my flatmate went to a housewarming party of a friend of hers and her bf's. they have been together for roughly 2.5-3 years and have just bought a house together. she is a real estate receptionist, so i understand the need and determination of someone in that profession to own property, but i wonder if they aren't jumping the gun a little on buying together? apparently the boy contributes more money to the mortgage than her as well.
eh.
sometimes i wonder why it seems so easy for other people.
the one thing that made me smile is, about a year ago they took out a five year term personal loan of $6000 to get a plasma television. apparently (according to flatmate) that is the only thing of value in the house, other than the house itself.
2.5 yrs together and a house already?
June 16th, 2008 at 09:58 pm
June 16th, 2008 at 10:55 pm 1213656947
June 16th, 2008 at 10:58 pm 1213657136
They go into debt and get a party, you eliminate debt and get a forum of virtual strangers who congratulate you.
Well sit back and place your bet. Some people build their lives on a house of cards, and its only a matter of time before they turn into a tragic, cautionary "dont be like them" tale to warn young couples in love buying a home too soon.
And I realize what I wrote is pretty mean spirited. And this couple may outlast us all. But I am also tired of people rushing into things and getting accolades on their achievements while others are working on self improvement with no outside support. And my dog is dying. Just puts me in a bitter mood I guess.
June 16th, 2008 at 11:20 pm 1213658430
June 17th, 2008 at 12:19 am 1213661958
June 17th, 2008 at 12:50 am 1213663818
Interesting entry, it kind of remind me of us when we first started. We bought a house less than a year into our relationship. Mainly because we didn't want to pay rent anymore (and we had some saving for a deposit). We bought a house to a cheaper area, our mortgage at the time was not much more than the rent we were paying for the 1 bedroom box with no laundry that we were renting. It was just before the property boom so overall we were pretty lucky. Buying the property now would cost us $70-100K more
I kind of agree with Disneysteve, taking out a loan to buy a tv is just crazy. I bet that TV is now only worth 1/4 of the original price. Hopefully, they have at least consolidated that personal loan into the mortgage.
Thanks again for letting me know about your new blog, it looks good. I'm really liking the green.
June 17th, 2008 at 12:51 am 1213663868
I just wanted to add that it could be a cultural difference, but I know way too many people buying homes together before a year. 2.5 really doesn't sound half bad when I consider friends and relatives, and acquaintances. My spouse and I dated 5-6 years before the house and marriage so I am always stunned when people marry before a year, etc. Though it seems rather common.
June 17th, 2008 at 01:08 am 1213664903
2.5 years is only a short while to know someone, especially when getting into debt of over $300 000! the time together in their relationship isnt the worry, it is the financial aspect of the time together. if that makes any sense at all.
BF and I have been together 5 years and intend on buying in the next year or so, if we can. i would never do anything without considering the costs involved. we intend to marry, but not for another 5-7 years. we have grown up with divorced parents, both of us, and we are in a friend-circle where couples marry after being together for nearly 10 years.
June 17th, 2008 at 01:38 am 1213666714
I guess if I was going to judge them at all, it would be on the personal loan for the TV, and not the length of their relationship. But I guess my other question is, if you trust & are serious enough about someone to buy a house together, why not get engaged?
As for us, as soon as we figure out where my job will want me to move and be permanently, I hope BF & I can buy a house ASAP. I am SICK of throwing rent money down a landlord's throat.
June 17th, 2008 at 01:40 am 1213666856