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Joined: Oct 2006
Posts: 9,145 Likes: 43
14 point
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14 point
Joined: Oct 2006
Posts: 9,145 Likes: 43 |
There is a lot of truth in some of the previous posts. Like many things - the desire is greater than the income.
My wife and I have done this so I am certainly not pointing fingers - but being "house poor" is a real condition. Buying what the society tells you that you need vs. what you can afford is often two very different things.
Buying a home beyond your means and sacrificing things that can bring you joy; or worse continue to pile on debt with car, boat, camper, vacations, private schools,...etc and be stressed about money to the point that you begin playing the money game of minimum payments on credit cards, HELOC, stopping retirement contributions, and so forth.
"The struggle you're in today, is developing the strength you need for tomorrow."
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