Description:
we have a chance to buy a house for only 20,000. the payments would be less than 1/3 what we are paying now. awesome. the house is decent on the inside, but on the outside it is very plain and the neighbors houses are very junky with junky yards. It's in a small town and would add an extra 20 minutes to hubby's drive.
we are tempted to make the move as we can not really afford our current situation. it's a decent house in a decent neighborhood, but the payments are outrageous and even at refinancing it's just too high.

Would you rather live in a decent house in a decent neighborhood with house payments that you can't afford (and therefore no spendign money) or a decent house in a worse neighborhood in a small town, but very low house payments?

  • decent house, nicer neighborhood

    18%
  • decent house, worse neighborhood, lower payments

    30%
  • rent for a while until you can get into a decent house with decent payments

    50%
Take the poll to see moms who voted like you.
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ilovedogs1...
Submitted by at 3:44 PM on Dec. 4, 2008
Votes (106) Comments (14)

Would you rather live in a decent house in a decent neighborhood with house payments that you can't afford (and therefore no spendign money) or a decent house in a worse neighborhood in a small town, but very low house payments?

Take the poll to see moms who voted like you.
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ilovedogs1...
Submitted by at 3:44 PM on Dec. 4, 2008
Votes (106) Comments (14)

Comments

  • gimperomma
    Submitted by   at 8:58 PM on December 4, 2008

    As long as the lower neighborhood was safe for you and your kids you should check the police web site and look up the crime in that area good luck

  • joanlovest...
    Submitted by   at 9:30 PM on December 4, 2008

    depends on how bad the other neighborhood is not being straped for cash is worth doing w/out luxuries, but worrying if you might get mugged or your house broken in to isn't fun either

  • LoveMyDog
    Submitted by   at 12:13 PM on December 5, 2008

    A house is always a long term investment. What will the neighborhood look like in 10-20-30 years?  See above comments. Very good advice up there.

  • lesliemck8...
    Submitted by   at 4:13 AM on December 8, 2008

    Completely agree, a house is an investment, you don't just settle for a questionable neighborhood.

  • mamak57
    Submitted by   at 9:49 AM on December 8, 2008

    if you move in and fix up your yard it will catch on that is what happened on the country road we live on. one neighbor's yard made Sanford and Sons look immaculate now his wife has a flower garden and there are only two junk cars in the front yard. i see neioghborhoods were Habitat has built houses and the neighbors start to fix their houses up.


    i would check on the schools before I bought any house you can get mugged in good neighborhoods

  • grandmasix
    Submitted by   at 12:14 PM on December 9, 2008

    If I'm going to pay any rent or mortgage its going to be in a neighborhood I'm truly comfort in. I will not just settle for anything cause the rent is low.

  • Karismom12...
    Submitted by   at 6:33 PM on December 10, 2008

    No, I would not settle for a junky neighborhood just because the payment is lower. You get what you pay for!

  • MamaClemen...
    Submitted by   at 5:09 PM on December 11, 2008

    Okay...speaking of my own experience as we have done both, we would never live in the "worse neighborhood" again. This is especially now with kids. Plain and simple we are still haunted by the effects of that neighborhood. We cannot sell the damn house and we put a lot of money into to improve it then the market crashed and it's near worthless. It's a beautifully remodled home in just an okay neighborhood, but nobody wants it.

  • LaurenS
    Submitted by   at 12:48 PM on December 14, 2008

    as long as the other neighborhood is safe, go for it. maybe spend some of that extra money on making the outside of your house look nice :)

  • cmarielin
    Submitted by   at 9:54 AM on December 16, 2008

    You can always fix the house up and re-sell it. As long as the neighborhood isn't going to put your family in danger, you can only afford what you can afford.

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