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][quote=Anonymous]Y'all are so off topic. OP's kids are small and don't have mental health issues. She was just living to the max and it bit her in the a$$.[/quote]

Top of page 3, OP talks about her kids having special needs. Whether that be mental health or physical, you’re splitting hairs in an attempt to bash her. [/quote]

This.  Look, I'm sure OP has regrets with the mortgage but that's not helpful now.  But, it could be a helpful life lesson for the rest of us to be as conservative as possible because you never know what life will throw at you.  OP, I hope some previous suggestions helped and that you find a new job soon.  But I'd also be prepared for it taking longer than you think- my friend ended up being unemployed for a year when they were laid off.  In their case they only had one in daycare but were hesitant to give up their spot because it's hard to get back.  So they pushed through and managed to cover mortgage, bills, and daycare on her DH's salary but there was very little left after that and they definitely had racked up credit card debt when it was all said and done.[/quote]

Their house price was 800k on a HHI that was at least 250k, likely more.  It's just worth 1.5m now.  I doubt OP is regretting it.  They just have a temporary cash crunch due to layoff plus other circumstances.  No need to catastrophize.[/quote]

$800k in a very low cost of living area, plus they've put additional money into it in renovations.   It sounds very extravagant, TBH.[/quote]

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