Crystal wants to know when you think you should buy your first home?
March 5th 2008 10:39
I think I'm still in some shock over Andrew, I just wish things would slow down a little.
At least going to work restricts how much we can see each other during the week.
Andrew seems to have come out of a deep sleep, leaping out of his inertia of the last four years as he puts in when he got himself tangled up with his house and his farm, probably a bit much all at once that way.
I received some lovely comments from all of you which I''ll attend to as soon as I get a chance. At the moment I have a cold and I am sneezing all over the place, if I'm not better to-morrow I just may have the day off and miss Ballet in the evening too.
I think being single and living independently these last few years has made me a bit selfish and the same could be said of Andrew, I guess having a partner does involve give and take so that will take some adjustments.
Just enjoying being part of a couple is sufficient for me at present so I do hope Andrew eases up a bit.
We're going up to the farm this weekend together and it will be interesting to see what progess, if any, Andrew has made as regards getting his needs sorted out. And he in a top Finance job, a case of the bootmaker's children having no shoes it seems to me.
He certainly has the skills to make up his own mind about these things and I'm just going to wait to see what happens and go along for the ride.
I know a lot of people are talking about love but I think love means different things to different people and I wouldn't say I see myself, in any way, as fitting the norm.
It will be some more fun and dining out again I guess but I expect wherever we end up it will be rather casual.
It's only a short post to-night as I am still sneezing and please forgive me for not getting back to you sooner, I'll catch up on your comments and my visiting, sometime to-morrow, that's if I'm not too sick, I was freezing cold this evening earlier now I feel overly warm.
As Andrew and I have both bought houses in different circumstances I am starting to wonder if it's such a good idea.
So when do you think you should buy your first home?
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Comment by tlcorbin
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Will the monthly mortgage payments be more than 35% of your monthly income? In addition to that payment, there will be home insurance and maintenance costs that can eat half of your income and put a financial stress on you. Don't forget monthly utility costs.
If he buys the house for cash and lists you as co-owner, hey, it's all good. Your half of the assets will provide a means for you to start over should there be a future breakup. The same would be true if a large down payment were paid. And whose furnishings will be relegated to the yard sales or dump?
This is an unromantic perspective of the situation, but a real one. Need more abuse? I have fatherly advice that'll curl your hair....hahaha, just think about this a little more, and keep the house sized to be met by a single income stream.
Raven
Comment by katyzzz
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It's never too early to buy real estate but if Andrew and you do get together you'll have more than average sorting out, financially, to do and deciding where to live, what to buy, what to sell etc
But, for everyone, buy real estate as soon as you can afford it but watch the economy for any slumps which are occurring now. Of course, if you want security there's no better way than with an affordable piece of real estate.
But some do not seek this, but Crystal, you and Andrew already know the ups and downs of real estate ownership and the expenses that go into running a home.
You two seem to have the world at your feet.
Comment by Louie
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I read a comment that someone thinks you are Katyzzz........
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Comment by KylieW
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I personally never gave a s**t about owning a house. However, my sister and I ended up buying one together last year. I know it's a good investment and all that....blah, blah. And I really love my house. But if it hadn't been for my sister really wanting to buy something, I'd still be renting. I did not want some huge mortgage hanging over my head. So instead my sister and I bought a place together. Made it much more affordable. Also, I figure buying a house with a family member was a better bet than buying it with a partner. Committing for 25 yrs to something is a serious commitment!
Comment by Jarrah
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Simple. LOL
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Comment by Shan Jayaweera
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Hey there,
If you feel you are ready my advice would be go but DO NOT borrow the entire amount. I'd try to put in between 5% and 15%. Make sure the house is in a reasonable area and has a better than good chance of rising in value in the short to medium term (in case you need to get out of it). Finally I would spread th home loan between fixed and variable interest rates - fixed is more expensive but if we get rate rises you are half covered and if we get rate falls you still get some of the benefit - hedging your bets on interest rates. Most importantly make sure you can pay the mortgage with a little leeway.
When you have a spare minute please check out my youtube blogs
www.watchingyoutube.com
www.videotoes.com
let me know what you think!
(thanks for your time)
Comment by Michaelie
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I found it all very intriguing to begin with but I guessed that others must have worked it out too - and not just this one!
Crystal, everyone in my family is pretty good with real estate. My little brother and my parents in particular have scored in the housing market.
Michaelie
Comment by Krystal
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It is about feelings and we all experience those and it had its origins, obviously, in the triple themes of fear, love, hate.
I feel some obligation to be true to those roots to a limited extent especially as I represent the opposite end of the spectrum.
I’d like you to know that I have just the right amount of curl in my hair, so such disclosures would serve little purpose for me but they may help someone else.
Katyzzz, what you say is true but I think it is the very working out of such things that is beginning to cross my mind, something that I have not given a great deal of thought to before as I hadn’t actually got to the stage of wanting to go too far forward, and I’m still hesitant about that one. I’d just like to live like my mum and dad, happy to be married and happy with one another, although I’m sure there are areas of their life which I would not find acceptable, being a young, educated, enlightened woman of virtually independent means. But I accept it was different for my mum and dad when they were married, the world seems to be on perpetual fast forward.
