May
04
Posted on 05-04-2008 at 09:56am
Filed Under (Real Estate) by Newscoma on 05-04-2008

Aunt B. has been talking about buying a house, but it’s a bit daunting.

Okay, so, I’ve been talking to everyone I see in person about buying a house, everyone except for a banker, because I just don’t want to go in and waste time if I can’t afford a mortgage.  And so I’m playing this f**ked up game in my mind where I talk about getting a house and I dream about getting a house, but I go to the mortgage calculators online and they say that I can’t afford a house.

Never mind that every month I write a check that is a house payment.  Hell, it’s probably more than the payment on this place.

Is it a good time for her or not? There are plenty of real estate folks out there who might be able to give her some logical good advice but also remember, buying a house is also about our inner emotions and fears about setting down roots.

What does one do?

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Comments

Mary Coleman on 5 May, 2008 at 5:30 pm #

Look, look and look. If you find a house that feels right financially and aesthetically then move forward.
If no, it’s not the right time.


democommie on 7 May, 2008 at 8:50 am #

If you can afford monthly rent without breaking your budget AND you can find the downpayment (probably back up to 10% for most mortgages of the type you’d want) AND the mortgage agreement is clear, concise and fair–go for it.


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