Buying a House vs Expensive Wedding

So lately, me and FH have been looking at houses to buy since we currently rent.

How many of you wish that maybe you bought a house and had a smaller wedding?

If we weren't having such an expensive wedding, we could have totally purchased the house we are looking at. But FH wants to wait till around the wedding to buy, but I think the time might be now.

Anyone have any advice on what you and FH plan to do if you don't already own a house?
I can't see how its possible to save for both right now, or to buy a house right now and be able to continue saving for the wedding and afford a mortgage.

I am so confused and torn with what to do!

TIA

i would definetly have cut back much more and saved for a house. we do have enough for a down payment now but if we do buy now then we are flat a$$ broke!

so we are going to wait and hope to have some wedding gift money to use.

You know, it all depends. I personally think that having the downpayment money- say $60k+ in cash is not enough. You also have to consider fees/taxes/closing costs/ ect. Not to mention furnishing the house and any renovations.

We initially were going purchase but I may be moving to London for 18 months in 2010 and we don't plan on kids for at least 3 years so having an empty house which we may not even live in right now does not make sense for us. Opportunities will be there. Only you guys know what is best for you.

I just had FSIL call me telling me that her friends neighbor is selling their house for a steal because they are getting a divorce. She said it is in the same town as the house we want.

Turns out...it is the same house! So, my parents, FH's parents, are going to try to help us work this out now. It seems meant to be! We have a good amount already for a down payment, but our parents want to try to help us get this house now.

I am so excited! We are going to try to look at the house this weekend!

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Posted by smrsun

I just had FSIL call me telling me that her friends neighbor is selling their house for a steal because they are getting a divorce. She said it is in the same town as the house we want.

Turns out...it is the same house! So, my parents, FH's parents, are going to try to help us work this out now. It seems meant to be! We have a good amount already for a down payment, but our parents want to try to help us get this house now.

I am so excited! We are going to try to look at the house this weekend!

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OH that's TOTALLY meant to be!!! AWESOME
Keep us posted!

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Posted by smrsun

I just had FSIL call me telling me that her friends neighbor is selling their house for a steal because they are getting a divorce. She said it is in the same town as the house we want.

Turns out...it is the same house! So, my parents, FH's parents, are going to try to help us work this out now. It seems meant to be! We have a good amount already for a down payment, but our parents want to try to help us get this house now.

I am so excited! We are going to try to look at the house this weekend!

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Wow, that's crazy! Good luck!

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Posted by smrsun

I just had FSIL call me telling me that her friends neighbor is selling their house for a steal because they are getting a divorce. She said it is in the same town as the house we want.

Turns out...it is the same house! So, my parents, FH's parents, are going to try to help us work this out now. It seems meant to be! We have a good amount already for a down payment, but our parents want to try to help us get this house now.

I am so excited! We are going to try to look at the house this weekend!

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WOW, its meant to be then

We dont own a house. We currently rent. We have a smaller and less expensive wedding. Granted, it's still denting our pockets, BUT we're managing.

As far as the living situation, FILS are selling their house in Queens and we are purchasing a 2 family house with them. Many people think its crazy to move in with FILS but I adore them and eventually we will purchase a 1 family home.

The only thing I regret out of this whole thing was booking my first RH which has YET to give me the money back...

we arent having an 'expensive wedding' to begin with I mean I guess compared to other people's wedding.. lol .. so we probably wouldnt have had enough to put down a good house and so we are waiting until after the wedding.

Also, the housing market is going to be slow for at least another 2 years and I think we could still be able to buy a house that we normally couldnt otherwise afford

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Posted by littlepixie12

we arent having an 'expensive wedding' to begin with I mean I guess compared to other people's wedding.. lol .. so we probably wouldnt have had enough to put down a good house and so we are waiting until after the wedding.

Also, the housing market is going to be slow for at least another 2 years and I think we could still be able to buy a house that we normally couldnt otherwise afford

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lol its true. What constitutes an expensive wedding? Some people have different opinions on the cost of weddings and with the cost of DPs for houses now, forget it!

Supposedly the bubbles gonna pop soon. Who knows.

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Posted by DonnaPWhite1124

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Posted by littlepixie12

we arent having an 'expensive wedding' to begin with I mean I guess compared to other people's wedding.. lol .. so we probably wouldnt have had enough to put down a good house and so we are waiting until after the wedding.

Also, the housing market is going to be slow for at least another 2 years and I think we could still be able to buy a house that we normally couldnt otherwise afford

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lol its true. What constitutes an expensive wedding? Some people have different opinions on the cost of weddings and with the cost of DPs for houses now, forget it!

Supposedly the bubbles gonna pop soon. Who knows.

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thats what they keep saying.. but I just heard on CNN that think they it will get better but still at least another 2 years to get houses that you wouldnt be able to before.. so thats good news to me because in my area houses are like 1million and the down payment for that is like 500 thousand!...sorry but my wedding is soooooooo no where near that..

we cant afford either so it really wasnt an option to have a super big wedding or a expensive house