Comments on Dog Ate My Finances: Houses = Not Going Anywhere

You are showing your young age and fiscal irrespon...

2008-08-18T06:05:59.855-07:00

You are showing your young age and fiscal irresponsibility. Quit trying to compare yourself to your coworkers and people who you think have money. You get that way be being frugal, no matter how much money you make. If you want a house, start saving up for a downpayment. It's called prioritizing.

Being able to sleep well is more important than a ...

2008-08-17T11:11:42.791-07:00

Being able to sleep well is more important than a home.

What industry do you work in?

2008-08-16T18:06:44.986-07:00

What industry do you work in?

I bought my first house at age 26. It worked out ...

2008-08-16T14:31:59.420-07:00

I bought my first house at age 26. It worked out well for me. But I can tell you of any number of my friends for whom it did not work out. And, in particular, I can point to several divorced mothers who were desperate to hang onto their homes, usually to their detriment in their settlements. Homeowning is a fine goal, but I worry about the rush some folks are in to get to it. Or the desire to hang onto home ownership even when it makes no financial sense.

Wanting to buy a house in a year or two is a goal ...

2008-08-16T08:23:06.024-07:00

Wanting to buy a house in a year or two is a goal to keep in mind when you're tempted to spend money on expensive cars or trips or clothes. Just think about how that money could get you into a nicer house in a couple years.

Barb1954

I agree - don't feel like a loser, you're just bei...

2008-08-16T06:47:51.498-07:00

I agree - don't feel like a loser, you're just being cautious which is good. My BF is buying a condo right now which is a little scary and I'm worried he could have waited a little longer and saved more but condos are slightly different than taking on house maintenance. Anyway you've got the wedding to concentrate on for now.

Based on your description of your mentor - she is ...

2008-08-16T05:21:52.047-07:00

Based on your description of your mentor - she is wise to this logic. You don't get to that position by making the wrong moves in drastic proportion.

Instead of feeling the "total loser" part, you should have recognized how "successful" this decision makes you appears. Good judgment is an asset in a successful person and you are showing your colors!