We're in Deep Doo DooHi everyone. There is still so much I want to say but so little time to say it. Right now I am supposed to be on the road headed back from NH to CT, but while I am waiting on the kids I thought I could put up a quick post.
My husband always has big dreams and always thinks we have more than we really do. I remember when I first met him he would have plans for dates that I just knew were more expensive than he planned for, lucky for him I always took a pocketful o' cash to pay for the difference. I can't exactly do it this time. I warned him to stop looking at the fancy pants houses and look for fixer uppers that over time could be fancy pants houses with a little saving and work on our parts. Oh no, we have to have it all NOW! Well we made an offer on a fancy pants house and he was already preapproved but he is just taking a look at what that mortgage really is all about. It's half his pay. Really. We aren't even talking phone bill, electric, oil, cable or internet, groceries, upkeep etc. Just the mortgage. And he thought he would have enough to put 20% down on the house from the sale of the last house. Well sure he does, if there was no such thing as closing costs, inspections, tax escrow, etc. We don't have it and now we will need a second mortgage to cover those costs.
And I already talked him out of worse. He was looking at houses 50 to 75 thousand more than the one we got. It's times like this I wish white people, including my husband, weren't all about keeping up with the Joneses. I know he was thinking, gosh, we are going to have the best house out of all our friends and family! Yeah we do, but now we don't have enough to get an orthodontist for my oldest son's braces. Now I will need a full time job. Now he will have to work overtime all the time. All for the house and not much else. My kids won't have a Christmas, but they'll live in a big barn of a house. My 16 yr old won't be able to get a license. We can't afford the lessons, the insurance, or a car for him even a beat up piece of crap.
I am not a happy person right now and all I can hope is that somehow this deal falls through, that the home inspector finds serious flaws with this house or something like that.