New Here - Page 2

TheWife · 10-05-2003, 05:28 PM

He'd probably have to be gone for a year for it to start to bother me that I wasn't getting any. LOL.

MQAAord · 10-05-2003, 11:25 PM

Something to look forward to is that once the pilot in the family makes it to the airlines, s/he can start commuting, so you can basically live anywhere you want, as long as you live within driving distance to a airport served by the airline you work for. When my husband and I bought our house in suburban Chicago, I was based in New York and he was (still is) based in Cincinnati. Commuting can be a pain, but it's worth it to live where you want. Also you don't worry about displacements quite as much, because all it means is a different commute, not packing up and moving your whole life!

Kristie · 10-05-2003, 11:48 PM

"I don't think we wil own again for a LONG time. At least not until we are sure we will be in an area for several years, and we have enough money that we could take a low price on the house."

yeah - but not owning means you also don't gain any equity.. and it's the equity that helps you buy that next house... even if your in a house for a year, it still ends up paying off - at least i think so as long as you use the "location, location, location" rule....

btw - welcome Lisa, lemme ask you - how did you find us??? just wondering cuz i think I need to look at expanding my marketing some! haha [img]/forums/images/graemlins/smile.gif[/img]

TheWife · 10-06-2003, 12:12 AM

I know we have been down this road before but it REALLY depends on the area if owning is better then renting. If you were in an area that was greatley appreciating then yes it would be great even if it was short term. But when you look at this:

I paid $166K for my house in 01. Since there wasn't many nice houses available we had to pay top dollar for what we wanted. Typical closing costs are $3K. Taxes and Insurance for two years are $3200. I am now trying to sell my house and I CAN'T use an agent because I would have to sell it for $174K (it's BARELY worth $166k two years later) to get the agent's 6% paid, and that would exactly pay off what I owe, NOT one penny of profit, and when you figure in all the other closing expenses and such, we really have lost a lot of money by owning for 2 years. So IF you were to find an area that had lower taxes, less closing costs, and GREAT property appreciation then you'd be able to take a lower price on your house if you needed to. That's why I say you have to be there for a few years. My best friend owned her house for 8 years and made like $12K even after the realitor. Hope that wasn't confusing. I just can't count on the chance that we'll be living somewhere that has good appreciation value, since I obviously don't know where we will be living for the enxt several years. Maybe we should skip FSI and keep our house for a few more years [img]/forums/images/graemlins/frown.gif[/img]

lisa71 · 10-06-2003, 08:18 PM

When we bought this house (a year ago), the homes in this area were going way up in value. Since the war though, they've dropped an insane amount. We'll be lucky to get out with even alittle of the downpayment we put into it. We're just praying we'll get out and not have to pay. I agree, it would be a great investment in a market that's increasing but this is the worst time to be selling. We probably won't be buying in CA, it's way to expensive out there!! I don't think we could ever get ahead. If (or when I pray!) my dh gets on with a major airline and we can commute, then we'll probably buy another house when we settle down and know we'll be there for a while. That was the case with this house, when we signed the contract, he was being called back to Emery and could commute from DFW to Dayton. I guess it's just a lesson learned that nothing is for sure! We were thinking when we bought here that the houses were increasing in value so much that worst case scenario would be he didn't get called back and we'd have to sell but would make money on the house. Boy were we wrong! It's the 6% realtor fees that kill any equity in the house. We tried the other way (from Jan to May) and it didn't work at all! It's a tough call that's for sure! I think next time we're going to make sure we'll be staying in that state for more than a few years before we decide to buy. I'm just so scared to ever get into this same situation again where we're being kept apart for so long, it's so hard on the entire family. My 5 year old cries for his daddy every night and my 14 month old says "dada" everytime the phone rings. I don't know if he knows who is daddy is or if he just thinks the phone is his daddy!! :cry:

lisa71 · 10-06-2003, 08:19 PM

Opps, I forgot one thing, Kristie, I found this site from a link in the Yahoo pilots wives site. It was very hard to find though, that was the only place I've seen is advertised anywhere.

TheWife · 10-06-2003, 11:14 PM

LOL, my Caleb thinks the phone is daddy too. He says "uh uh uh" till he gets the phone and if it's not daddy on the other end he looks confused like the phone is lying to him. LOL. It will be over soon enough and you will forget you were ever apart and hopefully you won't have to face this again! Not only will I want to be sure we are staying in one area before we buy again, but I also want to be sure that we have like 6 months worth of mortgage payments in our savings account so that we can move and keep paying the mortgage, or take a loss on the house if needed.

skibum515 · 10-07-2003, 10:23 AM

ok this seems to be not quite a smart question, but it's one that has been lurking in the back of my mind. What does DH stand for? I know SO is significant other, but the only thing i can think of for DH is designated hitter? which i know can't be right so...yeh what is it?

