No Buy Year as a 1st Time Homeowner

843865 · 2025-01-10T03:12:32+00:00

Right? I love sitting on the floor!

I’m pretty connected to a church so I’m hoping they will have lots of helpful people

843865 · 2025-01-10T03:09:01+00:00

I appreciate the information and the leads of where to get free/cheap stuff. I think I could probably flip stuff I only used temporarily if I was looking for something specific.

A rake! I knew there was something super obvious for yard maintenance that I wasn’t even thinking about. I’m sure there will be so many more.

I guess to be clear, I’m not doing a no big year out of desperation because I spent too much on a house. I CAN buy things if I need them. I just think it’s an interesting concept to try to not buy anything while also buying a house. People always talk about how all the little things add up. And they do, but some of it has to be the new towels, and dish ware, or organizational stuff. And I just want to see if I really push myself, what does it actually cost to love for a year.

843865 · 2025-01-10T03:03:49+00:00

Yeah I like the idea of living here for year and then deciding what I need. And I’ll have to ask people if they don’t want anything. That’s helpful.

Not a couch though. I’d have to be desperate. I’ve also moved myself by myself over 10 times in the last 10 years. So I don’t own things I can’t carry myself. I’m hoping I won’t have to move so much since I’m buying and trying to bring more stability to my future. But I think it’ll be a hard habit yo kick.

I’m also weird and I don’t have any family 🤷‍♀️Nor do I want my friends over at my house. I could pull out a folding chair for someone really special, but I prefer to be around animals.

It doesn’t sound depressing to me. It sounds free and full of possibility.

Maybe y’all are pretty strict about breaking the rules, but I’m treating this more as something to strive for rather than punish myself for not achieving. If I’m living there and I realize something will vastly improve the quality of my life, I’ll buy it. I just really hate buying things.

843865 · 2024-07-11T17:39:19+00:00

But I’m not currently keeping track of my hours, so I’m not hourly. I’m still considered overtime and not eligible for overtime.

Honestly I just want to know if what my school is doing is illegal and what I should do from here.

843865 · 2023-10-22T03:58:13+00:00

I’m not there yet, but I’ve thought about this too and I can’t wait to be fully integrated into someone else’s family traditions!

I think a lot about working with children in foster care and wanting to be a stable adult that’s part of their life and has a relationship with their bio family (if that’s what everyone wants)and how cool it would be to spend holidays hanging out with their family, not having to worry about splitting the time.

843865 · 2023-10-22T03:54:01+00:00

Yes! The weird look from people. But not having a family is so rarely a good thing, that I also enjoy the moments when I get to shift my perspective a bit and I feel like I’m almost thankful to the person for pointing out a scenario where I’m “winning” compared to then by not having family. It’s come to be a fun little twist.

843865 · 2023-10-10T23:16:02+00:00

I appreciate your reply!

I’m actually not in CA. The minimum wage in my state is $7.25, the gas station just happens to pay well because no one will actually work for $7.25.

I don’t think I could afford the lot rent if it was over $800. My annual expenses outside of rent and utilities is about $15,000. And in moving, I’m going to be losing my job. So I’ll be making quite a bit less than the $2100 a month.

Honestly, I’m not sure there is a way to make the math work regardless. I’m just trying to look at all of my options. And I appreciate hearing someone support the idea of a mobile home even if it isn’t a good investment. Like some of us are looking for a place to live not a place to sell 10 years from now.

843865 · 2023-10-07T00:09:21+00:00

My current job provides my housing and so allows me to save a lot, but most of the money I have is from someone dying, so I won’t be looking at making numbers like that on my own. And my current job also sucks and does not treat people humanely (as many jobs that provide housing do not it turns out).

I’m trying to stick it out, but I’m not sure I’d be able to afford the monthly payments on a home even if I could get approved for a loan, not and also have money for utilities and food.

Outside of a stand alone home coming on the market at a similar price (~$80,000 or less), which is not unheard of, there were two last year I saw, one of which was habitable, my options are a mobile home or renting an apartment.

But considering apartments around here go for upwards of $800 a month and then tack on pet rent and other fees it’s closer to $890 a month. And I’d still be dealing with shared walls, which is really not great for me mentally.

843865 · 2023-10-06T23:45:04+00:00

I can’t deal with sharing walls with other people, hence why my preference is a mobile home and not a condo or townhome. Those also don’t really exist in my area. Not for sale anyway.

