 posts
    Buzzing bee
    • Wedding: August 2010

    Take the trip. ๐Ÿ™‚ Europe has ALWAYS been a dream of ours as well and we went for 3 weeks during our honeymoon and it was worth every cent. That being said, our 3 week trip only cost us about 8K and that included all transportation, food, lodging. So I would reconsider the season in which you are going to bring down the price of airfare. Or consider flying into a cheaper city to save on airfare. 8K-9K for airfare sound astronomical.

    Anyway, not wanting to sound like a nag so feel free to PM me if you’re interested in some of the budget blogs and online resources I used to plan our trip.

    GL making your decision! ๐Ÿ™‚

    P.S. Well IF a cruise can be out of the picture then your options are so much more open to keep the $$ under control. We only stayed at two hostels, the rest of the time we stayed in B&Bs and rented apartments. SO much cheaper than hostels AND hotels. And provides a much more authentic experience. What cities are you looking to go to???

    Do you remember my original username Gerbera? Search for my honeymoon recap thread. I think I provided rough $ amounts. Granted that was in 2010 so fluff the $ a little. ๐Ÿ™‚

    Post # 13
    Member
    11272 posts
    Sugar Beekeeper
    • Wedding: April 2012

    if you do take the trip, which i am sure will be wonderful,  stick to land, it is much less expensive. 

    our return flights from toronto to london’s heathrow were only $1600 total.  we got a great deal on a hotel in london from booking.com and then we took the train throughout england (to visit Fiance family).  we found great hotel deals online for the spots we wanted to visit.  then we took the eurostar to paris.  again, our hotel was found online for a deal when you spend more than 3 nights there.  we were there for about 2.5 weeks and spent around $5000.  we did a lot of touristy stuff and we stayed at nice hotels but never ate out in really fancy places,  just pubs and bistos.  also, it was off season.  that makes a difference with flights and hotel stays.

    wherever you decide to go, check out the prices at different times of the year.  this may help you decide when to go and you may spend as much as 50% less.

     

    Post # 14
    Member
    1562 posts
    Bumble bee
    • Wedding: November 1999

    I’d take the trip, but not that trip.

    If you want to discover Europe, a cruise is not the way to do it, obviously this is my opinion.  8-9 k for airfare makes no sense to me?  I think the last time I flew to Europe, I flew into Spain and the airfare was around 1000.  

    It is fairly inexpensive to travel in between countries once you are in Europe.  My flight from Spain to Belgium was around 200 dollars I believe.  And the train system is wonderful within Europe.  

    You can blow it out and have an amazing trip in Europe for less than 10K, including everything.  

     

     

    Post # 15
    Member
    870 posts
    Busy bee
    • Wedding: September 2012

    I would buy the house. Money has never been cheaper and it’s not garunteed that it will stay that way for years to come. 

    Its probably he right long term decision to make. 

    However, I’m not advocating not traveling. Just do a different kind of trip. Instead of a cruise consider staying in hostels or renting an apartment for two weeks. When my Fiance and I travel we always buy breakfast and snacks at grocery stores or local markets and then eat dinner out. You can save a ton of money that way. If you hunt around for bargins you can probably do a 10 day trip to Europe for closer to 5k rather than 10. 

    Post # 16
    Member
    579 posts
    Busy bee
    • Wedding: August 2010

    I would buy the house personally. How old are you? Im 33 and purhased my first home when i was 25. Once your settled in your home start saving your pennies for this trip. A home is a great investment while a trip is only for 2 weeks.

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