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How much house do you have?
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<blockquote data-quote="cachsux" data-source="post: 1007960" data-attributes="member: 5529"><p>Are you urban or rural? What's 220k in some cities is something else out in the boonies. Are you willing to drive to work? Factor in gas/vehicle expenses to do so versus paying that same amount for a higher priced house thats closer. At least that money, in effect , will still be yours. Or would you rather drive and have some land in a more quieter setting? There's some of that in everyone on here. Are you skilled at working on a home or do you need to have someone do it for you? No shame if not but factor that in and consider a newer home versus a fixer upper. Obviously look at schools, taxes, crime, jobs close by as I'm sure your wife might want something to keep busy with when the kids go to school. It's a big list.</p><p></p><p>That being said my personal expieriance with homes was to buy and restore and then flip for profit towards the next one. But then again that was before the housing market crash also. What I would say is since you are in no real hurry and those little buggers will be easy to manage for a little while is take your time. It's a buyers market so look around. Something perfect for you is out there just take the time to look for it.</p></blockquote><p></p>
[QUOTE="cachsux, post: 1007960, member: 5529"] Are you urban or rural? What's 220k in some cities is something else out in the boonies. Are you willing to drive to work? Factor in gas/vehicle expenses to do so versus paying that same amount for a higher priced house thats closer. At least that money, in effect , will still be yours. Or would you rather drive and have some land in a more quieter setting? There's some of that in everyone on here. Are you skilled at working on a home or do you need to have someone do it for you? No shame if not but factor that in and consider a newer home versus a fixer upper. Obviously look at schools, taxes, crime, jobs close by as I'm sure your wife might want something to keep busy with when the kids go to school. It's a big list. That being said my personal expieriance with homes was to buy and restore and then flip for profit towards the next one. But then again that was before the housing market crash also. What I would say is since you are in no real hurry and those little buggers will be easy to manage for a little while is take your time. It's a buyers market so look around. Something perfect for you is out there just take the time to look for it. [/QUOTE]
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