(Closed) New career or new house?

posted 6 years ago in Career
  • poll: New career or buy a house?
    You want a new career, so go for it and hold off on buying a house : (7 votes)
    25 %
    You want to nest, darnit, so buy the house and hold off on the new career : (14 votes)
    50 %
    Apply for jobs while looking for a house and hope that you don't get both at the same time : (7 votes)
    25 %
  • Post # 3
    Member
    1461 posts
    Bumble bee
    • Wedding: May 2012

    Yikes! I don’t know what the best choice is. It really depends on which you want more. I would probably start feeling out houses and jobs  and see which one come through first, but it really is a tough decision. Good luck!

    Post # 4
    Member
    1992 posts
    Buzzing bee
    • Wedding: September 2012

    @J Dubbs:  I would do the house first. The market is still awesome for buyers and starting over your two year stability at this minute is probably a bad idea.

    If inventory is low in your immediate area, you might just widen your scope?  I agree it could take a while but consider yourself lucky that you actually have a job that enables you to purchase a home and just try to keep those connections alive as you establish your personal life.

    I know you hate your job but its a necessary evil at this point so just think of all the wonderfulness of a home and family and once your personal life is in order, go for that career switch!

    Its tough but the housing market would keep me in a job I dislike!

    Post # 5
    Member
    10367 posts
    Sugar Beekeeper
    • Wedding: September 2010

    We’re in the same real estate boat – there’s very litte inventory in the Bay Area and lots of aggressive all-cash buyers that are pushing well qualified financed buyers like us aside.

    It’s a ridiculously stressful and heart-wrenching ordeal.

    I’d choose the career. Wait out the market a little and let more stuff come up for sale. So many are still underwater that they aren’t willing to put their place on the market! Interest rates aren’t going anywhere for at least 1-2 years – that gives you time to get started in your new career.

     

    Post # 6
    Member
    10367 posts
    Sugar Beekeeper
    • Wedding: September 2010

    @KimmySumShuga:  This is not a buyer’s market in most of the desireable parts of CA. Low inventory = bidding wars.

    Post # 7
    Member
    1548 posts
    Bumble bee
    • Wedding: November 1999

    I would suggest buying a house now, the market is low and you will get significantly better deals now than in a few years. Unemployement is also at a high, so it may be much harder to find a job in the field you are looking for.

    Once you have the home and mortgage, you can start looking for new careers and it won’t affect you trying to get approved.

    Best of luck!!

    Post # 8
    Member
    1249 posts
    Bumble bee
    • Wedding: January 1992

    Don’t buy the house til you have a new career.  What if you buy a house, and then you have a hellish commute to your new career?  Dropping baby off at daycare and then having a terrible commute would not be fun!

    If you want a baby, just get a 2 bedroom apartment with a washer/dryer plus an elevator.  It’s totally doable.

    EDIT: the only areas I personally know of that are a buyer’s market is Corona, Valencia, etc.  The really far, outlying areas.  I was actually looking in Corona, just for kicks, and they have these gorgeous, 5 bedroom homes, 9000 square foot lot, for like $215K.  But then I think, I work in West LA.  This is not going to happen, LOL.   We are TTC now, but we aren’t even going to THINK about buying a house for a good 5 years, and then we will look in the Chatsworth/West Hills area, maybe expand to Valencia.  That commute is not terrible into west LA, if you work a 6-3 / 7-4 shift.

    Post # 9
    Member
    1992 posts
    Buzzing bee
    • Wedding: September 2012

    @crayfish:  Well I live in So Cal (where the OP is from) and there are a lot of options in the greater area and commuting is pretty standard…

    I’m sorry about your situation but I live in OC and I see homes for sale right and left… its sort of sad really… eek.

    Good luck to both of you on your home purchasing.

     

    Post # 10
    Member
    13099 posts
    Honey Beekeeper
    • Wedding: July 2010

    I say do both!

    We closed on our house less than 2 months after I started my new job (I also changed careers and took close to a 50% pay cut to do so).

    I’m assuming your Darling Husband can show a stable job history right?  My Darling Husband had been at his job for about 3 years and I’d been at my old job (pre-career change) for 2.5 years.  So the banks could see that we weren’t just jumping around from job to job willy-nilly.

    They literally had zero issues with the fact that I had just started a new job.  They wanted to see a signed offer letter that confirmed my new pay and they wanted the couple of paystubs I had recieved since starting (DH also had to submit paystubs so you’ll have that whether you change jobs or not).  That was it – it was really no big deal!

    This doesn’t have to be an either/or situation!  🙂

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