(Closed) When did or do you and your SO plan to buy a house?

posted 9 years ago in Home
Post # 3
Member
29 posts
Newbee
  • Wedding: December 1969

I would love to stop throwing my money at our landlord (even though she does a great job!), but the idea of buying a house right now is a little daunting. I live in Pittsburgh and the housing market is one of the most stable in the country, so it’s not like we’re going to get a killer deal if we buy right this second.

And buying a house has a lot of little hidden costs beyond the downpayment and closing.. movers, cleaning, last-minute and unexpected repairs, etc. We don’t want to strain our budget when so much of our extra cash is tied up in the wedding plans. We’ll wait until the summer afterwards!

Post # 4
Member
141 posts
Blushing bee
  • Wedding: June 2009

We have gone back and forth a bit on this issue, but sadly we won’t be buying anything for a number of years. We both plan on going back to graduate school (student incomes are not enough for a mortgage payment) AND we live in a very HCOL area. While we could absolutely afford somewhere with our current incomes, there’s just no way if one or both of us is in school full time. I am very envious of all the couples buying houses right away.

Post # 5
Member
174 posts
Blushing bee
  • Wedding: May 2018

We won’t be ready for quite a while. We always thought we’d wait to get married until we could afford a house, but our hearts got there far sooner than our wallets did. Livin’ on love, I tell you.

Post # 6
Bee
1048 posts
Bumble bee
  • Wedding: September 2009 - City Hall

We’d like to buy a house soon, but it honestly depends on whether we have a wedding. We only have one savings account, and it isn’t endless. If we don’t have a wedding, we could buy in a year. If we do, it’s gonna be longer. We have considered telling our relatives (moms, grandmas) to tell those who ask that we’d prefer cash to registry gifts… that would help contribute to a downpayment.

Post # 7
Member
756 posts
Busy bee
  • Wedding: June 2011

It’ll be several years for us, because we’re thinking of making a serious relocation (possibly across the country) within the next five years.  And even if we choose to stay here, I want to continue living in city for a while and am fine with renting.

Post # 8
Member
93 posts
Worker bee
  • Wedding: July 2009

My fiance already owns a house, but for awhile we were thinking about upgrading before the wedding. Our reasoning for upgrading is that we’ll probably try for a baby within two years and our current house is tiny and crowded with us and the two dogs. I actually think that having the possibility of buying a house on the horizon has made me better about being budget concious with wedding planning. It helps me put things in perspective I think. I’ve also thought that it could be really stressful to be buying a house right before the wedding if the budgets were tight though. If we found the perfect house we’d still buy it now, but we’d probably end up putting less money as a down payment (which would be unfortunate) because of the possibility of unknown costs from both the wedding and house. 

Post # 9
Member
397 posts
Helper bee
  • Wedding: June 2009

My fiance and I bought a house last Oct. 07.  I was 21.  I love my house but I kind of wish we would have waited now.  We would have more in the bank and therefore more for the wedding.  Also, the market went down the hole, so our house doesn’t appreciate for as much as it did :/   But I’m happy because I love being with just my fiance and puppy and putting our money into an investment.   Plus, we’ll be there for awhile so hopefully it will *eventually* pay off.   =)

Post # 10
Member
71 posts
Worker bee
  • Wedding: October 2008

the housing market in my city is such that it did not make sense for us to rent. we started looking for a house 3 months before our wedding. we found a house one month before the wedding and closed on it the week after we were married. the house needs a little work (and we’re doing it all ourselves), but our mortgage is less than our rent was (including insurance and taxes).

Post # 11
Member
1276 posts
Bumble bee
  • Wedding: August 2009

We’re looking at houses, but it’s still pretty expensive in the Bay Area.  We’re pretty aggressively saving, but we’re also worried that prices are still coming down and we don’t want to invest in a depreciating asset.  And we want to know that we cann at least continue to make mortgage payments (even if not comfortably) in the event that one of us loses our job.  The housing collapse was supposed to make things more affordable out here, but so far the only things that seem to have really gone down in price are in places I don’t feel safe living.

I definitely did not feel comfortable looking for houses together until we got engaged, though.  Anyone else (who was already living together) feel similarly?

Post # 12
Member
5399 posts
Bee Keeper
  • Wedding: November 1999

We’ve been trying to buy a house for a while, but we keep getting overbid or there’s nothing we want out.  We live in the Bay Area so I’m sure you’ve heard of how our housing market is.  We HAVE to for sure buy a house this year because my husband is getting eaten alive by takes on his paychecks, so we need the house to fix that.

Post # 13
Member
221 posts
Helper bee
  • Wedding: November 2009

We’re in Chicago, so probably not for at least 10 years. When my fiance graduates we will have a ton of student loans so it makes sense for us to rent and save for a (long) while.

Post # 14
Member
952 posts
Busy bee
  • Wedding: September 2009

It’s all up in the air right now-depending on where I land a job. I currently work in DC, where salaries are higher. I’m aiming to find a job where Fiance lives, a good hour south, so salaries are not as high. So, if that happens, we’ll rent for a couple years and save as we can. If I get another job in DC, we’ll save for about a year. We want a good down payment and time to pay off some outstanding debt before becoming home buyers.

Post # 15
Member
752 posts
Busy bee
  • Wedding: October 2016

My FH and I are planning to buy around August of this year, and we’re getting married in January of ’10. It’s really stressful to be house hunting and wedding planning at the same time, but we’re managing so far.

More than anything, saving for both at the same time really stinks!!

Post # 16
Member
730 posts
Busy bee
  • Wedding: June 2010

Originally the plan was to buy one a few months before the wedding, but now I think we’ve pretty much decided to just keep throwing money away on rent for a while longer. 🙂 House-hunting/packing/moving is a lot of work!!

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