(Closed) House or Holiday

posted 5 years ago in Married Life
  • poll: House or Holiday
    You only live once. When you have kids and a mortgage you will have no money at all. Go for it! : (23 votes)
    31 %
    Save your cash, you're getting there! Buying a house is waaaay better than a cruise of the Med. : (48 votes)
    65 %
    I have a better idea... (post below) : (3 votes)
    4 %
  • Post # 3
    Member
    3583 posts
    Sugar bee
    • Wedding: August 2012

    @KellyLouise:  Oy. That’s always the conundrum, isn’t it?? Travel is part of your lifestyle (I have enjoyed your wedding posts!), so I am leaning toward the travel since you’re not going to settle down for a while. Is there any way you can make the Italy trip cheaper? Or stay longer and teach English so you can earn some cash while you’re there?

    Post # 4
    Member
    3583 posts
    Sugar bee
    • Wedding: August 2012

    Also…a house is a house but travel is experience. When you die, will you be more excited that you got to see the world or had your dream home sooner?

    Post # 5
    Member
    9056 posts
    Buzzing Beekeeper
    • Wedding: June 2010

    I definitely don’t think you should surprise him.  He might be really upset that your home savings goal was derailed. 

    I’m of the mind that you should still have fun, and saving for a house doesn’t need to be your only priority (however, our 20% dp is 150,000 so that kind of intense saving just isn’t sustainable years and years on end).  Once you have a house it’ll become the priority, so if you’re ok with delaying the purchase for X amount of time it will take you to re-save that $10,000 then I think you should take the trip.

    Post # 6
    Member
    4035 posts
    Honey bee

    @KellyLouise:  Umm…honestly, with a large purchase like that, I would want to be 100% sure he is on board with it before buying it. Half of it is HIS money and initially you two planned to put it toward a house.

    What if he is really set on purchasing a home soon? While he may love to travel, he might also like a house sooner. Perhaps “surprise” him with the spontaneous idea to go on a trip and then go from there….

    I would not be comfortable spending that amount of “our” money before consulting my Fiance first.

    Post # 8
    Member
    1238 posts
    Bumble bee
    • Wedding: August 2012

    @KellyLouise:  I voted for the trip, for a few reasons. 

    1. Like you said, you’re both young and don’t want to settle down just yet. So you’ll have a few more years after this to save. 

    2. Going to Italy is my dream! One day…

    3. Home ownership sucks. It’s one big money pit. Then, when you want out its difficult to sell and make any money from it once the lawyers and realtors get their cut. (Yes I’m speaking from my bitter experience- worst decision I made in my late 20’s)

    4. You can do the trip you want for 6K, no problem. 10K IS a lot to spend in one vacation. 

    I don’t know about surprising your hubs though, you may discover he has his heart set on the house you’ve been saving for. This is a big decision and a big trip, something you need to discuss and plan together. 

    Post # 9
    Member
    4035 posts
    Honey bee

    @KellyLouise:  I would say my Fi and I think are on the same page 99% of the time and typically make the same decision/choices. But soulmate or not, if it were our situation…I would recognize that it is still “our” money and therefore would warrant a joint decision beforehand.

    But you know your relationship better than we do, so if you are comfortable doing it that way, I would say go for it.

    Post # 11
    Member
    4035 posts
    Honey bee

    @KellyLouise:  I did not vote to buy a house, but some people may be thinking the following:

    • It’s the best time to buy a home right now because the market is down (in most areas, not all)

     

    • You mentioned wanting to start a family in about three years and you still have quite a bit of money to save for a down payment–a $10,000 trip could seriously derail your plan

     

    • $10,000 is a lot of money to spend on one trip; you could probably take a similar trip for less money

    Not 100% sure, but that’s what some people may be thinking…

    ETA: Didn’t realize you were in Sydney, comments 1 and 3 may not apply.

    Post # 13
    Member
    1238 posts
    Bumble bee
    • Wedding: August 2012

    @KellyLouise:  oh god, right. You’re down under! Sorry. Well then I hope you get a flight deal!

    Post # 14
    Member
    554 posts
    Busy bee
    • Wedding: June 2014

    OP, I get that you’re on the same page as each other, but IMO $10K is a lot to spend on a surprise if it wipes out your house deposit.

    Post # 15
    Member
    164 posts
    Blushing bee

    Go on the trip! You’re young and you only live once πŸ™‚ We love travelling too, personally I would be content to rent forever πŸ˜› (owning a home, while it may happen one day is not a goal of mine)

    Post # 16
    Member
    458 posts
    Helper bee
    • Wedding: August 2013

    I’ll vote for House, and this is why:

    You’ve said you guys have gotten to do a lot of traveling. That’s amazing! A lot of people never have that extra money (and time) to take overseas trips, yet it seems like you’ve gotten the chance to do it multiple times. At this point, it almost seems like traveling is insatiable for you, and even if you go on this trip to Italy, there will be a next trip you want to take…

    If you’re serious about wanting to buy a house in the next few years, that money would be really helpful to have saved up. Things like “You only live once” and “Do it while you’re young” don’t really apply to you, because you’ve actually gotten to travel and have those experiences! It may be time to save up for a new experience—buying a house and starting a family, which some may argue is best done while you’re young!

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