Hi people .
I could really use some input on our housing dilemma , it's turning into a nightmare , what would you do ?
We've been in renting limbo with our own home situation for 21/2 yrs . I've got some cheapo investment properties but we've been between houses since we sold our last one and stuck renting , I hate it and it's really stuffed up our lives being unable to live normally as we would in our own place.
But I live on the coast , and the whole district is a bit dear for us so when something's come up it's either just plain not right or it's too dear anyway, as we suffered major setbacks a couple of yrs back and still financially recovering.
I'm late 40's now and we have two young daughters , we all just really need a home again , they've been in limbo , me and wifey have been too but still nothing that we like or else just can't afford .
And yet another place has just fallen through last week now . You wouldn't believe the scenario - nother story .
Seems I have no trouble finding investment deals but a new place of our own , for some reason has ran the other direction.
Anyway , yet another investment place has popped up , it's got tons of potential and it's got a great house on it , I could really do well with this place and there's still nothing around locally at home for ourselves .
So we're thinking if we could finance this new investment place , we just could go and live there for a few yrs. My kids can still use the same school , wifey actually makes more in her job because it's more traveling for her, I could go on with my stuff and do really well with this property at the same time and , we'd all have a home again.
The thing is , it's 20mins away from the coast and our area here and it'd be 2 yrs or so before we could afford to come back to this area as it'd tie us up financially for atleast a yr or two.
Given our ages , wifeys 11 yrs younger than me , the kids and having to leave our area here , at this stage , but being unable to find something here and are still in limbo after all this time - would you just say stuff it, buy the investment place, go live there for the time being , set up a great investment and atleast have a home again while your at it - save what's left of your borrowing capacity , stay here, keep looking and waiting for your permanent place to come up - one day - in your area ?
Bloody dilemmas , had enough for this yr , just want a home again but !
Well , sorry it went long , but all opinions welcome so don't be bashful as I'm buggered if I know . Wifey reckons bugger it grab the investment one, go there for now ,atleastst we'll all have a home again , the kids can be secure and have a place to call home again , have all their pets and we'll be setting ourselves up again while we're at it . Me , I'm thinking, well one , we've been in thsi area 6 yrs now and really like it but also, as soon as we pack the car and move , somem perfect will pop up here the next week but eh who knows the way it's been going !
Thanks people
Cheers
I could really use some input on our housing dilemma , it's turning into a nightmare , what would you do ?
We've been in renting limbo with our own home situation for 21/2 yrs . I've got some cheapo investment properties but we've been between houses since we sold our last one and stuck renting , I hate it and it's really stuffed up our lives being unable to live normally as we would in our own place.
But I live on the coast , and the whole district is a bit dear for us so when something's come up it's either just plain not right or it's too dear anyway, as we suffered major setbacks a couple of yrs back and still financially recovering.
I'm late 40's now and we have two young daughters , we all just really need a home again , they've been in limbo , me and wifey have been too but still nothing that we like or else just can't afford .
And yet another place has just fallen through last week now . You wouldn't believe the scenario - nother story .
Seems I have no trouble finding investment deals but a new place of our own , for some reason has ran the other direction.
Anyway , yet another investment place has popped up , it's got tons of potential and it's got a great house on it , I could really do well with this place and there's still nothing around locally at home for ourselves .
So we're thinking if we could finance this new investment place , we just could go and live there for a few yrs. My kids can still use the same school , wifey actually makes more in her job because it's more traveling for her, I could go on with my stuff and do really well with this property at the same time and , we'd all have a home again.
The thing is , it's 20mins away from the coast and our area here and it'd be 2 yrs or so before we could afford to come back to this area as it'd tie us up financially for atleast a yr or two.
Given our ages , wifeys 11 yrs younger than me , the kids and having to leave our area here , at this stage , but being unable to find something here and are still in limbo after all this time - would you just say stuff it, buy the investment place, go live there for the time being , set up a great investment and atleast have a home again while your at it - save what's left of your borrowing capacity , stay here, keep looking and waiting for your permanent place to come up - one day - in your area ?
Bloody dilemmas , had enough for this yr , just want a home again but !
Well , sorry it went long , but all opinions welcome so don't be bashful as I'm buggered if I know . Wifey reckons bugger it grab the investment one, go there for now ,atleastst we'll all have a home again , the kids can be secure and have a place to call home again , have all their pets and we'll be setting ourselves up again while we're at it . Me , I'm thinking, well one , we've been in thsi area 6 yrs now and really like it but also, as soon as we pack the car and move , somem perfect will pop up here the next week but eh who knows the way it's been going !
Thanks people
Cheers