Skibum

Kathleen · 10-07-2003, 11:23 AM

DH usually means "darling husband," but sometimes for me it's "damn husband." (JK

)

Another thing for you gals to consider, given the slow real estate market, is that realtors will often take reduced commissions to get your listing. It's worth a little negotiating when times are tight. And even if you have already signed a listing contract with your agent, if you get an offer that's below your asking price that's another good time to negotiate with your realtor to get the deal closed.

Good luck.

lisa71 · 10-07-2003, 08:39 PM

Oooh Kathleen, thank you for your suggestion!!! My realtor just suggested to us today that we drop our price again (which will put us at losing our entire downpayment and even maybe having to pay!!!) but, I never thought about renegotiating her contract. I could take a lesser price for the house if I didn't have to pay all the realtor fees. What a great idea, I'm going to run that past my husband and see what he thinks! thanks!

10-05-2003, 05:28 PM	#11 (permalink)
TheWife Jetgirls Ol' School Member Join Date: Aug 2003 Location: Utah Posts: 1,264 Recipes: Thanks: 1 Thanked 2 Times in 2 Posts	Re: New Here He'd probably have to be gone for a year for it to start to bother me that I wasn't getting any. LOL.

10-05-2003, 11:25 PM	#12 (permalink)
MQAAord Jetgirls Ol' School Member Join Date: Aug 2003 Location: A Happy Place Posts: 668 Recipes: Thanks: 0 Thanked 0 Times in 0 Posts	Re: New Here Something to look forward to is that once the pilot in the family makes it to the airlines, s/he can start commuting, so you can basically live anywhere you want, as long as you live within driving distance to a airport served by the airline you work for. When my husband and I bought our house in suburban Chicago, I was based in New York and he was (still is) based in Cincinnati. Commuting can be a pain, but it's worth it to live where you want. Also you don't worry about displacements quite as much, because all it means is a different commute, not packing up and moving your whole life!

10-05-2003, 11:48 PM	#13 (permalink)
Kristie Admin/Owner Join Date: Jul 2003 Location: Scottsdale, Arizona Posts: 6,572 Recipes: Thanks: 7 Thanked 14 Times in 14 Posts	Re: New Here "I don't think we wil own again for a LONG time. At least not until we are sure we will be in an area for several years, and we have enough money that we could take a low price on the house." yeah - but not owning means you also don't gain any equity.. and it's the equity that helps you buy that next house... even if your in a house for a year, it still ends up paying off - at least i think so as long as you use the "location, location, location" rule.... btw - welcome Lisa, lemme ask you - how did you find us??? just wondering cuz i think I need to look at expanding my marketing some! haha [img]/forums/images/graemlins/smile.gif[/img]

10-06-2003, 12:12 AM	#14 (permalink)
TheWife Jetgirls Ol' School Member Join Date: Aug 2003 Location: Utah Posts: 1,264 Recipes: Thanks: 1 Thanked 2 Times in 2 Posts	Re: New Here I know we have been down this road before but it REALLY depends on the area if owning is better then renting. If you were in an area that was greatley appreciating then yes it would be great even if it was short term. But when you look at this: I paid $166K for my house in 01. Since there wasn't many nice houses available we had to pay top dollar for what we wanted. Typical closing costs are $3K. Taxes and Insurance for two years are $3200. I am now trying to sell my house and I CAN'T use an agent because I would have to sell it for $174K (it's BARELY worth $166k two years later) to get the agent's 6% paid, and that would exactly pay off what I owe, NOT one penny of profit, and when you figure in all the other closing expenses and such, we really have lost a lot of money by owning for 2 years. So IF you were to find an area that had lower taxes, less closing costs, and GREAT property appreciation then you'd be able to take a lower price on your house if you needed to. That's why I say you have to be there for a few years. My best friend owned her house for 8 years and made like $12K even after the realitor. Hope that wasn't confusing. I just can't count on the chance that we'll be living somewhere that has good appreciation value, since I obviously don't know where we will be living for the enxt several years. Maybe we should skip FSI and keep our house for a few more years [img]/forums/images/graemlins/frown.gif[/img]

