Wait to buy house until I have boyfriend, fiance or husband ?

Question

I'm 30 and have 190,000 in savings with no debts.
I am happy renting for now. I wat to wait to buy a place until I have a significant other and am close to getting married.
Is that really old fashioned ?
Should I feel weird ?

Answer 1

OMG... I'm 29 and facing the same issue. Financially I know its much wiser to invest in a home, condo, etc. instead of renting. It also comes with tax write-offs. On the other hand, I'm a bit old fashioned too and think it may deter potential guys if they see I'm already on my own and too independent. However, I think it's wisest to look out for yourself and at least get a condo where you won't have to worry about maintaining a yard and so on. Try one with a club so you can workout and meet cute guys. Don't feel weird, but definitely look out for number one (:

Answer 2

No You should not feel weird. You should buy now because your creidt it probably great since you have no debts and can put down a significant down payment and get a great interest rate. PLUS you'll be building up equity. Buying a house or a condo is one of the BEST investments you could ever make because its an asset that will go UP in value. As opposed to a car which goes DOWN in value the minute you drive it off the lot. Also, when you rent, after the month is up - you have nothing to show for it. With a mortgage, every month you make a mortgage payment, you are one month closer to paying off that mortgage completely. With 190,000 in the bank, you could probably by a condo for $90,000 CASH (meaning - you own the place outright, no morgage.)

I bought my place back in 1999 for $69,000 and now it's worth $279,500!!!!!!!!!! Talk about a return on your investment!!!!!! I haven't even lived her 10 years and not only have I built up equity - I made $210,500 just by living here instead of staying in my old apartment paying rent (and my rent was paying my landlord's mortgage!).

Why pay someone else's mortgage when you can pay yourself?

You are in an excellent position - Do you know how many people wish they were in your financial situation? Only 30, with almost 1/4 Million in the bank, no debts and no husband? You GO GIRL!!!!!!

I was single and was in no where near the financial position you are in when I bought my place. It was the best decision of my life - especially when I think, there were some shaky times after I bought this place: if I had waited a little bit longer for what I thought was an "ideal" time to buy - I wouldn't be a homeowner now. So, buy now - because if you wait a few years, things could change and you might not be at the advantage you are at now. At least, if that happens, you will have a roof over your head.

You don't need a 4 bedroom house. Once you own property, you can always upgrade. For now, look for a 2 or 3 bedroom condo that you can pay cash for or have a very small mortgage on. Get a roommate for the 2nd bedroom and every month when they pay you rent - that can be your mortgage payment, or some kind of extra "income".

GO FOR IT NOW!!!!
Good luck!

Answer 3

I would seriously suggest that you buy now. 5 years from now when you're married (or not married, either one) you'll kick yourself for not being 5 years into your mortgage payments already. I don't know what part of the country you're in, but where I'm at they're not getting any cheaper...

If there's no significant other in your life right now, why worry about that. Do what's right for you, without this "what if" thinking.

Anyhow, if you end up marrying someone who wants/needs to live somewhere other than where your property is, you sell it, probably make a heft profit, and go buy somewhere else. That money you're paying to rent could be building equity for the future instead of paying someone else's mortgage.

Unless you couldn't afford it yourself, waiting for a husband to buy your house for/with you is silly.

Answer 4

If that is how you feel then you should wait. There are lots of advantages to buying now though. Prices increase every year and what if Mr right doesn't turn up til you are 60 (could happen) You'd be better buying instead of throwing your money down the toilet in rent. Why not keep half an eye on the market with your ideal house in mind, it may come up and be too good an oppurtunity to pass up. You can always sell and buy a marital home when the time comes.

Answer 5

Why wait? Rent is like throwing money away and buying a house in an investment. If you meet someone down the line and you want a place together, then you can sell, make profit and find something you both like.

Answer 6

If you're happy renting, then continue renting. My love and I won't be buying a house for years to come. We don't like that sort of geographical commitment. You don't need a lover to buy a house, but whether or not you want to own a house is completely up to you.

Answer 7

I vote for waiting until you get married before you do that.

No, it's not old-fashioned to have personal integrity and moral values. And you should not feel wierd.

My idea is that there is no pressing need to complicate your life right now, so don't. Regardless of what you may think, a home sometimes feels like a burden, and I suggest you remain prudent until you get married and can make plans with him also.

Good luck

Answer 8

That's a lot of money to have to invest in good property right now. It's a buyer's market, you could get a really good deal, and in some cases double what you have considering you do not have to mortgage it. I wouldn't depend on a "significant other" in order to solidfy your financial future at this point. It would only benefit you both to grow that money, and you wouldn't be throwing money away while renting.

Answer 9

Wow do you realize the tax savings you could have had? my 25 year old daughter bought her first house as a single lady with no boy friend, fiance etc. It was a smart move on her part and she enjoyed being a homeowner and her accountant appreciated her tax deductions.
The boyfriend.....then fiance.....then husband...then kids and a bigger house came later.
Why are you waiting.......Just dont overspend and find a home, condo that you can sell later or keep and rent it out.

Answer 10

1. Don't buy a house unless you plan on living there for at least 5 years

2. If you do plan on buying while you have a boyfriend, make sure the deed is in your name to avoid legal issues if you two were to split.

Otherwise, just buy. Consider a condo.