01-23-2007, 06:11 PM
Jewels I can see what you mean, and sure it's a shame that you might have to have two incomes to afford a place you want, but that's life unless one of you is making $150k+ a year and has fantastic (700+) credit... or you move somewhere where you can buy homes for ~150k and keep your mortgage payments around 1500 a month.
As far as something happening to you, I mean you don't live the rest of your life in fear of stuff like that do you? You can't be afraid of something with a remote chance of happening. Take out life insurance if it's that big of a deal. If you really can't afford the house you're living in when a significant other dies, then you sell it and downsize. There are plenty of married couples who have newborn children and still own a home too =P It just takes careful budgeting (among many other things).
Maeng hit it on the head. You can throw money away with absolutely no return back, or you can throw money away while paying interest (yes this sucks, but someone is making money off of you regardless of whether you're renting or buying) AND building equity. There are people that make a living doing this you realize, there's that much potential to get a return on the money you're INVESTING, not giving to a landlord who's making money off of you.
As far as something happening to you, I mean you don't live the rest of your life in fear of stuff like that do you? You can't be afraid of something with a remote chance of happening. Take out life insurance if it's that big of a deal. If you really can't afford the house you're living in when a significant other dies, then you sell it and downsize. There are plenty of married couples who have newborn children and still own a home too =P It just takes careful budgeting (among many other things).
Maeng hit it on the head. You can throw money away with absolutely no return back, or you can throw money away while paying interest (yes this sucks, but someone is making money off of you regardless of whether you're renting or buying) AND building equity. There are people that make a living doing this you realize, there's that much potential to get a return on the money you're INVESTING, not giving to a landlord who's making money off of you.
Posting in the banalist of threads since 2004
2017 Mazda CX-5 GT AWD Premium
Past: 2016 GMC Canyon All Terrain Crew Cab / 2010 Jaguar XFR / 2012 Acura RDX AWD Tech / 2008 Cadillac CTS / 2007 Acura TL-S / 1966 5.0 HO Mustang Coupe
2001 Lexus IS300 / 2004 2.8L big turbo WRX STI / 2004 Subaru WRX / A couple of old trucks
2017 Mazda CX-5 GT AWD Premium
Past: 2016 GMC Canyon All Terrain Crew Cab / 2010 Jaguar XFR / 2012 Acura RDX AWD Tech / 2008 Cadillac CTS / 2007 Acura TL-S / 1966 5.0 HO Mustang Coupe
2001 Lexus IS300 / 2004 2.8L big turbo WRX STI / 2004 Subaru WRX / A couple of old trucks