I will try to make this as short as possible. My husband and I filed bankruptcy, and we can't buy house for 36 months (3 years). We are currently living in a house my dad owns and doing a rent to own option with him (if we choose to). The house is old, but large. I eventually want a 5 bed, 3 bath house. My husband got a new job an hour away, with a large pay increase. My brother currently lives with us and pays us rent, and I watch a kid full-time and make $500 a month.
So here are our options:
#1 We can live in my dad's house, in our home town, where we feel comfortable putting our boys in the schools and letting them grow up here. My dad's house needs a lot of updating, and the kitchen needs to be renovated badly! The house is large enough to eventually have 5 beds, and 3 baths, but it will require a lot of money! Plus, DH's commute will be 60-70 minutes one way to work, on a good day. My brother can continue to live with us, and I can continue to watch the kid for the extra money.
#2 My dad has offered to sell his house and buy one in a town closer to my husband's work. We can still do a rent to own option, and the town we are looking into is much cheaper so we can get a NEWer house for even cheaper, that won't need any updating. However, we would be unfamiliar with the schools (they will be smaller which DH and I like), and the town, my brother wouldn't move with us (it'd be too far from his job), and I'd no longer be able to watch the full-time kid. However, I could always find another kid to watch.
What would you do?
Answer by older at 1:23 PM on Mar. 22, 2011
Answer by yesmaam at 1:24 PM on Mar. 22, 2011
Answer by vbruno at 1:25 PM on Mar. 22, 2011
Answer by JeremysMom at 1:26 PM on Mar. 22, 2011
Answer by lovingmy4babies at 2:00 PM on Mar. 22, 2011
Answer by meooma at 3:18 PM on Mar. 22, 2011
Answer by Erica_Smerica at 4:34 PM on Mar. 22, 2011
Answer by elizabr at 4:37 PM on Mar. 22, 2011