Peekaru
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Post by Peekaru on Jul 7, 2017 13:07:47 GMT -6
skinandbones, I think I might have missed some words. I assume that you would move into their home and save that money? 1) How long have you been in your house? 2) Would you be purchasing their house or renting it from them? Or not renting from them? 3) What do you think about the area that you currently live in vs where you would move 4) what is the idea for when you have to move again? Would you have to move again? 5) where are they moving that they will want to come back in 5 years?
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Post by Betweenthelines on Jul 7, 2017 13:07:47 GMT -6
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Post by Betweenthelines on Jul 7, 2017 13:08:26 GMT -6
Peekaru, I was just thinking the same thing.. Like.. If they moved that far away, how would the bones family be saving that much money a month?
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Peekaru
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Post by Peekaru on Jul 7, 2017 13:11:21 GMT -6
Sorry, I rolled right into financial planner mode.
My B.
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Post by skinandbones on Jul 7, 2017 13:19:22 GMT -6
skinandbones , I think I might have missed some words. I assume that you would move into their home and save that money? 1) How long have you been in your house? 4 years, 2ish months2) Would you be purchasing their house or renting it from them? Or not renting from them? we would be renting3) What do you think about the area that you currently live in vs where you would move They only live a quarter mile away. We would lose the community pool/clubhouse since we would no longer be residents (and not paying the HOA fees). Kids would still go to their school.4) what is the idea for when you have to move again? Would you have to move again? We had talked about moving in a few years anyway to the other side of town. But the timeframe depended a lot on when we pay off all our debt and built up a sizable savings. So in theory, if we are able to pay off most of our debt with the sale of our house and then band the rest, the timeline moves up quite a bit (as in we are actually able to give a more concrete timeline). The move to the other side of town would be our never move again home. 5) where are they moving that they will want to come back in 5 years? They would be moving to literally a cabin in the woods in the middle of nowhere. They think in 5 years they will not be able to "handle" aging out there. Like doctors are far, stores are far, whatever. They are still young but for whatever reason they think they are a million years old. I'm not sure I'm explaining this well. But I'm thinking things through to when they are going to need more care. DH and I can't agree on what to do there- moving into our home seems to be the default answer. I'll spare the details but this makes me fucking nervous. I'm worried in 20 years when we are there renting this house will be a "remember the time we helped you.."
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Post by skinandbones on Jul 7, 2017 13:21:52 GMT -6
Peekaru , I was just thinking the same thing.. Like.. If they moved that far away, how would the bones family be saving that much money a month? They have paid off both houses. Basically we are just paying the taxes and insurance that they would pay if they tried to keep 2 houses. By "they," I mean, the in laws. They have plans to come once a month but if we moved into their (smaller) house I have no fucking clue where they would sleep. At least in our current house, I can throw a blow mattress on my office floor.
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Post by RunsforWineandCarbs on Jul 7, 2017 13:24:10 GMT -6
Betweenthelines, H will also be receiving, a new tank top (because he loves tanks and it's perfect for the beach) a new $45 wallet and new flip flops - all which are currently sitting in the back of my closet. Plus a surprise dinner with my family at a coal fired pizza place that has good beer and he loves and we always say, dude, we should come here more often but never remember. (And his friends were supposed to go too but all bailed....meh)
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Post by RunsforWineandCarbs on Jul 7, 2017 13:28:29 GMT -6
skinandbones, i wouldn't do it just for the savings. we moved from a 2 story house with a pool that we rented into a 2 bedroom duplex. I.hated.every.minute.of.living.there. Damn the savings. Addie was a baby and her room was right off the kitchen. she woke up all the time. I grew up with a pool. had always had a pool. and now didn't. it made for a hot grumpy shakeitoffgirl. We went out more, so no real savings there. No one could visit. I didn't want anyone to visit because i was embarrassed of the place. OK enough about that shitty place. I would only do it if you will be comfortable living there. Like can you seriously live in a smaller house. Do you feel like you have too much room right now? Or like you need more space? Downsizing can be hard. Would you have to pay for storage for some of your stuff, how much will that be? But you need to do what's best for you guys. Have a good long talk with your H. Discuss all pro's and all cons. then think of more pros and more cons. and discuss those... TL;DR - I AM NO FREAKING HELP.
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Post by skinandbones on Jul 7, 2017 13:49:47 GMT -6
RunsforWineandCarbs, part of me wants to damn the savings too. I can see later down the line this being seen as a huge gift and a way to be guilted into perhaps doing something we don't want to do.
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Post by Betweenthelines on Jul 7, 2017 13:52:01 GMT -6
Betweenthelines, H will also be receiving, a new tank top (because he loves tanks and it's perfect for the beach) a new $45 wallet and new flip flops - all which are currently sitting in the back of my closet. Plus a surprise dinner with my family at a coal fired pizza place that has good beer and he loves and we always say, dude, we should come here more often but never remember. (And his friends were supposed to go too but all bailed....meh) Then give it back to him with a joking but not joking "here you go, dope"
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Peekaru
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Post by Peekaru on Jul 7, 2017 14:11:45 GMT -6
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Post by avocadotoast on Jul 7, 2017 14:12:08 GMT -6
skinandbones to pay off 34k of debt AND be able to save almost $10k a year I'd strongly consider it. But it depends on your relationship with the parents, I'm sure at some point there will be hiccups.
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Post by skinandbones on Jul 7, 2017 14:19:50 GMT -6
avocadotoast, yeah, those numbers are pretty appealing. Relationship wise, we have a good one. Though sometimes, I think boundaries can be a little blurred between DH and them.
