Reply to What is affordable housing to you?

Forum Index » Real Estate

Reply to "What is affordable housing to you?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]Affordable is making the note/rent easily, paying utilities and your other bills without stress, not cutting back on food, having leftover money to split between checking, savings ie emergency fund and some money to go out and do things once in a while or to buy shoes and clothes. Factor in more for spouse and kids.

What most people do though is allow others to tell them what they can afford instead of working the numbers themselves. No one factors in what ifs. Like property taxes going up, upkeep, insurance going up, sickness, job loss, death. It happens. Most people are so set on I need to buy a house they don't think through what it involves then you end up arguing about money because there is none.  Not worth it.

If you think it through and factor in all the what ifs and you can afford it then do it. Just know the bank is counting on you to struggle and they'll be there to take that house and resell, resell, resell...

My oldest didn't factor in a job loss. His wife HAD to have a home. Brand new. They lost the house recently. Some learn the hard way.

[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics