[UCguy]

More and more good stuff on this thread. I am VERY grateful!

Good posts about maintenance. I was worried about it. Unfortunately we have very little budgeted for entertainment and vacations. (The rest is for necessary plane trips for the (grand)parents to see us and the kids, or viceversa). Amusement park memberships which we use all the time, and that’s about it…We don’t go in vacations, there is enough to do locally.

I think we’ll buy a house in decent shape so we shouldn’t have to do anything major right away. About waiting for the prices to decrease, hopefully that would make the wait for saving 20% down more palatable….

[UCguy]

More and more good stuff on this thread. I am VERY grateful!

Good posts about maintenance. I was worried about it. Unfortunately we have very little budgeted for entertainment and vacations. (The rest is for necessary plane trips for the (grand)parents to see us and the kids, or viceversa). Amusement park memberships which we use all the time, and that’s about it…We don’t go in vacations, there is enough to do locally.

I think we’ll buy a house in decent shape so we shouldn’t have to do anything major right away. About waiting for the prices to decrease, hopefully that would make the wait for saving 20% down more palatable….

[UCguy]

More and more good stuff on this thread. I am VERY grateful!

Good posts about maintenance. I was worried about it. Unfortunately we have very little budgeted for entertainment and vacations. (The rest is for necessary plane trips for the (grand)parents to see us and the kids, or viceversa). Amusement park memberships which we use all the time, and that’s about it…We don’t go in vacations, there is enough to do locally.

I think we’ll buy a house in decent shape so we shouldn’t have to do anything major right away. About waiting for the prices to decrease, hopefully that would make the wait for saving 20% down more palatable….

[UCguy]

More and more good stuff on this thread. I am VERY grateful!

Good posts about maintenance. I was worried about it. Unfortunately we have very little budgeted for entertainment and vacations. (The rest is for necessary plane trips for the (grand)parents to see us and the kids, or viceversa). Amusement park memberships which we use all the time, and that’s about it…We don’t go in vacations, there is enough to do locally.

I think we’ll buy a house in decent shape so we shouldn’t have to do anything major right away. About waiting for the prices to decrease, hopefully that would make the wait for saving 20% down more palatable….

[UCguy]

More and more good stuff on this thread. I am VERY grateful!

Good posts about maintenance. I was worried about it. Unfortunately we have very little budgeted for entertainment and vacations. (The rest is for necessary plane trips for the (grand)parents to see us and the kids, or viceversa). Amusement park memberships which we use all the time, and that’s about it…We don’t go in vacations, there is enough to do locally.

I think we’ll buy a house in decent shape so we shouldn’t have to do anything major right away. About waiting for the prices to decrease, hopefully that would make the wait for saving 20% down more palatable….

[UCguy]

[quote=bearishgurl]In addition, buyers with school-age kids don’t want to move them unless they are on a break from school that is at the same time as the break of the school they are transferring to (likely summer). So, like it or not, those buyers with school-age kids are neck-to-neck in competition for the same houses with hoardes of other parent-buyers (“herding mentality”).[/quote]

Bearishgurl, I’ve popped on this thread because it was related to mine. This is a little OT, but since you mentioned the mentality of parents with school-age kids…

Frankly, we haven’t considered moving the kids only in summer – I mean, it’d be preferable, but it won’t factor in the timing of a house purchase. They’ll have to adapt I suppose.

doees anybody know, if you change residence in the middle of the school year – does the kid have an option to finish the year at his current school? (even if you moved to a different school district?)
thanks.

[UCguy]

[quote=bearishgurl]In addition, buyers with school-age kids don’t want to move them unless they are on a break from school that is at the same time as the break of the school they are transferring to (likely summer). So, like it or not, those buyers with school-age kids are neck-to-neck in competition for the same houses with hoardes of other parent-buyers (“herding mentality”).[/quote]

Bearishgurl, I’ve popped on this thread because it was related to mine. This is a little OT, but since you mentioned the mentality of parents with school-age kids…

Frankly, we haven’t considered moving the kids only in summer – I mean, it’d be preferable, but it won’t factor in the timing of a house purchase. They’ll have to adapt I suppose.

doees anybody know, if you change residence in the middle of the school year – does the kid have an option to finish the year at his current school? (even if you moved to a different school district?)
thanks.

