I am so unsure of what to do,…………
Well, lately, it has been bothering me that DH was looking at homes for sale online and whined that he was sick and tired of renting, and announced it was time to own a REAL home. My reaction? DO I HAVE TO GO THROUGH THIS AGAIN? I can remember the time when my bachelor-farmer uncle passed away from heart failure due to cancer and diabetes, he loved us 10 nephews and nieces that he left us the inheritances, just enough for me to put to a down payment towards the house. But the bank was so unsure of our credit history and suggested we have a co-signor, which my Dad was the only person who agreed to doing it. But when my dad was about to co-sign, he had to read the terms and conditions of CHMC, and he DECLINED. Actually, I don’t blame him. We have been warned before by our family members who battle CHMC and lost, forced to pay the money which should have been used towards renovations and repairs. But my dad had a better way. With my inheritance and his inheritance ( life insurance beneficiary money) from my uncle’s estate, we bought the house in FULL (through a private sale without the use of realtor) with DH as the non-owning spouse. It was cheap, but it was better than as what dad said,”better to have it our own than to have some bank own something”. We were planning alot of renovations and budgets (so far, we got the plumbing replaced, from copper to strong PVC piping that improved the clean water quality and made the flow of the water FASTER, as well, it was DARN CHEAP, nothing leaked at ALL, as well as painting the walls to the colors we love). Well, suddenly, I was laid off from the cooking job and the wife of the boss did something to tick me off, so I was not called back to the job, which upsets me. But my doctor told me that I need to take it easy since I was pregnant at that time, so I couldn’t work at all. My DH worked with dad as a farm hand to make ends meet, and we did ok. DH actively updated his resume to the mine every week, and it was a constant chore that after eight years of updating, he gave up. The mine office administration would NOT look at the locals’ resumes at all, they were looking for resumes coming from OUT of PROVINCE. After DS was born, we were experiencing problems with the whole town in GENERAL, from jobs to people. And when one day the power was cut off for one day due to missed payment, my MIL angrily paid the power bill to get it back on. It was to the point that night after the power came back on, I put DS to bed and DH and I sat down and talked about our future living here in town. I said,”If no one are willing to hire us, then why are we still here in town? We may as well leave!” So it did not take long to make the painful decision to leave town for the city, with the house on the market PRIVATELY (the local realtors wanted too much money for fees and closing costs, in which we will never anything in return). My dad and MIL were angry at us for our decision to stick to, but my mom and FIL were very supportive as we have to do what right for us as a family. So we went back to renting in the city, and it is a fourplex townhouse at a reasonable rent rate. Four months after we moved to the city, the house was finally sold to a distant cousin of my DH, who decided to moved back to his hometown after living in Ontario for 35 years, and was recently widowed (his wife died and had to be travelled back here to be buried with her family members). “W”, the cousin, asked us what was our plan for the house, so we told him about the renovation plans, and he pretty much did what we told him, replace the old carpet in the living for hardwood flooring, and installed new carpets in the two bedrooms. I find that selling the house privately was much proved difficult because of potential buyers and their style and their likings. But it is all over for now, and I am not sure if I miss the house or not, it is the hometown I don’t miss at all. I wish I could swear and make offensive comments against the town, but it is all over.
Until now,……
DH is waiting for the inheritance to come through from his mom’s estate, but I doubt it will be much, as when MIL found out she had cancer two years ago, she was on a lifetime of going on a spending spree, from buying a huge camper to brag to her camping neighbours, to buying a handycam that we can never afford, as well have the house renovated (my FIL didn’t want to, as he hated change) to buying things that we can never afford. Dh believed that FIL can help with the co-signing now that she is not here anymore, and I still have doubts, STILL. I would love to go to work to bring more money home, but I have to pay for childcare and all that. But I still have nagging doubts to wait LONGER than usual, but still put away more money as usual.
Ugh, I don’t want to ever think of going through the process of buying a house again ever, even with the non-stop rising prices of homes.
