This was valuable! I like the snippet. For someone such as myself, this is helpful because I’m in a somewhat similar position. The considerations, insight, and advice you mentioned were great! So glad that the Compound brought you in!
Loved it. We were in the same situation a couple of years ago. We almost got swept up in the home buying business when we moved but backed out at the last minute. Now happy renters.
Jill should have included more background in the "No" on whether or not to buy. Husband not having a job and applying for a mortgage would not satisfy underwriting and her alone purchasing power would be insufficient for anything additional with outstanding WA mortgage $1650 and car $1000 without an established rental income history on the WA house. It isn't that they shouldn't buy a home in Tucson, they simply can't. Home equity on the WA house for down payment, hard, but maybe. Been reading the Compound bloggers for years before Ritholtz wealth 2013 and continue to do so FWIW. Thought I'd check out this new series.
I purchased a house for some berries and a dance. Now it's worth 500 grand. I'm a 29 Y/O that has 200k and can't live in my neighborhood in NYC because houses went from 400k to 800k 😡
I'm confused by your comment. What do you mean by "berries and a dance"? What do mean you can't live in *your* neighborhood in NYC? If you aren't already living there, how is it you call it *your* neighborhood?
@rossmacintosh5652 I'm still living in my hometown I work there, but I went to school, did the right thing, saved money for seven years, and then, bam, houses doubled.
@@DarkLordJmac Thanks for the reply. I still don't understand the dancing berries part. 😁 I live in a nice paid for house with a water view. If I sold it and moved to a big city, most of the housing would be out of reach. Instead of worrying about that I.m grateful to be where I am. I do feel sorry for those who find they can't afford to live in the places they grew up and know.
