I’m not sure why, but there are more than a few people who don’t seem to understand that I’m just not ready to buy a house yet. Maybe it’s because I’ve been educating myself about it for so long, or because when they bought their houses they were less prepared than I am.
It’s not that I don’t want to buy. Trust me, I’m more than ready emotionally, but as I referenced in a previous post, I just haven’t saved up enough. Well, that’s part of it. The other big issue is the monthly payment. I know what my net pay is, I know what houses around here cost, and I know how high real estate taxes are in the Lehigh Valley.
I’ve run the numbers and I can afford to pay a mortgage, taxes, or utilities, pick any two. Of course, you need all three or it’s not going to work. I’m a single guy so with one income it makes it a lot harder for me than for my married friends with two income earners. It was suggested to me that I look at a renter to help make the monthly payment more manageable. That’s not a terrible idea, but I would never want to put myself in a situation where I was relying on someone paying their rent in order for me to be able to pay my mortgage.
So until I find a screaming deal on a house or I find a way to dramatically increase my income I’m going to keep saving up and learning. There are plenty of ways for people to help me on my home buying journey, but trying to shove me into it isn’t going to work.