- This topic has 160 replies, 21 voices, and was last updated 14 years, 10 months ago by
LAAFTERHOURS.
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June 29, 2009 at 10:23 PM #422926June 29, 2009 at 10:49 PM #422208
sunny88
Participant[quote=waiting for bottom]I know, I know, it’s not the bottom – but I’m in.
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.[/quote]
Actually, I think we are at the bottom already… congrats!
June 29, 2009 at 10:49 PM #422437Participant[quote=waiting for bottom]I know, I know, it’s not the bottom – but I’m in.
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.[/quote]
Actually, I think we are at the bottom already… congrats!
June 29, 2009 at 10:49 PM #422710Participant[quote=waiting for bottom]I know, I know, it’s not the bottom – but I’m in.
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.[/quote]
Actually, I think we are at the bottom already… congrats!
June 29, 2009 at 10:49 PM #422779Participant[quote=waiting for bottom]I know, I know, it’s not the bottom – but I’m in.
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.[/quote]
Actually, I think we are at the bottom already… congrats!
June 29, 2009 at 10:49 PM #422941Participant[quote=waiting for bottom]I know, I know, it’s not the bottom – but I’m in.
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.[/quote]
Actually, I think we are at the bottom already… congrats!
June 29, 2009 at 11:28 PM #422213CA renter
ParticipantCongratulations on your new home, Waiting! 🙂
It might not be “almost Aviara,” but SEH is close enough, IMHO. Nice job on the discount and saved-up reserves.
Enjoy your new home!
June 29, 2009 at 11:28 PM #422442ParticipantCongratulations on your new home, Waiting! 🙂
It might not be “almost Aviara,” but SEH is close enough, IMHO. Nice job on the discount and saved-up reserves.
Enjoy your new home!
June 29, 2009 at 11:28 PM #422716ParticipantCongratulations on your new home, Waiting! 🙂
It might not be “almost Aviara,” but SEH is close enough, IMHO. Nice job on the discount and saved-up reserves.
Enjoy your new home!
June 29, 2009 at 11:28 PM #422784ParticipantCongratulations on your new home, Waiting! 🙂
It might not be “almost Aviara,” but SEH is close enough, IMHO. Nice job on the discount and saved-up reserves.
Enjoy your new home!
June 29, 2009 at 11:28 PM #422946ParticipantCongratulations on your new home, Waiting! 🙂
It might not be “almost Aviara,” but SEH is close enough, IMHO. Nice job on the discount and saved-up reserves.
Enjoy your new home!
June 29, 2009 at 11:50 PM #422223CBad
ParticipantCongrats! I have a couple of good friends who live in SEH and absolutely love it. I hope you’ll be very happy in your new home. 🙂
June 29, 2009 at 11:50 PM #422452ParticipantCongrats! I have a couple of good friends who live in SEH and absolutely love it. I hope you’ll be very happy in your new home. 🙂
June 29, 2009 at 11:50 PM #422726ParticipantCongrats! I have a couple of good friends who live in SEH and absolutely love it. I hope you’ll be very happy in your new home. 🙂
June 29, 2009 at 11:50 PM #422794ParticipantCongrats! I have a couple of good friends who live in SEH and absolutely love it. I hope you’ll be very happy in your new home. 🙂
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