[UCguy]

[quote=bearishgurl]In addition, buyers with school-age kids don’t want to move them unless they are on a break from school that is at the same time as the break of the school they are transferring to (likely summer). So, like it or not, those buyers with school-age kids are neck-to-neck in competition for the same houses with hoardes of other parent-buyers (“herding mentality”).[/quote]

Bearishgurl, I’ve popped on this thread because it was related to mine. This is a little OT, but since you mentioned the mentality of parents with school-age kids…

Frankly, we haven’t considered moving the kids only in summer – I mean, it’d be preferable, but it won’t factor in the timing of a house purchase. They’ll have to adapt I suppose.

doees anybody know, if you change residence in the middle of the school year – does the kid have an option to finish the year at his current school? (even if you moved to a different school district?)
thanks.

[UCguy]

[quote=bearishgurl]In addition, buyers with school-age kids don’t want to move them unless they are on a break from school that is at the same time as the break of the school they are transferring to (likely summer). So, like it or not, those buyers with school-age kids are neck-to-neck in competition for the same houses with hoardes of other parent-buyers (“herding mentality”).[/quote]

Bearishgurl, I’ve popped on this thread because it was related to mine. This is a little OT, but since you mentioned the mentality of parents with school-age kids…

Frankly, we haven’t considered moving the kids only in summer – I mean, it’d be preferable, but it won’t factor in the timing of a house purchase. They’ll have to adapt I suppose.

doees anybody know, if you change residence in the middle of the school year – does the kid have an option to finish the year at his current school? (even if you moved to a different school district?)
thanks.

[UCguy]

[quote=bearishgurl]In addition, buyers with school-age kids don’t want to move them unless they are on a break from school that is at the same time as the break of the school they are transferring to (likely summer). So, like it or not, those buyers with school-age kids are neck-to-neck in competition for the same houses with hoardes of other parent-buyers (“herding mentality”).[/quote]

Bearishgurl, I’ve popped on this thread because it was related to mine. This is a little OT, but since you mentioned the mentality of parents with school-age kids…

Frankly, we haven’t considered moving the kids only in summer – I mean, it’d be preferable, but it won’t factor in the timing of a house purchase. They’ll have to adapt I suppose.

doees anybody know, if you change residence in the middle of the school year – does the kid have an option to finish the year at his current school? (even if you moved to a different school district?)
thanks.

[UCguy]

[quote=FormerSanDiegan][quote=Scarlett]What about maintenance of the home – how much should one put aside monthly for this stuff? If he is buying in Poway, or PQ, it could be house that’s built in 70s and have enough deferred maintenance and other ongoing issues.[/quote]

Zero $. As a homeowner, mainrtenance becomes your new hobby, so you are essentially replacing your current expensive hobbies and travel (like say a twice-yearly ski trip to Utah or Mammoth) with painting, replacing water heaters and other fun houshold maintenance projects.[/quote]
What if you don’t have any expensive hobbies? Travel abroad is a necessity for us – only to visit immediate family who cannot come over here. Otherwise we live pretty frugally as it is. It’s likely we won’t buy something that doesn’ have a tile or composite shingle roof. But what if the plumbing is all polybutilene (or whatever) and wasn’t replaced?
I can’t even think of what something MAJOR COULD go wrong in a house, it’s kind of scary. Little fixes jobs that cost only a few hundred, I am ok with those. Replacing the windows with double-paned vinyl ones – I see that be somewhat necessary. Our current rental doesn’t have them and leaks like a sieve, if it’s be mine, I’d replace the windows in a second – but I’ve heard it costs north of 10K.

[UCguy]

[quote=FormerSanDiegan][quote=Scarlett]What about maintenance of the home – how much should one put aside monthly for this stuff? If he is buying in Poway, or PQ, it could be house that’s built in 70s and have enough deferred maintenance and other ongoing issues.[/quote]

Zero $. As a homeowner, mainrtenance becomes your new hobby, so you are essentially replacing your current expensive hobbies and travel (like say a twice-yearly ski trip to Utah or Mammoth) with painting, replacing water heaters and other fun houshold maintenance projects.[/quote]
What if you don’t have any expensive hobbies? Travel abroad is a necessity for us – only to visit immediate family who cannot come over here. Otherwise we live pretty frugally as it is. It’s likely we won’t buy something that doesn’ have a tile or composite shingle roof. But what if the plumbing is all polybutilene (or whatever) and wasn’t replaced?
I can’t even think of what something MAJOR COULD go wrong in a house, it’s kind of scary. Little fixes jobs that cost only a few hundred, I am ok with those. Replacing the windows with double-paned vinyl ones – I see that be somewhat necessary. Our current rental doesn’t have them and leaks like a sieve, if it’s be mine, I’d replace the windows in a second – but I’ve heard it costs north of 10K.

