U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics > Frugal Living
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 10-18-2013, 05:59 AM
 
207 posts, read 351,464 times
Reputation: 257

Advertisements

Hi All
My husband and I are closing on a house this week. We bought a very frugal house 133k that had everything that we felt we "needed" (safe neighborhood, good school district, at least 2 bedrooms, could be older but didnt need a complete overhaul...we can paint and put down floors but major construction is way beyond us). We garden and grow alot of our own vegetables and have a dog, so our one "want" was at least a quarter acre yard. ( Alot of the houses here have postage stamp size yards).

While I am very happy with our choice, the cheap part of me really wishes we had found something cheaper. We are a 2 income family and make enough on one income to pay the mortgage, but I guess I am really cheap!!

Just wondering how other people feel about their houses and if you would have done anything differently..spend more or less..or gotten a bigger or smaller house?
Reply With Quote Quick reply to this message

 
Old 10-18-2013, 06:07 AM
 
Location: southwestern PA
20,426 posts, read 35,696,560 times
Reputation: 38829
I would not have spent any more or less, or go bigger or smaller, as this house is perfect for us.

I hesitate to say the price, because housing varies soooo much around the country.
But since you asked... $87,000 for 1/3 acre, 2400 sq ft, four bedrooms, 3.5 bathrooms.
Reply With Quote Quick reply to this message
 
Old 10-18-2013, 07:19 AM
 
1,420 posts, read 2,523,261 times
Reputation: 2243
Paid $775K for a 8000 sqft lot, 3200 sqft SFR home 5+5, 3 car garage, for 2 adults and 4 kids.

Very happy as the schools are outstanding and a five minute walk, we live at the end of a cul de sac on a flat street, we' close to shopping and the freeways, close to my job, close enough to the beach that we only need AC a week or two a year, and there are probably 50 kids in our neighborhood. Since we bought in August of 2010, the market value has risen over 15% (next door neighbor home sold over the summer for $920K).
Reply With Quote Quick reply to this message
 
Old 10-18-2013, 07:49 AM
 
Location: Currently living in Reddit
5,655 posts, read 5,461,804 times
Reputation: 7254
We thought we were responsible, buying a house that cost almost exactly one year of combined household income when we could've easily been approved for 3x that much. Then we both got laid off... and now it's expensive. So even if you do things right, you never know when life will bit you in the ass.
Reply With Quote Quick reply to this message
 
Old 10-18-2013, 08:03 AM
 
Location: The Triad (NC)
26,837 posts, read 57,830,396 times
Reputation: 29220
Quote:
Originally Posted by dmlarue1 View Post
We are a 2 income family and make enough on one income to pay the mortgage...
That sounds reasonable and responsible but I suspect this inquiry is really about what else
you are doing (or not doing) with your other money.

Frugality, choosing to have the lower priced <whatever>, is supposed to be about having
enough in surplus to afford something more or better or different in another area of your life.
Things like travel or the kids education in addition to funding the savings and investments...

Choosing to have the low priced in everything is (too often) just being cheap.
Reply With Quote Quick reply to this message
 
Old 10-18-2013, 08:42 AM
 
Location: Boise, ID
8,011 posts, read 22,499,039 times
Reputation: 9212
My hubby and I did basically exactly what you did. Bought a house we could afford on one salary, even though we both work. $135k about 10 years ago. Then he lost his job, with no unemployment for a full year. So very glad I didn't buy more. Also glad I didn't buy less, as I wouldn't have been as happy with the house. As it is, what I have is exactly what I want.
Reply With Quote Quick reply to this message
 
Old 10-18-2013, 09:39 AM
 
13 posts, read 19,000 times
Reputation: 55
$69,000. for 1200 sq. ft. 2 beds/2 full baths and 1/8 of an acre. It's small, but it's perfect for us. This is near Pittsburgh, PA.

We're happy with it.
Reply With Quote Quick reply to this message
 
Old 10-18-2013, 09:53 AM
 
Location: St. Louis, MO
758 posts, read 1,316,173 times
Reputation: 937
We paid 155K for a 1300 square foot lot on a 12000 square foot lot. My husband got talked into buying it from his sister, and despite the "good deal" she swore she was giving him, she overpriced it by almost 20K.

I've wanted to move for the past 10 years.
Reply With Quote Quick reply to this message
 
Old 10-18-2013, 10:00 AM
 
2,159 posts, read 2,506,391 times
Reputation: 2762
Quote:
Originally Posted by dmlarue1 View Post
Hi All
My husband and I are closing on a house this week. We bought a very frugal house 133k that had everything that we felt we "needed" (safe neighborhood, good school district, at least 2 bedrooms, could be older but didnt need a complete overhaul...we can paint and put down floors but major construction is way beyond us). We garden and grow alot of our own vegetables and have a dog, so our one "want" was at least a quarter acre yard. ( Alot of the houses here have postage stamp size yards).

While I am very happy with our choice, the cheap part of me really wishes we had found something cheaper. We are a 2 income family and make enough on one income to pay the mortgage, but I guess I am really cheap!!

Just wondering how other people feel about their houses and if you would have done anything differently..spend more or less..or gotten a bigger or smaller house?
My wife and I did the same thing. Yes, it would have been nice to live in a nice big house but with no kids, an 1800 sq ft house is enough for us. We don't live in a rich neighborhood but a good, safe neighborhood that I don't worry much about crime. We bought for $200K. I wish it was cheaper. My cousin bought his house in N. Carolina for under $100K. I envy those who can buy a house around $100K.
Reply With Quote Quick reply to this message
 
Old 10-18-2013, 10:49 AM
 
Location: All Over
3,971 posts, read 4,193,378 times
Reputation: 2999
I guess it really depends on what area of the country you live in. In the CHicagoland area even in a somewhat downtrodden area but in a good school district and safe area I paid 96k. i actually wish I woulda bought something a bit more expensive, just get rid of some of the rif raf, my neighborhood has a lot of section 8. I dont feel unsafe but property crime, people loidering, some drug activity etc kind of comes with the neighborhood. As they say you can change almost anything about a property but lot size and location.

aside from that though i like the size of my house about 1200 sq feet. i had two roomates, friends of mine living with me who were paying my mortgage for like 3 years so i could have afforded more house. oh well though im happy. im now renting out the place for $400 more than my mortgae and renting my parents house for two years while they temp move out of state so all worked out
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics > Frugal Living
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top