Reply to Is it possible for me to buy this house?

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[quote=Anonymous][quote=Anonymous]Wait, so you spent 25k on home maintenance on a home you only have 75k equity in (let's go low considering costs to sell) and are considering selling it with that little non liquid savings?
Why?[/quote]

We had tree roots clog our outdoor sewer line which caused our basement to flood. We had to redo the flooring in our finished basement, replace the sewer line, and repair our lawn. The washer, dishwasher, garbage disposal, and refrigerator all had to be replaced in the last year. We had a dilapidated wooden deck that we tore down and replaced with a stone patio. Other than the patio (and we had to do something as the deck had become hazardous), none of that stuff was really our choice.  There has been absolutely no home value appreciation in our neighborhood in the years since we bought the house. Houses are actually selling for less than they did 8-10 years ago. Every bit of equity is money that we put into the house. Sure, we could have saved more but we have had two kids in daycare (which is ending this year when they go to K).  We max out our 401k contributions.  We're not extravagant by any stretch.   We take one domestic vacation a year and another trip to visit grandparents across country.  Our biggest non-fixed expense is food, and I just don't have the time to clip coupons or do rigorous meal planning to save a lot there.

We don't need to move and weren't planning on it, but I saw a beautiful, much bigger house in another area that has been sitting for a couple of months and was wondering if there was any way to make it work. I didn't think so, but thought I'd ask. I don't understand why some of the posters in this forum insist on berating people who ask questions for the state of their finances rather than just answering the question posed. [/quote]

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