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Post by redandblue on Jul 7, 2017 14:41:08 GMT -6
CestLaVie how are you feeling today? Hopefully better.
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Post by redandblue on Jul 7, 2017 14:43:27 GMT -6
skinandbones I think PP have given solid advice and things to consider. It would make me nervous too. I think if you decide to do it, you outline a written agreement, just in case. The savings could make a potential impact for your family long term. If you did that, is it possible to rent your house, instead of selling? At least until the term for first time home buyers is done?
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Post by redandblue on Jul 7, 2017 14:45:56 GMT -6
Earlier this week I started prepping walls in the main living area and hallway to paint. I hate the prep part...I don't want to finish the stupid sanding...I just want to paint...I wish I could only do the parts I like...lol. Hopefully will have some motivation after M goes to bed to paint the trim and ceiling areas I'm going to do (I fucking hate painting ceilings, so I will be doing the least I can get away with)
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Peekaru
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Post by Peekaru on Jul 7, 2017 15:19:39 GMT -6
Ok
From a purely financial standpoint - what is the sunk cost of a unneeded move plus selling your house etc etc? - who is going to enforce the budget that is now freed up? - how did you get into debt first? And have you made moves to have that not happen again?
If you were asking me, in my work capacity, I would say no. I do that no having them rent the house to someone and then having you manage the house (for a fee) would be a good idea. For your home, you could look into either a heloc or a cash put refi, sure it doesn't get rid of debt, but it does make said debt more tax efficient
From a personal standpoint: if I'm moving, I don't want to move .25 miles, I'd rather masturbate with a cheese grater.
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Peekaru
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Post by Peekaru on Jul 7, 2017 15:21:24 GMT -6
Also.
IM ON VACATION
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Post by CestLaVie on Jul 7, 2017 16:37:28 GMT -6
CestLaVie how are you feeling today? Hopefully better. thanks for thinking of me! I spent the day in the hospital. Got salmonella poisoning on Canada Day and wasn't keeping anything down. It was such a relief, as soon as I got there, they put me on an IV and I got anti nausea meds, migraine meds, and stomach pain meds. Things have improved much more now. I crashed pretty hard after making it home from that meeting on Wednesday. DH took a sick day today so that he could take the kids to daycare and drive me to the hospital so that was such a relief. I'm at home now and DH is rewarding the kids for the shitty week with slip n slide/sprinkler time in the backyard. DS has been the cutest of cute. He slept on the couch with me last night (it's an L shape) and said he just didn't want me to be sick alone. I thought that was the sweetest thing ever.
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Post by CestLaVie on Jul 7, 2017 16:39:12 GMT -6
oh and to top it off, the nurse said, "where did you have your kids?" And as soon as she said it I realized she was my nurse for my big debacle that was DD's birth. It was just so random since that was a totally different city! It was crazy that she remembered us.
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armpants
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Post by armpants on Jul 7, 2017 17:01:16 GMT -6
CestLaVie lt for the sweet DH and DS. Glad you got meds to help you feel better.
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Post by RunsforWineandCarbs on Jul 7, 2017 18:09:50 GMT -6
Omg CestLaVie! I'm so glad you are on the mend, I've been thinking about you!
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jess213
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Post by jess213 on Jul 7, 2017 18:30:05 GMT -6
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jess213
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Post by jess213 on Jul 7, 2017 18:36:48 GMT -6
GAHHHH...we had ridiculously hard rain just about 2 hours ago and there's a small but visible wet spot on our living room ceiling. It feels like there's always something with this fucking house. DH wanted to investigate up in the attic but he said he couldn't fit through the little hole (I don't think he tried very hard) so I got to climb up through the damn insulation like I know what the heck I'm looking for. All so I could report back that there is, shocker, a leak in the roof. I came down and he sent me back up so I could take pictures of it for him, like he knows wtf he's doing anyway.
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jess213
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Post by jess213 on Jul 7, 2017 18:37:17 GMT -6
So basically I'd like a drink right now...
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jess213
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Post by jess213 on Jul 7, 2017 18:42:03 GMT -6
skinandbones I think PP have given solid advice and things to consider. It would make me nervous too. I think if you decide to do it, you outline a written agreement, just in case. The savings could make a potential impact for your family long term. If you did that, is it possible to rent your house, instead of selling? At least until the term for first time home buyers is done? I like the idea of renting your current place rather than selling it. Also a huge +1 to writing up an agreement if you decide to move forward skinandbones. I feel like RunsforWineandCarbs made some really good points...if you don't like it and if you feel like this could turn into a gift/all strings that are attached to that, I'd be very hesitant...but jeez that savings could be helpful... this is a tough call. skinandbones I'm still catching up but where does your H land with this?
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Post by avocadotoast on Jul 7, 2017 19:03:16 GMT -6
Anyone else buzzed? I just had 3 ciders at my parents' and I'm feeling good...
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jess213
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Post by jess213 on Jul 7, 2017 19:09:26 GMT -6
Anyone else buzzed? I just had 3 ciders at my parents' and I'm feeling good... Not buzzed, but just poured a glass of wine and I intend on putting a decent dent in the bottle tonight 👍
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Post by amberlie on Jul 7, 2017 19:32:44 GMT -6
I just started my first post-partum period and I have no tampons. This also means I have to go get my IUD put in next week.
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Post by redandblue on Jul 7, 2017 20:16:09 GMT -6
CestLaVie on my goodness! Thank God you went to the hospital! I'm glad you are feeling better! Your DS sounds the cutest! That is incredibly sweet!
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