Reply to I need about $20k to get us through a layoff-home equity loan?

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Reply to "I need about $20k to get us through a layoff-home equity loan?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My choice would be to get a part -time job and apply for jobs with the rest of the time. Keep the house and childcare.

If fast food/target feels below her, there are lots of hourly jobs filled with college grads, like bookstores and coffee shops. Tutoring is also a fantastic suggestion and I know tons of people who did this in between jobs, in order to pay their mortgages.

Also, depending on her profession, can she consult somehow?

Getting a loan right now is an extremely risky move that will make them even more house poor, and will negate the "screaming deal" thing.

[b]Years ago, we got th advice to always buy a house that we can afford on one income. Makes life way, way less stressful.[/b][/quote]

That’s because years ago it was possible. For most worker bees you need two incomes for decent house/schools/commute or one BIG income. [/quote]

No, you don't, you have to choose your housing wisely.  We got a sh@t shack that is 1000square feet as we wanted to make sure with job loss or another emergency we could afford the house.[/quote]
That’s just BS. The cost of housing is tied to location, schools, and somewhat lot size.

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