10-06-2003, 08:18 PM	#15 (permalink)
lisa71 Member Join Date: Oct 2003 Location: Keller, Texas Posts: 12 Recipes: Thanks: 0 Thanked 0 Times in 0 Posts	Re: New Here When we bought this house (a year ago), the homes in this area were going way up in value. Since the war though, they've dropped an insane amount. We'll be lucky to get out with even alittle of the downpayment we put into it. We're just praying we'll get out and not have to pay. I agree, it would be a great investment in a market that's increasing but this is the worst time to be selling. We probably won't be buying in CA, it's way to expensive out there!! I don't think we could ever get ahead. If (or when I pray!) my dh gets on with a major airline and we can commute, then we'll probably buy another house when we settle down and know we'll be there for a while. That was the case with this house, when we signed the contract, he was being called back to Emery and could commute from DFW to Dayton. I guess it's just a lesson learned that nothing is for sure! We were thinking when we bought here that the houses were increasing in value so much that worst case scenario would be he didn't get called back and we'd have to sell but would make money on the house. Boy were we wrong! It's the 6% realtor fees that kill any equity in the house. We tried the other way (from Jan to May) and it didn't work at all! It's a tough call that's for sure! I think next time we're going to make sure we'll be staying in that state for more than a few years before we decide to buy. I'm just so scared to ever get into this same situation again where we're being kept apart for so long, it's so hard on the entire family. My 5 year old cries for his daddy every night and my 14 month old says "dada" everytime the phone rings. I don't know if he knows who is daddy is or if he just thinks the phone is his daddy!! :cry:

10-06-2003, 08:19 PM	#16 (permalink)
lisa71 Member Join Date: Oct 2003 Location: Keller, Texas Posts: 12 Recipes: Thanks: 0 Thanked 0 Times in 0 Posts	Re: New Here Opps, I forgot one thing, Kristie, I found this site from a link in the Yahoo pilots wives site. It was very hard to find though, that was the only place I've seen is advertised anywhere.

10-06-2003, 11:14 PM	#17 (permalink)
TheWife Jetgirls Ol' School Member Join Date: Aug 2003 Location: Utah Posts: 1,264 Recipes: Thanks: 1 Thanked 2 Times in 2 Posts	Re: New Here LOL, my Caleb thinks the phone is daddy too. He says "uh uh uh" till he gets the phone and if it's not daddy on the other end he looks confused like the phone is lying to him. LOL. It will be over soon enough and you will forget you were ever apart and hopefully you won't have to face this again! Not only will I want to be sure we are staying in one area before we buy again, but I also want to be sure that we have like 6 months worth of mortgage payments in our savings account so that we can move and keep paying the mortgage, or take a loss on the house if needed.

10-07-2003, 10:23 AM	#18 (permalink)
skibum515 Jetgirls Ol' School Member Join Date: Jul 2003 Location: Park City Posts: 1,183 Recipes: Thanks: 2 Thanked 8 Times in 8 Posts	Re: New Here ok this seems to be not quite a smart question, but it's one that has been lurking in the back of my mind. What does DH stand for? I know SO is significant other, but the only thing i can think of for DH is designated hitter? which i know can't be right so...yeh what is it? Skibum

10-07-2003, 11:23 AM	#19 (permalink)
Kathleen Jetgirls Member Join Date: Aug 2003 Location: Evergreen, Colorado Posts: 54 Recipes: Thanks: 0 Thanked 0 Times in 0 Posts	Re: New Here DH usually means "darling husband," but sometimes for me it's "damn husband." (JK ) Another thing for you gals to consider, given the slow real estate market, is that realtors will often take reduced commissions to get your listing. It's worth a little negotiating when times are tight. And even if you have already signed a listing contract with your agent, if you get an offer that's below your asking price that's another good time to negotiate with your realtor to get the deal closed. Good luck.

10-07-2003, 08:39 PM	#20 (permalink)
lisa71 Member Join Date: Oct 2003 Location: Keller, Texas Posts: 12 Recipes: Thanks: 0 Thanked 0 Times in 0 Posts	Re: New Here Oooh Kathleen, thank you for your suggestion!!! My realtor just suggested to us today that we drop our price again (which will put us at losing our entire downpayment and even maybe having to pay!!!) but, I never thought about renegotiating her contract. I could take a lesser price for the house if I didn't have to pay all the realtor fees. What a great idea, I'm going to run that past my husband and see what he thinks! thanks!

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