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LIF Infant
Member since 4/07 233 total posts
Name:
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Teachers how many of you can afford
Hi I was just curious to see how many teachers can afford to own a home?
My DH is the teacher and I a SAHM.As for now we rent and pay off student loans.But we are amazed at how people can do it on just a teachers salary.Long Island is soooo...expensive for a young couple with a child!!
This is not my parents Long Island!!
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Posted 1/9/08 9:44 AM  |
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nicrae
He's here!
Member since 12/06 9289 total posts
Name:
Mommy
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Re: Teachers how many of you can afford
I was able to own a co-op on my own with my teacher's salery. I would never be able to afford our house we live in now without my DH and his job (he is not a teacher).
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| Posted 1/9/08 11:29 AM |
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Re: Teachers how many of you can afford
DH and I own a home. He is not a teacher. There is NO way we could afford our house on just my income.
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| Posted 1/9/08 11:48 AM |
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LulaBell
:)
Member since 1/06 3508 total posts
Name:
J
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Re: Teachers how many of you can afford
We are both teachers. I do a lot of extras and could possibly afford our house on my income alone, but I wouldn't be leaving much room for anything else. However, it's because we both work that we were able to save a significant amount to have a good down payment. We couldn't have done that on one salary.
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| Posted 1/9/08 11:53 AM |
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beautyq115
New Year!
Member since 5/05 13729 total posts
Name:
Me
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Re: Teachers how many of you can afford
DH and I are both teachers in NYC and we just bought our first house....We couldn't do it just on one salary alone and I try and do extra hours or per session whenever I can for extra $$$. We also work over the summer
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| Posted 1/9/08 12:03 PM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: Teachers how many of you can afford
DH is a teacher but I work full time. we would not be able to afford a home with him just working.
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| Posted 1/9/08 12:39 PM |
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Nicole728
My Happy Girl
Member since 7/06 8198 total posts
Name:
Me
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Re: Teachers how many of you can afford
We own a home in NC.
I make pretty decent money down here. and our mortgage is affordable, so when DH lost his job in July, we were ok just on my salary
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| Posted 1/9/08 1:21 PM |
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donegal419
St. Gerard, pray for us.
Member since 7/07 7650 total posts
Name:
K
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Re: Teachers how many of you can afford
i probably could but there would be NO room for extras. With DH's income, it would be much better, but then we want kids... it's so hard on LI. Thank god, i have no credit card or school debt--then i really would not be able to swing it. even then, it would be a LOW priced house...
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| Posted 1/9/08 1:36 PM |
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ml110
LIF Adult
Member since 1/06 5435 total posts
Name:
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Re: Teachers how many of you can afford
i'm a speech therapist in a school, and we own a home in NJ ( almost as expensive as LI!) but DH works and makes good money.. we would NEVER be able to do it on just my salary! maybe DHs salary, but definitely not just on mine. will you eventually go back to work? i think in this area you need 2 salaries to afford a home... its hard on one, especially when that one is a teachers salary!
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| Posted 1/9/08 5:04 PM |
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browneyedgirl
family is all that matters
Member since 6/06 6513 total posts
Name:
browneyes
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Re: Teachers how many of you can afford
i could never afford my home on just my teacher's salary. so i will never be a SAHM
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| Posted 1/9/08 7:50 PM |
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Arieschick29
aries+cancer= pisces&gemini
Member since 3/06 4268 total posts
Name:
Jen
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Re: Teachers how many of you can afford
DH and I just bought a house...my teacher's salary is going to pay the mortgage every month (basically it will be deposited then the same amount will come right out to pay)
We will be able to live comfortably due to DH's IBM job but I'm sure I could have managed to live like a tightwad and survive on my salary alone
But I live in the Hudson Valley and cost of living/my mortgage is much cheaper up here than on LI
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| Posted 1/9/08 7:59 PM |
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Jacksmommy
My love muffin!
Member since 1/07 5819 total posts
Name:
Liz
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Re: Teachers how many of you can afford
we do, but we had a decent down payment. Its hard and I can never be a SAHM. I work a lot of "extra" work too!
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| Posted 1/9/08 8:38 PM |
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LIF Infant
Member since 4/07 233 total posts
Name:
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Re: Teachers how many of you can afford
Yes I will be back to work as soon as my son is in school. Your right it is impossible otherwise.Thanks for the feedback
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| Posted 1/9/08 10:15 PM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: Teachers how many of you can afford
Posted by create
Yes I will be back to work as soon as my son is in school. Your right it is impossible otherwise.Thanks for the feedback
i wouldnt say its impossible, just a heck of a lot easier. while I said that if DH (the teacher) lost his job we wouldnt be able to afford it; we probably could swing it, but life wouldnt be enjoyable, kwim??
and we wouldnt be able to have saved a nice down payment like a previous poster stated.
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| Posted 1/10/08 3:24 PM |
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bellarina
She's my dancing queen!
Member since 5/05 1752 total posts
Name:
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Re: Teachers how many of you can afford
both of us are teachers and we got in before everything got super expensive. We live in a nice home in a modest area and middle of the way school district. I'd like to upgrade some day but don't think we're leaving soon. Oh BTW- our home was a total fixer upper and we did most of the work ourselves. We still have a long way to go. We have been here 6 years now.
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| Posted 1/10/08 6:08 PM |
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daisy
Be happy
Member since 5/06 1359 total posts
Name:
Me
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Re: Teachers how many of you can afford
I bought a home on my own. I pay the mortgage and bills on my own.
Impossible...no.
Difficult......yessum!
That said, I love my house, love where I live, and love my job. I made my choices knowing it would be a challenge...
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| Posted 1/10/08 6:55 PM |
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dbleplay17
My 2 boys!
Member since 10/06 4578 total posts
Name:
Chrissy
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Re: Teachers how many of you can afford
I am a teacher DH is not. but we couldnt do it just on my salary. We we able to buy a house with our salaries combined
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| Posted 1/10/08 9:35 PM |
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MrsYank
She's here :)
Member since 4/07 3238 total posts
Name:
Mrs. Yank
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Re: Teachers how many of you can afford
you should look into the teacher next door program.
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| Posted 1/11/08 6:49 AM |
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tabrtm
LIF Adult
Member since 10/06 1314 total posts
Name:
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Re: Teachers how many of you can afford
I owned a condo on my own.
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| Posted 1/11/08 7:58 AM |
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RadioLau
LIF Adult
Member since 4/07 2179 total posts
Name:
Laura
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Re: Teachers how many of you can afford
We have a home. Major fixer upper.
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| Posted 1/11/08 8:58 AM |
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