(Closed) Do you own a home?

posted 6 years ago in Home
  • poll: Is home ownership a priority for you?
    Yes, I saved everything and bought one as soon as I could : (131 votes)
    52 %
    Yes, I really want to but can't yet : (60 votes)
    24 %
    Yes, I want to in the long-run but am not rushing : (42 votes)
    17 %
    No, explain : (19 votes)
    8 %
  • Post # 3
    Member
    1030 posts
    Bumble bee

    i can’t wait to own a house but where we live on the South Coast of England, the property prices are just too high for us to afford one right now.

    having my own home is a huge dream of mine, but i see myself buying a home – not a flat – when we eventually do.

    my friends are choosing to save for a house instead of their honeymoon and i couldn’t disagree more with it – the way i see it is we love our rented flat and we have our entire lives to buy our own home – whereas we have one chance to have a kick-ass honeymoon.

    i think we’ll buy buy-to-let properties in a few years so we can still live in our gorgeous flat but still get on the property ladder. then, when we have even more money, we’ll buy the house of our dreams!

    Post # 4
    Member
    1902 posts
    Buzzing bee
    • Wedding: July 2012

    My fiance and I live in country Victoria (Australia), so house prices here aren’t too bad. On top of that, we’re both very careful at saving money and have been living frugally for the past few years (e.g. somewhere with cheap rent, second-hand furnishings, used cars, etc.). Now that we’ve both got heaps saved up, we’re having a wedding, then travelling for a little before we finally settle down with a house and kids.

    We’re still not too sure when we will buy a house, so the kids will probably come first, because fiance works as an academic and we may have to move somewhere with more job opportunities for him if he wants any promotions. While it’s important, it’s not first on our list of priorities for the next 5-10 years, anyway. We figure we don’t need a permanent house until kids are 6-8 years old 🙂

    Post # 5
    Member
    283 posts
    Helper bee
    • Wedding: October 2011

    I am neither of the poll options 🙁 we bought a house but don’t have to scrimTito afford the downpayment. We ha money in shares so we still travel a lot and buy what we want. If we didn’t have the money in shares we probably would have scrimped to buy one ASAP 

    Post # 6
    Member
    13012 posts
    Honey Beekeeper
    • Wedding: November 1999

    We have the money saved, but we aren’t in any rush.  I think we’re going to end up waiting until after the wedding before we undertake yet another big money-sucking project…

    Post # 7
    Member
    5065 posts
    Bee Keeper
    • Wedding: April 2014

    No I don’t own my home – it’s my SO’s own home and after we are married then it’ll be ours. He always refers to the flat as ours and everyhting in it is jointly ours.

    Post # 8
    Member
    676 posts
    Busy bee
    • Wedding: November 1999

    I bought a house with my ex husband and we didn’t sacrifice anything really, for the area we lived in buying a house made our mortgage cheaper than any rent in the area. It was also really nice to have a place that was yours that you could do anything you wanted with. My Fiance and I now live in an apartment however we have recently begun the house hunt and hope to buy within the next year. To me there is nothing like owning your own home but then again that’s just me.

    Post # 9
    Member
    1064 posts
    Bumble bee
    • Wedding: June 2012

    @Soon2BD-CBee:  

    Same thing here, though we lived 6 years together before the wedding. I would love to have a house with a nice land around so we could plant fruit trees, a vegetable garde, a housetree! He wanted to in the past and i slowed him down because honestly i don’t want to be a house slave (finantially and phisically). The way economy and his firm are really worries me and as we live in a nice flat, very well situated, a good neighborhood, AND it’s all paid for (thanks to my frugal and wise husband)i just don’t think about it much..except while dreaming “if we had money to buy a piece a land..”

    Post # 10
    Member
    11234 posts
    Sugar Beekeeper
    • Wedding: August 2013

    We don’t own a home yet, but plan on buying (hopefully) in the next year. 

    Post # 11
    Member
    1934 posts
    Buzzing bee
    • Wedding: August 2012

    I bought a house in my 20’s that I knew would be my long term home.  I did not necessarily scrimp to save for it, but I also have many less priorities than you listed.  For example, I haven’t been on vacation since 2007.  Lol.  Could I use one?  YES.  But I don’t feel it’s necessary, and I DO feel my home is.  You’ll do fine!  Save up after the wedding.

    Post # 12
    Member
    665 posts
    Busy bee
    • Wedding: April 2013

    We have been in our house for a year now. Im 24 and my Fiance is 26. Its tough! We both have decent incomes but we decided to buy a 1920 Villa. Its alot of maintenance and alot of money. We have had to cut down a great deal on things. Neither of us go out and buy new clothes or anything like that very often anymore unless its necessary. At the moment our villa has no carpet curtains and bare windows. All our savings are now going into the wedding instead. Dont rush into it, enjoy the wedding and the freedom of not having a mortgage while you can. I wouldnt stress about it. It will happen 🙂 

    Post # 13
    Member
    5065 posts
    Bee Keeper
    • Wedding: April 2014

    @Rivendeler:  I would love a home in Portugal. actually we were talking yesterday and we want a wedding in the Algarve. I was the first place we went for a holiday as a couple. Very special memories for us.

    Post # 14
    Member
    2893 posts
    Sugar bee

    I’m 25 and bought a house last year. Spent a year house hunting for a good deal (watched the avg. price drop by almost 100k) and qualified for a va loan so I didn’t have to have a downpayment. Our mortgage on our 3 bed house is as much as rent on a 2 bed apartment in our area so it just made sense. And no, we haven’t had to sacrifice anything for it. We had to sacrifice to pay for the wedding but not the house.

    Post # 15
    Member
    2450 posts
    Buzzing bee
    • Wedding: October 2012

    We want to buy a home, but we want to buy ONE home that we will have for the rest of our lives. Therefore, we are waiting until he has a high enough position in his job that we can move where we want to before buying. Until that time, we just keep saving and saving.

    Post # 16
    Member
    5423 posts
    Bee Keeper
    • Wedding: November 2012

    We are under contract for our first house.  Since Im not too far from you in Philly I can relate cost wise.  Im absolutely petrified.  Between the wedding and our downpayment were basically depleting the savings accounts we each had since teenagers.  It wasnt the downpayment that killed us it was the closing costs.

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