Repost from Home boards--Buying vs. Renting- Woulda, Coulda, Shoulda

Original post by amy0405

Apr 11, 2004 08:59 PM

FH and I will be moving in together after the wedding. I live on my own, FH still lives home. Suffice to say, he is saving some $$ while I am lucky if I put a nickel away.

Anyway, we are torn.. Do we buy something, and struggle for a while? Shoud we rent, and save some $$. PS, we are not in the lucrative fields. I am a social worker, he is NYPD.

Can anyone share some hindsight with me?? does anyone wish they would have done things differently??

MayDay16 Posted: Apr 14, 2004 08:37 AM

Re: Repost from Home boards--Buying vs. Renting- Woulda, Coulda, Shoulda

This is what I am going through right now. Here are my thoughts. Currently I rent. All my utilities are included, I pay only phone and cable. We are saving for a house, but you need to put atleast 50-70K down on house to have a managable mortgage.

I don't have to pay for electric, home owners insurance, lawn care, water, taxes, etc. In my minds eye I am saving some money for the time being.

My thoughts are if my husband and I buy a house I will be forced to work when I decide to have children. To me that is what I am struggling with right now. Should I be more concerned with paying a $2,500 dollar mortgage or staying home when I have a baby.

The JOYS of living on Long Island.