[UCguy]

[quote=FormerSanDiegan][quote=Scarlett]What about maintenance of the home – how much should one put aside monthly for this stuff? If he is buying in Poway, or PQ, it could be house that’s built in 70s and have enough deferred maintenance and other ongoing issues.[/quote]

Zero $. As a homeowner, mainrtenance becomes your new hobby, so you are essentially replacing your current expensive hobbies and travel (like say a twice-yearly ski trip to Utah or Mammoth) with painting, replacing water heaters and other fun houshold maintenance projects.[/quote]
What if you don’t have any expensive hobbies? Travel abroad is a necessity for us – only to visit immediate family who cannot come over here. Otherwise we live pretty frugally as it is. It’s likely we won’t buy something that doesn’ have a tile or composite shingle roof. But what if the plumbing is all polybutilene (or whatever) and wasn’t replaced?
I can’t even think of what something MAJOR COULD go wrong in a house, it’s kind of scary. Little fixes jobs that cost only a few hundred, I am ok with those. Replacing the windows with double-paned vinyl ones – I see that be somewhat necessary. Our current rental doesn’t have them and leaks like a sieve, if it’s be mine, I’d replace the windows in a second – but I’ve heard it costs north of 10K.

[UCguy]

[quote=FormerSanDiegan][quote=Scarlett]What about maintenance of the home – how much should one put aside monthly for this stuff? If he is buying in Poway, or PQ, it could be house that’s built in 70s and have enough deferred maintenance and other ongoing issues.[/quote]

Zero $. As a homeowner, mainrtenance becomes your new hobby, so you are essentially replacing your current expensive hobbies and travel (like say a twice-yearly ski trip to Utah or Mammoth) with painting, replacing water heaters and other fun houshold maintenance projects.[/quote]
What if you don’t have any expensive hobbies? Travel abroad is a necessity for us – only to visit immediate family who cannot come over here. Otherwise we live pretty frugally as it is. It’s likely we won’t buy something that doesn’ have a tile or composite shingle roof. But what if the plumbing is all polybutilene (or whatever) and wasn’t replaced?
I can’t even think of what something MAJOR COULD go wrong in a house, it’s kind of scary. Little fixes jobs that cost only a few hundred, I am ok with those. Replacing the windows with double-paned vinyl ones – I see that be somewhat necessary. Our current rental doesn’t have them and leaks like a sieve, if it’s be mine, I’d replace the windows in a second – but I’ve heard it costs north of 10K.

[UCguy]

[quote=FormerSanDiegan][quote=Scarlett]What about maintenance of the home – how much should one put aside monthly for this stuff? If he is buying in Poway, or PQ, it could be house that’s built in 70s and have enough deferred maintenance and other ongoing issues.[/quote]

Zero $. As a homeowner, mainrtenance becomes your new hobby, so you are essentially replacing your current expensive hobbies and travel (like say a twice-yearly ski trip to Utah or Mammoth) with painting, replacing water heaters and other fun houshold maintenance projects.[/quote]
What if you don’t have any expensive hobbies? Travel abroad is a necessity for us – only to visit immediate family who cannot come over here. Otherwise we live pretty frugally as it is. It’s likely we won’t buy something that doesn’ have a tile or composite shingle roof. But what if the plumbing is all polybutilene (or whatever) and wasn’t replaced?
I can’t even think of what something MAJOR COULD go wrong in a house, it’s kind of scary. Little fixes jobs that cost only a few hundred, I am ok with those. Replacing the windows with double-paned vinyl ones – I see that be somewhat necessary. Our current rental doesn’t have them and leaks like a sieve, if it’s be mine, I’d replace the windows in a second – but I’ve heard it costs north of 10K.

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