(Closed) Completely melodramatic “I just want a house” vent.

posted 6 years ago in Home
Post # 3
Member
5977 posts
Bee Keeper

@MissBoPeep:  Paying your mortgage on time every month will help to rebuild your credit. Revolving credit (credit cards) usually isn’t what boosts your credit score, but can seriously damage it if the accounts aren’t paid on time. Things like your mortgage are solid and will help to rebuild your credit over time. 

I’m sorry that you’re not able to buy a house right now, but hang in there. Who knows, down the line, your condo might have been the best investment you’ve ever made!

Post # 4
Member
112 posts
Blushing bee
  • Wedding: December 2012

Have you tried renting out your apartment and renting a place yourself elsewhere?  I know it sounds crazy but I have had friends who did this while waiting to sell their home.

Post # 5
Member
1212 posts
Bumble bee
  • Wedding: September 2012

Is there ANY way you could move in with family or a friend for super cheap rent and rent out your condo for a year to cover the mortgage? I know it’s a step backwards sort of but it may help you save and be a change of scenery without losing your downpayment. Can you get a secured credit card?

Post # 7
Member
210 posts
Helper bee
  • Wedding: September 2011

I’m in the same boat as far as buying a condo 6 years ago and not being able to sell it without taking a huge loss Cry  It stinks, but hang in there.  We’re thinking of renting it out and buying a house but feel that we should have a lot more money saved first, so pushing it off for another year or so.  It’s disappointing but I’m sure it will all work out in the long run. 

Just know that you are not alone and there are way too many people in the same situation!

Post # 9
Member
6661 posts
Bee Keeper
  • Wedding: May 2010

If it makes you feel any better, I will most likely never have an actual house since the tradeoff in NYC means putting up with a terrible commute. I would really love to have a detached home with a yard and more than one bathroom for gosh sakes!

Also, I had bad credit several years ago due to paying my credit cards late and having a delinquent account. It was really stupid, but I was just too lazy to stay on top of my bills and would pay things sporadically instead of once a month. But after only 2-3 years of paying on time really improved my credit and I think after 7 years it will be erased. So really the most you have to wait is a couple of years and at that point hopefully the market in your area will have improved!

Post # 11
Member
210 posts
Helper bee
  • Wedding: September 2011

@missbopeep: Well, hopefully if they’re priced way low they’ll sell very soon.  That would definitely help the situation!

My husband actually bought our condo before we were together.  He overpaid for it by 2005 standards and now that the market tanked, we would take a $60,000 (at least) loss if we were to sell now.  Pretty depressing!  But it is what it is…..we would really like to buy while the market is this way so it’s looking like renting is our only option.  Hopefully next year!

Post # 13
Member
3482 posts
Sugar bee
  • Wedding: February 2011

@moderndaisy:  If it makes you feel any better, I will most likely never have an actual house since the tradeoff in NYC means putting up with a terrible commute. I would really love to have a detached home with a yard and more than one bathroom for gosh sakes!

This is pretty much me as well. Darling Husband and I can’t even afford a condo in this stupidly expensive city, let alone a house. Anything far enough out in the boonies to be affordable means a ridiculously long commute, which would cost me god knows how much in increased gas consumption, and cost Darling Husband ~$100-150 per month for a bus pass when he can currently walk to work in 15 minutes.

If I didn’t love this stupid city so much, I’d hate it.

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