Reply to What is it like to be “house poor”?

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Reply to "What is it like to be “house poor”?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote]No eating out. No vacations. No activities for your kids. No splurges. No new clothes. No going to the movies. No replacing things that get broken that aren't necessities. No upgrading phones. No streaming services.
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This is how I grew up.  Nice house.  Nothing else.  It also means extreme stress in every recession or downturn.  Even as a kid, I constantly worried that we'd end up homeless because there was no padding.  It was our really nice house or, if my dad lost his job, our car.[/quote]
OP said it would be tight for a year or so. I agree with you if it’s for several years, but I’d happily forego a year or two of vacations and extras to trade off for a house. Especially now that we’re home so much. [/quote]

OP if you are 30 and your income will go up a lot and this will allow you to avoid needing to move again in five years, I would go for it. Hassle of being stretched for a few years is countered but avoiding headache and cost of another move. But if you are 45 and your income won't go up much, I would think really hard about it.[/quote]

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