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

Nurses General Nursing

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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.)

It's it Ludacris to say not to buy a house if you have an associates degree or arefloor nurse, even a new Grad. I bought my first house with a single income within 1.5 years of becoming a Nurse with an associates degree at the bedside. I do work some overtime, but It's totally doable especially if you don't have a lot of debt.

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It's it Ludacris to say not to buy a house if you have an associates degree or arefloor nurse, even a new Grad..

I can understand what the poster is saying.

If you have an ADN,you MUST go back to earn a Bsn Degree;many employers require it.

Lots of employers are not offering any kind of tuition reimbursement.

Therefore,there is the possibility you will be stuck paying a mortgage AND tuition.

I also think having a Bsn Degree nowadays translates to more job stability.

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I agree that advancing to a BSN is probably a good idea...however it's not necessary to make good money and keep a job. Maybe I'm lucky but my employer offers reimbursement. It's possible to work full time, pay a mortgage and complete an online RN-BSN

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Specializes in Case mgmt., rehab, (CRRN), LTC & psych.
It's possible to work full time, pay a mortgage and complete an online RN-BSN
I agree. I worked full-time night shift and made mortgage payments while completing an online RN-to-BSN program. In addition, I paid for the BSN program with cash because I want no student loan debt at this point in my life.
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Specializes in Family Nurse Practitioner.

My advice is to definitely buy what you can afford on your base salary. Never depend on overtime that may or may not always be there to pay your bills. I believe in the crash many people fell victim to that.

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Depending on where you live there are many decent, safe neighborhoods with reasonably priced homes compared to the wages in Maryland. I would definitely count on spending at least $150,000 but at todays rates that is in the $750 a month range and rentals are definitely more pricey than that.

Like I said , Maryland is expensive, maybe in the very rural you get a house for $750 a month. Plus mortgage companies are getting very picky these days. I live in Baltimore, they purposely keep certain areas expensive to keep certain people out. You will defiantly not get a nice house for $150,000 in the downtown of Baltimore especially close to the inner harbor. Many people have told me that they could buy mansion with of money we have to pay for houses down here. Like I said , it all depends on the on where original poster lives.

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If you do not think you're financially comfortable to own a home then I would strongly advice to wait to buy a home. I have worked with a lot of realtors and landlords, selling your home or renting is not easy. Remember there are other costs to owning a home , owning a home is not easy, there is a reason why there was a house market crash.

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Specializes in Family Nurse Practitioner.
Like I said , Maryland is expensive, maybe in the very rural you get a house for $750 a month. Plus mortgage companies are getting very picky these days. I live in Baltimore, they purposely keep certain areas expensive to keep certain people out. You will defiantly not get a nice house for $150,000 in the downtown of Baltimore especially close to the inner harbor. Many people have told me that they could buy mansion with of money we have to pay for houses down here. Like I said , it all depends on the on where original poster lives.

Maryland is expensive and if you have your eye on the inner harbor no way are you going to get much for your money there however there are decent, safe neighborhoods where $150,000 will buy a modest home in Baltimore City and the surrounding suburbs.

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Specializes in Family Nurse Practitioner.
If you do not think you're financially comfortable to own a home then I would strongly advice to wait to buy a home. I have worked with a lot of realtors and landlords, selling your home or renting is not easy. Remember there are other costs to owning a home , owning a home is not easy, there is a reason why there was a house market crash.

I totally agree that if someone doesn't feel financially comfortable then buying a home is a bad idea but the reason there was a housing crash imo was largely based on the unrealistic expectations of the home buyers during that time frame.

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Specializes in Case mgmt., rehab, (CRRN), LTC & psych.
I totally agree that if someone doesn't feel financially comfortable then buying a home is a bad idea but the reason there was a housing crash imo was largely based on the unrealistic expectations of the home buyers during that time frame.
Yep. I was living in California, ground zero of the 2008 housing meltdown, during the early years of the real estate boom. When I worked at a paper products plant in southern California from 2001 to 2004, many of my working-stiff coworkers were buying $500,000+ houses on incomes incomes in the $50k to $60k range.

In addition, these factory workers were educated at the high school diploma or GED level, meaning their positions in the job market were very precarious. If a guy with a GED and a $50,000 income is laid off or terminated, it is almost impossible for him to obtain another job that pays similarly.

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Maryland is expensive and if you have your eye on the inner harbor no way are you going to get much for your money there however there are decent, safe neighborhoods where $150,000 will buy a modest home in Baltimore City and the surrounding suburbs.

Can list a place thats decent in baltimore city that you can get for $150,000 and has a good school system?

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Yep. I was living in California, ground zero of the 2008 housing meltdown, during the early years of the real estate boom. When I worked at a paper products plant in southern California from 2001 to 2004, many of my working-stiff coworkers were buying $500,000+ houses on incomes incomes in the $50k to $60k range.

In addition, these factory workers were educated at the high school diploma or GED level, meaning their positions in the job market were very precarious. If a guy with a GED and a $50,000 income is laid off or terminated, it is almost impossible for him to obtain another job that pays similarly.

Its just not blue collar workers , there is also a lot of working professionals who buy houses that are above their means.

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