To buy a house or live with MIL

posted 6 days ago in Beehive
Post # 3
Member
3884 posts
Honey bee
  • Wedding: April 2017

I mean… you can’t just live with your Mother-In-Law forever because you don’t want a mortgage. Well, I suppose you could do that if everyone was completely happy with the arrangement, but that doesn’t sound like the case. Sounds like you’re starting to resent your Mother-In-Law a bit even though you’re the ones living in her house! E.g. who cares if she sleeps all day? She can sleep in her own house. If you can afford a 900k house then you can definitely afford to move out. Do you pay your Mother-In-Law rent?

Having said that, house prices vary wildly depending on location so for all I know 900k is usual for you, but to me it is huge. Is that reasonable for your area?

Post # 4
Member
646 posts
Busy bee

I don’t really see a downside to this- you don’t want to live with your Mother-In-Law, you can afford the house and you like it. 

Post # 5
Member
110 posts
Blushing bee

If you like the house, buy it. If not, keep looking until you find one you are happy with. There are always more that will pop into market. And don’t let your parents decide what is right for you. You and your husband needs to make that decision.

I would advise against living with Mother-In-Law (until you need to eg she needs a carer or getting too old to live by herself). I am currently living with in-laws as they are helping us a bit with mortgage. They are very nice, but eventually small things they do will start bugging you and you won’t be able to say or do much about it. I hate that we don’t have the freedom of the house to ourselves. Makes us feel like we’re still little kids. I really can’t wait til they move out next year. Things are starting to get on my nerves!

Post # 6
Member
3174 posts
Sugar bee
  • Wedding: July 2018

I thought in your last post you couldn’t afford the 900k house?

Anyeay, if you are approved for everything and can now like a month later affor it, and you have made an offer then I don’t see why you wouldn’t move out. You are getting frustrated and annoyed at your Mother-In-Law but at the end of the day t is her house, you can’t just live with her forever.  Why is the house a huge risk?

Post # 7
Member
753 posts
Busy bee
  • Wedding: August 2015

As  zzar does, I remember your last post about this. What has changed? If your Darling Husband and his mum are selling their house, has she agreed to live somewhere else?

Post # 8
Member
349 posts
Helper bee

pinky88 :  Sounds like you might be living in a hcol area. You mention you want kids. Things to consider: will you be using daycare? If yes, how many kids do you want? What is the average price of daycare in your area? Depending on average price in your area, how many kids you hope for and how far apart agewise you want them; you may find 4k left over is not enough. 

Post # 9
Member
3997 posts
Honey bee
  • Wedding: October 2017

I remember the last post as well. You said you were unable to live on your own so I questioned how you could afford a $900k house if you are unable to stand on your own two feet now. But, now you can save $4k a month after all of your expenses, AND you have 10% of a $900k mortgage to use as a down payment.

What changed in the weeks (month?) since your last post?

Post # 11
Member
3174 posts
Sugar bee
  • Wedding: July 2018

Sansa85 :  It definitely is.  OP apparently has a downpayment only weeks after not having savings so I assume that despite all the advice on her previous thread she is intent on forcing her Mother-In-Law to sell her home in order to give OP and her husband the cash they need for their dream house. 

Post # 12
Member
3997 posts
Honey bee
  • Wedding: October 2017

zzar45 :  

She mentioned borrowing the down payment from Mother-In-Law and paying her back later. Sounds like that’s how they have the $90k to put down

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