Robby's Journey

[Lori Dee ✅]

I am so happy to read this.

Be sure to let your son know this. The two of you have each other and can work through everything together. Reading this made me smile!

[Pema]

Robby, this is phenomenal news. This is exactly what I mean when I talk about taking steps that open up new opportunities. It's up to us to do it, and you're doing it. This is what that looks like and feels like. You have the power.

[Robbyv213]

Looking for opinions and general thoughts.

As my separation with my wife is getting closer and closer I find myself needing to make choice about where to live next. We have till the end of April with our current rental. We are both hoping to have our own places ready to move into by the mid March or beginning of April.

As of right now moving out of the state is not an opinion due to not having money to move and or having any jobs lined up. That and we will be sharing custody of the pets with verbal agreement during this first year of living apart.

So the question is do I continue to rent or apply for a VA home loan and buy?

Most places where I live rentals are going for 1600-2200 for 3 bed 2-2.5 bath, typical property.

Most homes to buy are on the low end of 250 to stupid ridiculous expensive. Looking at homes bellow 350 the calculated mortgage rate is right around 16-1800.

So do I rent or buy. I can see the pros and cons of both. I know I can buy a home that has a pool and have lower mortgage rate than renting a home that has a pool.

Most rentals are now controlled by major corporations and everything is done through an online portal ( which is what we currently have and dont like)

Renting would be nice depending on how many animals I am taking on I could live more minimalist. But if I have two or more animals I feel I need a house with a yard to rent at the least and unfortunately most have breed restrictions. I like the fact that with renting I know I'll be able to move in a year. Buying I'll be a bit more tied down.

Not that I see my wife being vindictive but if I buy there is a chance she may want to try to stake a claim on half of it...

And again as much as I'd like to move to WA or Co I don't have the means, job or any legitimate plans to make that happen.

[Lori Dee ✅]

The job will impact your ability to buy. As you said, buying will also tie you down for a while, since it takes longer to sell when you want to move.

I like renting because maintenance and yardwork are included. But pets require extra deposits and fees (plus breed and size restrictions). They can be more lenient about the job as long as you can show a reliable income. After you move in, you can change jobs, and no one will notice.

If you remain in-state, consider moving away from cities. That is where the higher prices are. I have found that smaller towns away from the suburbs can be more affordable.

Do some searching online on sites like Zillow to get an idea of what is available and what the prices are. You might spend more money commuting to work and appointments, but that is balanced by the lower mortgage/rental rate.

Good luck!

[Jessica_Rose ✅]

I agree with @Lori Dee , renting is your best option for now. While it is a buyer's market for homes, interest rates are still slowly coming down. In many areas, home sales are dismal. We listed our 'old' house last September. We received an offer within a week or two, but it was contingent upon the buyers selling their existing home. They weren't able to sell, and we relisted the house in early January. Hopefully, the sale will close this Thursday.

Your life is turbulent right now. Renting will buy you some time for things to calm down, and to plan for your future.

Love always -- Jessica Rose

[Stottie Girl]

I'm a little confused? How could your ex wife try to take half of a new house that you've bought after you were seperated?

I'm in the UK and have just put my house up for sale today. For me, rental is dead money and buying a home would always be preferable if you can afford it. longer term, bricks and mortar (or whatever you guys build your homes out of!) will go up in value and will nearly always be a good investment allowing you to climb the property ladder. Rent just lines a landlords pockets.

But everyones personal circumstances are different so it's not always possible to buy of course.