Sunday, April 5, 2009

Move or stay for 30 years?...

We have a home in Florida. We don't want to live there. We don't want to sell it. We have a problem :(
Home buyer woes.... it sucks. We have a one year old, I stay at home with her. John works one full time and one part time job so we can have things this way. Neither of us wants me to work outside the home. Obviously at this point I would be working to pay someone to be watching Fiona when I am the best person for the job. Mind you this is in no way saying that I have something against a mother who works whether she has to or not. Most woman return to their jobs after they have baby for numerous reasons. Many , because they actually held a position that they had leave from, and were probably making a very decent wage. others have no choice, they have to work so ends can continue to be met. others just prefer to have lives outside the home, and all of these are okay. But for us, me being at home with our child makes the most sense.
This leads us to our home dilemma. We could be living nearly bill free if we were to reside in our home in Florida. It was a gift to us from john's great grandmother nearly 10 years ago. We have a home that has no taxes , no mortgage , minimal upkeep and its less than a mile from the beach. However it is 1500 miles away from family and friends. There are hurricanes and tornado's. Snakes and palmetto bugs(roaches). Sharks and gators. Nascar fans and spring breakers. and the list goes on for reasons not to want to be there. We don't really enjoy our home there. But for many reasons John will not sell it. Even though, recession or not, the money could be used to buy , or put a substantial chunk down onto another home and give us the home we need and desire.
I have been looking for 2 years now. Since the day we got up here in NY for property. It all looks appealing , but when you realize that once you commit its yours forever unless you can pass it off to someone else , I think it makes us shit ourselves just a wee bit. We have no debt. Which is worse than having too much in the eyes of a lender. john was forced to get a credit card because we couldn't even look at a house without having credit history. We always buy our vehicles used and with cash. We pay our insurance outright every 6 months. We have no mortgage or any bills other than monthly regulars like electric, water, gas, tv/cable/phone. and those disappear when you don't want them any more. So we have been forced to use a credit card the past few years. and of course just like most people in our situation , we will foreseeable never have enough money for a down payment on a home. We know about the programs for first time buyers. but you basically have to physically be living in the home for 7-10 years before moving or selling or you have to pay back all or get penalized for the money given to you for it. And frankly i don't know that he or i want to live here for 7-10 years forcibly.
I don't know... I'm really tired right now so I have a million thoughts in my brain that won't shut up about things like this. So I will leave things with this. John and I both turn 34 in may. The thought of it taking 30 years to pay something off makes me want to vomit. i will be 64 and still in the same place. This is a real problem for me, for both of us actually. So what are we to do? I figure winning the lottery is always nice to hope for. An anonymous donor , giving us our dream home , or at least the money to buy it. Or maybe one day john or i will do a good deed and be repaid by a stranger. Or maybe John could take on job #3 as a part time stripper.

3 comments:

  1. Is this post copyrighted? Because I have the same exact feelings as you mentioned here. It really is a painstaking decision, esp. these times.

    Paying you a SiTS visit, and I enjoyed reading your blog. Have a good one.

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  2. stopping by from SITS.

    I'm a new blogger, and am just figuring this all out!

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  3. THanks to you both for stopping by. HOmebuying is a pain in my ass. It exhausts me more than the little one does!

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