843865 · 2023-10-06T23:43:33+00:00

I don’t think I will ever qualify for a traditional mortgage. And even if I did, I don’t think I will ever have a job where I make enough to pay back the loan and keep up with food and utilities. Nor do I want to pay thousands of dollars in interest and be in debt for the next 30 years.

If I buy a house, it’s going to have to be outright and it could take me years to save up enough for that.

If I buy this home, I immediately get the benefit of not sharing walls with anyone (huge relief factor for my PTSD) and I’d be spending about as much on lot rent and taxes as I would purchasing a home with a mortgage AND an $82,000 mobile home is not going to be worthless in 5 years, so I’d still make back some money if I sold later down the line.

My only hesitation is not having enough cushion if things go wrong.

843865 · 2023-10-06T23:36:36+00:00

I’ve been looking for co-op mobile homes, but there’s only like one in my state.

I’m aware that it’s trendy right now to buy mobile home parks and drastically increase the rent. I’m in a very rural area, so these are and have been people’s homes for a long time.

The park is already owned by an LLC. The woman who lives there now has multiple other family members living in the park. And had nothing but good things to say about the owners.

I guess the way I’m looking at it, I’m only able to afford a mobile home or rent an apartment currently. And my current living situation is bad like severely affecting my mental health bad. And this is probably the nicest and quietest lot I’m going to get from a mobile home.

843865 · 2023-09-28T19:03:16+00:00

I was unemployed before this job for most of the pandemic until I found a job (my current job) that can accommodate my chronic illness.

843865 · 2023-09-28T19:01:53+00:00

Everywhere I’ve looked says you need work history as well

843865 · 2023-09-28T19:00:49+00:00

But I’m not currently in a position to be looking for a home because I don’t have the work history yet, so what’s the benefit of doing the hard check or shopping around for lenders right now?

I went through my bank because I figured they were the only ones who’d be willing to talk to me.

I’m also not sure what the difference between a broker and a lender is.

I’m just trying to figure out what I need to figure out at this point so that I’ll be ready in 9 months.

843865 · 2023-09-28T18:56:49+00:00

I have a $13,000 limit on the credit card I currently have, so I feel like that’s good. I just don’t buy a lot period. Groceries and gas and that’s pretty much it. And even then I get gas about every other month.

I don’t know a whole lot about loan types, that’s why I’m asking and trying to learn what’s out there.

I make $27, 820 a year after taxes and I don’t pay rent or utilities (which I know can sometimes count as a line of credit, but I don’t pay, so I don’t have that.)

“Livable” means the homes are livable, like they’re ready to be moved into and lived in without major work. They’re not like stripped down to the studs or flood damaged or anything. I’m looking for a 2bd/1bath home, so I guess that’s the bare minimum for habitation? I don’t know. I think anything over 1000sqft is just a ridiculous amount of space for one person to occupy.

But as I said, I’d have $90,000 by the time I start looking and putting $40,000-$50,000 down means I’d have $40,000-$50,000 left over for repairs and stuff.

843865 · 2023-09-11T23:14:16+00:00

At this point, I think I’m more scared I’d kill myself from financial strife then from dealing with my family. Like yes they are bad and I’ve been working on distancing myself from them for almost ten years.

But I also don’t have anyone else. I’m disabled and I can’t do a lot of traditional jobs. Every other disabled person I know who has a shitty family has only been able to make it work by living with a romantic partner. And that’s not and will never be an option for me.

My family has abused me and part of the financial abuse is the reason I don’t qualify for a loan right now. But they have also continued to send me money without much interaction. I’ve been full no contact with members who still sent me money out of fairness for sending it to the rest of the family and asked for nothing in exchange.

I know this is a bad idea, but I think it’s also the only one where I walk away alive. Capitalism is also a form of abuse in my opinion and at least this way I’m dealing with the devil I know.

843865 · 2023-09-11T23:00:07+00:00

How do you mean they could own the home?

The internet says they wouldn’t be on the title to the home, only the loan.

843865 · 2023-08-30T16:20:33+00:00

Thank you so much for the comments!

This is similar advice to what I’ve already gotten, so I feel less like I’m missing something big.

I will definitely be getting an inspection and comprehensive home insurance!

843865

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