Louie, I’m wondering just for the exercise and thinking of other people too, of course, and I’d pay scant attention to anonymous comments if I were you. That suggestion was hit on the head and explained ages ago and it was all due to error when I first arrived and it does take a while to get to know the place you know.
And the truth is, I must confess, although I am unaware that this blog functions as the confessional, that I am NOT a pink tulip. There, you’ve had it, straight from my very own mouth.
Tracy, I give you the benefit of wondering the same as Louie was wondering and are not a party to that second scandalous inference. I am ME. ME, ME and that is all I am and ever will be and I like myself very much and as katyzzz says I have the world at my feet.
Cib, Real estate considering home ownership is capital gains tax free is the investment to make especially if you are seeking security of tenure, do not buy ill advisably and want a nice home in which to raise children.
There are people of course who are not attracted by this security but many a person has said to me and my family and friends “I wish I had bought real estate years ago, it’s almost impossible now” Yes, I’ve seen some of the experts’ calculations but I’m not impressed, they always seem to leave out critical factors. If you have shares and things go bust all you are left with is ‘paper’ if you own real estate or have reasonable equity you will always have the house, you can live in that through ‘thick and thin’, but of course our views are determined by our own particular circumstances.
It’s good to have a cross section of comments.
Kylie, I’m glad you have bought now and I think the sister is a far better deal than some of the ‘partners’ on offer, especially as we get older. Well done.
Jarrah, a little modest borrowing is surely acceptable. If you wait until you have all the cash, you’ll wait a very long time indeed and miss out on other things.
Shan, that’s a very thoughtful, considered comment you have made which I’m sure will be useful to many considering their options.
Michaelie, what can I do with you, please see reply to Louie and the confessional.
All I can say is Anonymous aka ‘no names’ aka Michaelie, HONEY, you’ve been sprung so let’s not hear and fan these ridiculous rumours any longer. I enjoy being ME, masquerading only as a pink tulip. So there, let the matter end.
It’s all that nonsense that the “SEX” girls carry on with that is affecting you.
Well done EVERYONE, these have been a fantastic range of comments. THANK YOU.
Please remember this is NOT an investment advice blog, just a range of opinions, based on people's feelings.
Comment by Jarrah
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Who the hell has all the cash????
It doesn't take a genius.
Talk to your accountant.
You got the cash. Go.
If not. Don't.
Comment by Norm
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only katyzzz could pose such a tricky question.
Nudge, nudge.
Wink.
Wink.
Comment by Michaelie
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I didn't write the anonymous comment - I didn't even see it. I just assumed Louie came across the comments I wrote months ago here.
The cat's out of the bag, you might as well admit it and have a laugh about it. NO ONE thinks you are katyzzz because of some mix up you were rambling on about when you joined. We GET it. There has been plenty of other stuff to let us know, as well as the general feeling of made-up-ness which others have commented on (which makes it interesting to read, like reality-fiction) and I'm sure people have clicked as to your other two personalities as well... or are there more?
I thought it was fun and a bit cheeky until you wouldn't admit it in the face of evidence - some of which you changed, I saw.
There are others on here that do it too, some unabashedly and with irony which makes it fun. I know of another too, though I believe that person does it for a specific reason, ie not to confuse with their polar interests as they use details and photos from their real life under one name.
Michaelie
Comment by Krystal
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Nudge, nudge, wink, wink, I've been over to see you ,your titles are so brilliant but your content so naughty I didn't dare stop, when you post something normal I'll pop in to see you.
I guess the title is quite uninteresting, maybe you should write them for me, but it seems to have done the trick. And besides out of my adcents earnings which don't occur very often I think pride, alone, would mean you would not accept the position.
Comment by Krystal
feelings
I realise that blogs do not require brilliance of any kind and accordingly I don't display any,
I do love to see you all, tho, and there are other considerations than affordability when buying a property.
Good luck on Orble, you know I wish you well.
Comment by Krystal
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I prefer to hide my feeling behind a pink tulip and whatever people think as long as I have some readers I'm happy and I often laugh, more often than you realize.
So Michaelie aka ..... and whoever you know who blogs under whatever name for whatever reason, let them, it does not concern me too hoots, whoever took blogging seriously, I certainly don't but you certainly do and whatever you do feel happy about it, but don't rain on my parade with unacceptable frequency.
Are there some great RULES about blogging out there in cyberspace, well I suggest you go find them I, for one, am not interested.
Any time you want to comment about the post, feel free, but not to slander ME.
End of Story ...a great idea for someone else to blog about according to the rules of Michaelie ...aka......
Comment by Michaelie
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It would be slanderous to be mistaken for katyzzz.
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I wasn't sure who else realised and she got really mad at me when she started 'Holly' and I told her I knew it was her.
Comment by Norm
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heheheeeheeee
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I think Techno hit the nail on the head
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