Comments on: Musings on Buying a Home in 2007 http://theweightofmoney.com/2007/02/musings-on-buying-a-home-in-2007.html understanding the weight of money Wed, 03 Dec 2008 20:33:21 +0000 http://wordpress.org/?v=2.6.2 By: Year in Review: Anniversary No. 1 » The Weight of Money http://theweightofmoney.com/2007/02/musings-on-buying-a-home-in-2007.html#comment-2758 Year in Review: Anniversary No. 1 » The Weight of Money Fri, 06 Apr 2007 15:37:46 +0000 http://theweightofmoney.com/2007/02/musings-on-buying-a-home-in-2007.html#comment-2758 [...] We will (hopefully) buy our first house and make it our home. Moving will further accent the weight of money if we must liquidate more large machines and as we move those that remain to their new home. [...] [...] We will (hopefully) buy our first house and make it our home. Moving will further accent the weight of money if we must liquidate more large machines and as we move those that remain to their new home. [...]

]]> By: Donna Jean http://theweightofmoney.com/2007/02/musings-on-buying-a-home-in-2007.html#comment-1226 Donna Jean Mon, 19 Feb 2007 15:03:19 +0000 http://theweightofmoney.com/2007/02/musings-on-buying-a-home-in-2007.html#comment-1226 Hi Mike -- nope, people don't get banned for having opinions. We may end up needing a trade up house regardless of what I want, but that will still be last resort and I'd probably decide to rent another year instead of making that purchase. We'd be getting an affordable house, regardless of whether we were going to stay in it for 5 years or 50 because our budget only allows a certain amount. So, it's just a matter of waiting, watching, and hoping something comes up. Thanks for the feedback! Hi Mike — nope, people don’t get banned for having opinions. We may end up needing a trade up house regardless of what I want, but that will still be last resort and I’d probably decide to rent another year instead of making that purchase.

We’d be getting an affordable house, regardless of whether we were going to stay in it for 5 years or 50 because our budget only allows a certain amount. So, it’s just a matter of waiting, watching, and hoping something comes up.

Thanks for the feedback!

]]> By: Mike http://theweightofmoney.com/2007/02/musings-on-buying-a-home-in-2007.html#comment-1206 Mike Sun, 18 Feb 2007 15:58:01 +0000 http://theweightofmoney.com/2007/02/musings-on-buying-a-home-in-2007.html#comment-1206 You're probably going to ban me from your site for telling you what to do but this column really hit home for me. Without getting into the entire story my wife and I currently own a house that is not all that affordable for us. My old house was smaller and a "trade up" as you put and to be honest I wish we were still living there. We kind of rushed things too much and ended up making some housing decisions that might work out in the long run but they aren't working out too well now. My point is that you might want to reconsider the need to buy a house that you can stay in for 20 years. Get what you can afford - you will enjoy it a lot more than a better house that you can't afford!! Trust me I know!! We used some of the same rationalizations to justify buying the house - ie don't want to move again, it has everything we "need" etc. Even a trade up house will represent quite a bit of stability for your family - you'll be there a minimum of 5 years, possibly 10 which sounds like a lot longer than most of your previous residences. You’re probably going to ban me from your site for telling you what to do but this column really hit home for me.
Without getting into the entire story my wife and I currently own a house that is not all that affordable for us. My old house was smaller and a “trade up” as you put and to be honest I wish we were still living there. We kind of rushed things too much and ended up making some housing decisions that might work out in the long run but they aren’t working out too well now.
My point is that you might want to reconsider the need to buy a house that you can stay in for 20 years. Get what you can afford - you will enjoy it a lot more than a better house that you can’t afford!! Trust me I know!! We used some of the same rationalizations to justify buying the house - ie don’t want to move again, it has everything we “need” etc.
Even a trade up house will represent quite a bit of stability for your family - you’ll be there a minimum of 5 years, possibly 10 which sounds like a lot longer than most of your previous residences.

]]> By: Personal Carnival #5 » The Weight of Money http://theweightofmoney.com/2007/02/musings-on-buying-a-home-in-2007.html#comment-957 Personal Carnival #5 » The Weight of Money Tue, 06 Feb 2007 19:30:43 +0000 http://theweightofmoney.com/2007/02/musings-on-buying-a-home-in-2007.html#comment-957 [...] understanding the weight of money « Musings on Buying a Home in 2007 [...] [...] understanding the weight of money « Musings on Buying a Home in 2007 [...]

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