Feeling stuck in a starter home - Page 2

CinNC · ‎10-05-2012

Interesting topic. One of my facebook friends has a friend who is a realtor and discusses "exit strategy" when purchasing a home. Atlanta area.

Shelbelle · ‎03-09-2010

I love my first home, been here 40 years.

catwhisperer · ‎07-11-2010

Be fortunate to even have a home and not be homeless nowadays.

I promise to remind myself every day that I am strong, courageous, and resilient.

proudlyfromNJ · ‎05-01-2010

@Shelbelle wrote:
I love my first home, been here 40 years.

@Shelbelle. I agree. 35 years here. Going nowhere.

blackhole99 · ‎08-22-2013

Location, location, location. Beautiful big home in a development, no way, shack on many acres, winner.

BirkiLady · ‎02-22-2015

@SurferWife wrote:
I’ve never cared for the term “starter home”. A home is a home, whether it’s you first or fifth.

When we purchased our first home in 1969, I don't recall anyone referring to it as a "starter home." Most were surprised we didn't begin in an apartment. We had saved during our three-year engagement and planned ahead. We knew we would both be students and working full-time for a couple of years; money would be tight. It beat renting until our first transfer took us out of State. To us, it was a good investment. In our other homes in other states, they were also good investments.

But "home is were the heart is" . . . it doesn't matter which home number you own!

Money screams; wealth whispers.

SilleeMee · ‎05-22-2016

Things turned out in way for me to be forced into my first home because of a death in the family after which I assumed the loan. At the time I had intended to sell but then I became ill and had to go on disability. So here I am in my starter-home-turned-forever-home.

SeaMaiden · ‎03-10-2010

@catwhisperer wrote:
Be fortunate to even have a home and not be homeless nowadays.

@catwhisperer Amen! People complain about everything!

VaBelle35 · ‎03-10-2010

In my development, many people buy our townhouses as starter homes. They are either about to have a baby or have a baby. The intent is to move up to a single family home as the baby gets older.

I see a lot of people staying, making bedrooms in the basement, because they can't afford to buy a single family home.

===================================
QVC Shopper - 1993

# IAMTEAMWEN

Its Me LuLuBelle2 · ‎10-12-2016

@blackhole99 wrote:
Location, location, location. Beautiful big home in a development, no way, shack on many acres, winner.

@blackhole99, man, that's the truth. My husband grew up in what's now a very affluent area of NY. It was just a bedroom community of NYC when he was a kid (his dad and uncle built the house in the 50's), but is now a very desirable area as it's a 1/2 hour train ride into mid-town Manhattan.

We lived in another county North of his childhood home - about 45 miles away. Prior to my FIL having a severe stroke and having to go into a nursing home for several years before he died and my MIL getting vrey sick, they had been financially stable, but medical issues quickly started going through their savings. My MIL was terrified she would lose her beloved home. My husband and I talked it through and decided to take out a second mortgage on our house so we could buy hers at fair market value. My MIL was over the moon that she got to keep her home (although we owned it and we paid all of the taxes), and she paid utilities only - she lived her life out there. When she passed away, we did some renovations to her home and moved into it and sold ours. We paid the 2nd mortgage and were free and clear.

We are on 4 acres of property in Westchester County, NY. Our taxes are crazy high, but we have no mortgage and the home value today is mind boggling. Every now and then a realtor has popped in and asked if we'd like to sell. No, we don't (we love this house). But the numbers they have quoted us for our little 1,600 square foot Mid-Century Modern home built in the late 1950s boggle our minds. Location, location, location, indeed (and 4 acres is a real bonus)!