Bought in SEH after almost two years of renting. In that time – thanks to this site and all you posters – I saved about 30% and a lot of heartache.
This is definitely not my dream house but will suit us just fine for the next 15 years. The payment is low enough that I could sustain a 33% paycut and still live just the way I do today. It is cheaper than our rent after taxes. The upside is the house is paid off in 10-12 years if the depression doesn’t get us.
With 20% down we still have 6 months reserves to add to a theoretical 6 month severance. Anything after that would involve tapping HELOC, IRA’s or 401k – terrible options but better than starving. If I can’t find a job after 2 or more years, I assume retirement will be the furthest thing from anyones mind anyways.
Again – thanks to all. I will continue to lurk from time to time.
I kind of like SEH, but the HOA and Mello-Roos is just too much for my tastes.
I say I am waiting for Carlsbad but really I am looking forward to a custom or spec home in Encinitas or maybe Fallbrook to come into the 50% or more off club.
I kind of like SEH, but the HOA and Mello-Roos is just too much for my tastes.
I say I am waiting for Carlsbad but really I am looking forward to a custom or spec home in Encinitas or maybe Fallbrook to come into the 50% or more off club.
I kind of like SEH, but the HOA and Mello-Roos is just too much for my tastes.
I say I am waiting for Carlsbad but really I am looking forward to a custom or spec home in Encinitas or maybe Fallbrook to come into the 50% or more off club.
I kind of like SEH, but the HOA and Mello-Roos is just too much for my tastes.
I say I am waiting for Carlsbad but really I am looking forward to a custom or spec home in Encinitas or maybe Fallbrook to come into the 50% or more off club.
I kind of like SEH, but the HOA and Mello-Roos is just too much for my tastes.
I say I am waiting for Carlsbad but really I am looking forward to a custom or spec home in Encinitas or maybe Fallbrook to come into the 50% or more off club.
