As a single nurse were you able to buy a home?

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But realistically are you able to live comfortable and own a home on $24/25 an hour?

Or do you think it's better for a nurse who is single to rent? I'm not sure how taxes and home owning expenses work while owning a home.

I'm a mom and I would ideally like to buy a home in a good school district before my kid goes into kindergarten in roughly 2 years.

(I don't know if this is better suited for the break room, but I don't know how to get there from the app.)

OP, are you still a student? New RN?

Based on the quantity of dissatisfaction I read about on here, I would make sure you like your job situation before committing to a mortgage. Nothing is worse than being stuck, and nothing is much better than not being stuck.

Specializes in ER LTC MED SURG CLINICS UROLOGY.

I bought my first home seven years ago when prices were rock bottom after the crash. Mortgage is 625 a month and I only have another year of PMI to go. I make around 34 an hour and the cost of living is low here in georgia. I also have around 30000 saved in case of an emergency or whatever. And I but what I want, I just try not to live outside of my means ya know? Yes it can be done!

Specializes in Family Nurse Practitioner.
The variables are too many, therefore the longer u stay in that mortgage the higher your chances of defaulting or something happening is great. Now as a BSN floor nurse, ur chances of anything happening is always high. That is my rationale

When I bought my first couple of houses I tried to make sure my expenses were such that if I had to get a job working at McDonalds I would be able to pay my bills. It might sound silly but it gave me a feeling of control. Over the years I have had numerous mortgages and have actually paid off 2 of them so I'm not sure I agree that the chances of defaulting increases as time wears on especially if you continue living within or below your means. Keep an open mind. :)

Specializes in Family Nurse Practitioner.
I bought my first home seven years ago when prices were rock bottom after the crash. Mortgage is 625 a month and I only have another year of PMI to go. I make around 34 an hour and the cost of living is low here in georgia. I also have around 30000 saved in case of an emergency or whatever. And I but what I want, I just try not to live outside of my means ya know? Yes it can be done![ATTACH]18178[/ATTACH]

Your house is so stinking cute!!

Specializes in geriatrics.

As many posters have mentioned, make sure you research all the costs involved in buying a home AND you have a solid emergency fund prior to signing for that mortgage.

Many people become house poor because they fail to consider managing all of the unexpected costs, including rising interest rates and property taxes. Although the bank will often lend three times the amount you can comfortably afford, it's best to live within your means.

Specializes in ER LTC MED SURG CLINICS UROLOGY.

Thanks! I painted the door red and the shutters black last month. I LOVE my home!!!!

OP, are you still a student? New RN?

Based on the quantity of dissatisfaction I read about on here, I would make sure you like your job situation before committing to a mortgage. Nothing is worse than being stuck, and nothing is much better than not being stuck.

That's a good point. I'm a student, I graduate in a couple weeks though :)

I bought my first home seven years ago when prices were rock bottom after the crash. Mortgage is 625 a month and I only have another year of PMI to go. I make around 34 an hour and the cost of living is low here in georgia. I also have around 30000 saved in case of an emergency or whatever. And I but what I want, I just try not to live outside of my means ya know? Yes it can be done![ATTACH]18178[/ATTACH]

This is a lovely house!

I pay $600 a month for an OK apartment in a less than okay neighborhood...

Specializes in ER LTC MED SURG CLINICS UROLOGY.

Thanks!!! At least something good came out of the mortgage crisis, I got a damn good deal! 120000 dollar house at 79000, only two years old at

The time, and had only been lived in six months! I was only making 45000 dollars a year as an ER nurse when I took on the mortgage (was 720 ai th before refinancing for a 4 percent Interest rate) so yeah it can be done with money to spare/save.

Specializes in CCU, SICU, CVSICU, Precepting & Teaching.
The variables are too many, therefore the longer u stay in that mortgage the higher your chances of defaulting or something happening is great. Now as a BSN floor nurse, ur chances of anything happening is always high. That is my rationale

You can spell out "variables" but not "you" or "your"?

Specializes in Critical Care, Postpartum.

I'm a single nurse and bought a two-story home in a gated community. I can pay mortgage, HOA fee, and all monthly amenities and still have money to go shopping and contribute to my savings account. My previous assistant manager who is married and obviously makes more than me as a ANM is still unable to afford a home.

I am great at saving. I literally learned when I hit rock bottom. I was laid off and on food stamps several years ago and during that time I was able to pay my $1000/month rent off of unemployment and still put money aside in my savings. So after getting my first nursing job, I paid off a lot of my debt within months and started saving for my house. Within a year I was turning the key to my new house. I had stunned both my neighbors when I told them I bought the house.

Anything is possible when you have determination.

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You can spell out "variables" but not "you" or "your"?

Lol. Caught up in the Generation Y lingo. But I bet you* did not miss the point.

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