Post # 1
I have recently realized that I am in no rush to buy a home. I am 31 years old, and sometimes I do feel guilty about not being a homeowner but then there are times when I realize that we are doing what works for us and to stop worrying about what other people are do. I just hate that people judge us for not owning a home yet.
My reason for not being in a rush is #1 – Daycare. Our daughter just turned a year old and we do plan on having one more and maybe some will think I am ridiculous, but I have awful anxiety and stress easily. So being comfortable with my daughter’s daycare, its a big deal for us, and I don’t want to buy a house until future baby #2 has spent his/her first year in that daycare, and then *maybe* we will consider looking for a house. We don’t plan to start trying for #2 until Dear Daughter turns 3. So in another 2 years.
#2 – As previously stated, I have anxiety and looking for a home is not easy. So the thought of even looking for a home, finding one we like and possibly not getting it…my heart is already palpatating. (Am I annoying you yet?)
#3 – Moving! Packing, moving, plus having 2 kids – whether you have kids or not, its not easy. I hate it. And its expensive and it can be stressful. Our last move was because it was such an awkward entrance, so we really spent hours tryin to get some of our furniture in.
#4 – Money – a house is costly. However, its something that is yours and that you own. I know that renting has its pros and cons, but so does owning a home. ANd again, my anxiety takes over and I start panikcing about not having enough money.
I just wanted to share bc I want to know if there are other people out there like me bc everyone around us owns a home. And we are the odd ones out.
Post # 2
Daizy914 : Plenty of people have no aspirations to own a home, or at the very least are not in a rush.
My brother bought his first house while he was still single. After getting married they continued to live in the house a few more years, before they relocated. They’ve been renting in their new area for over a year now, and the house just sold. I naturally assumed that since their house finally sold they’d be moving forward with buying in their new area and getting out of their rental. On the contrary my brother told me he thinks they will likely keep renting a while (maybe forever) because they enjoy that outside of rent it’s not their responsibility. Now part of that could also be a bit of resentment on how long it took his house to sell….but it was a very specific kind of house making it hard to sell to the average family.
On the flip side Darling Husband and I were eager to buy because we like that we’re building equity in our property and not just paying someone else’s mortgage. Also, in my area rent is generally higher than a mortgage payment so financially it makes more sense. That being said owning a house is a lot of work with a lot of unexpected expenses. It’s certainly not something to rush into or take lightly.
Post # 3
Daizy914 : Darling Husband is 31 and I am 30 – we still don’t own a home. We are finally renting a house instead of an apartment, but we live in the DMV and Darling Husband is in grad school – so it’s not in the cards yet. I think it will be eventually, but in the meantime, I’ve come to terms with the fact that it will be a few years, at least. I have a number of friends still renting – you would not be the odd ones out in my circle.
Post # 4
I’ll be 39 in 2 weeks…and I am NOT a homeowner 😄.
I am also raising 3 kids in my lovely 3-bedroom APARTMENT for the last 9 years, before that we lived with my parents (only had 1 kid at that time, lol).
For the last umpteen number of years I have had no aspirations to buy a home..everything is taken care of for you here at the complex. A house is a TON of work.
But, sadly, my family is growing up and too large to stay here, so next year or so Fiance and I will begin the hunt for a house that will fit our growing kids..and maybe some pets.
Kinda nervous. Kinda feeling like it’s about time”.
Post # 5
starfish0116 : we are currentl renting in Staten Island, NY. We were in Brooklyn but the rent is astronomical now. Its coming the new Manhattan. And we do have a goal to own one day, so we had to move to S.I to be able to save.
LadyBear : we are also renting, the 2nd floor of a house. much more room than being in a building!
Post # 6
bippidyboppidyboo : yea i imagine my nerves will be shot by time we buy a house and everything is done lol
Post # 7
I just bought my first home at 32. While I was married we saw no need to own a home as we were perfectly happy renting and wanted to put our money elsewhere. When I got divorced and had to move in with my parents I really started to think about what I wanted out of my life and decided that rent was getting out of control in my area and buying is the best, scarier but best option for me.
Everyone has their reasons for owning vs renting but you gotta do you. Other people aren’t the ones paying your bills.
Post # 8
My brother is 31 and doesn’t own his own home, and he doesn’t have plans to either though he and his partner have a lot of money. My parents are pushing him to get a place but I say home ownership is not always for everyone so don’t feel bad.
Post # 9
Daizy914 : We just moved to SI, too! Staten Island is the new Brooklyn! Lol. Anyway, I think it’s really normal not to own a home in your thirties in NYC. It’s a tough market for sure! If it helps your anxiety, our buying process was fairly smooth. But you are definitely not alone in renting in your thirties, especially here!
Post # 10
We don’t own either. The Canadian housing market is WAY over valued and I fear we may have a bubble situation (according to many experts). We’ve decided we’ll invest for now and keep renting, debt free. Lots of amazing large rental units in our city which will give us the feeling of living in a home without the hassle of home ownership.
That being said, lots of our friends have purchased very expensive, small homes and are nearly a million in debt.
Post # 11
KatieBklyn : it really is! how are you liking it so far? we are in Hugenot, so we are really at the end of S.I and its nice, and I would buy there, but the commute from there to midtown is awful. The morning commute is not too bad, but rush hour can sometimes make my commute close to 2 hours. We plan to move to Jersey bc it will be closer to his parents when they retire and the areas of Jersey we are considering are about an hour in commuting.
Post # 12
Another Canadian here…. houses are just WAAAAAY too expensive (Vancouver and Toronto are especially bad) I believe that in Vancouver, almost 80% of your income is mortgage and house costs!!!! Typical advice is 30% :O
Toronto’s rapid house price growth saw no letup in June, with the average selling price of properties in the GTA up 16.8 per cent over the past year, the Toronto Real Estate Board (TREB) reported.
Single-family homes in the city of Toronto hit another record — the average price is now $1.26 million, up 19.6 per cent in a year. Prices grew even faster in the suburban 905 region, up 21 per cent to $892,747 for detached homes.”
The average downpayment on a single family home is edging towards $100k in Toronto…. totally impossible for us to achieve right now.
I’m 35 and so is my Fiance.
Post # 13
KatieBklyn : Daizy914 : small world! I grew up on Staten Island! In Eltingville, my family is still there. I’m now on Long Island and rent an apt with my Fiance (I’m 33, not even close to home ownership yet). Hopefully after the wedding we can start saving towards that.
Post # 14
I just turned 35 and don’t own a home. My job provides housing, so for the time being it is not a huge priority.
My sister bought her first home at at 36. I think with the economy and housing market some people are just waiting longer. Do what works for you.
Post # 15
Daizy914 : I am 31 – I am single, I live with a friend, I work 2 jobs and rent is so high I will never be able to save anything for a house any time soon, it used to really get me down but I decided to stop caring.
Renting sucks, but I have a roof over my head. Maybe one day I will be in the positon to save with someone to buy a house but as it stands, I could never afford it on my own so I am just not going to worry about it!