Re: Ae you house poor? Do you regret it?
Originally Posted by KaleidoscopeEyes
if the mortgage includes taxes and ins and is only $100 more a month i say go for it.
We aren't house poor, but we don't love our house. We bought it when dh was making bank at a job that was supposed to be permanent. We were only supposed to live here temporarily and then it would be a rental. It didn't work out that way. We would be house poor if we didn't refinance last year. Now, even with taxes and insurance included, its cheaper than renting an apartment. My student loans do make us poor though. That's why we don't move.
Eta: we are living frugally on one income until I return to teaching. We felt the boys needed me home this year and last year. When we are dual income again, we will be doing better. Especially since we've learned to be frugal on one income.
Last edited by misskira; 01-06-2013 at 09:36 PM.