Buying a House on a Nurse's Income: How Do Nurses Afford $450,000+ Houses?

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One of my goals is to eventually be able to purchase a house.  Many of my nursing colleagues are purchasing homes that are worth $450,000, $500,000 or even more.  Sadly, my budget is about half of that or even less, which means the houses I have to choose from are not appealing.  Most of them are small, old, or both. 

I am just curious how other nurses manage to purchase decent houses? I've been looking through my income, and I just can't find a way to make it possible to incorporate such a house into my budget.  I am salary, so there are no opportunities for overtime.

What are other nurses' experience with buying houses? How did you make it work? Did it require switching jobs? Inquiring minds want to know!

Thanks ? 

Specializes in oncology.

 

49 minutes ago, SilverBells said:

Just curious...has anyone else found it more increasingly difficult to look up addresses/property records?  It used to be you could Google the property you were looking for and the answer would generally pop up.  Now, even White Pages requires you to pay to look up anything online...what is this about? It used to be free.  

You may want to look at your county's online records which delineates the price paid and the tax amount

Specializes in RETIRED Cath Lab/Cardiology/Radiology.
Specializes in oncology.
37 minutes ago, londonflo said:

You may want to look at your county's online records which delineates the price paid and the tax amount

I have done this in the past when buying. Another way is to contact a realtor without making a commitment for buying. 

1 hour ago, SilverBells said:

Just curious...has anyone else found it more increasingly difficult to look up addresses/property records? 

Please tell me you aren't looking up the new girlfriend.

Specializes in Rehab/Nurse Manager.
47 minutes ago, Wuzzie said:

Please tell me you aren't looking up the new girlfriend.

More so of a general way to look up homes that are similar to what I would want and what sort of payment was involved so I know what to expect. This information was a lot easier to obtain years ago.   As for the girlfriend, it's actually very difficult to find out anything about her, and, with the limited information available, there would likely be no benefits to looking up county records or paying one of these websites $20 for the reports they want every time you want to look up something.  I figure if I have to pay for something, I probably don't need the information that badly, and I'm doubtful that these records would reveal much anyway.  Therefore, I'm looking for an easier way to find out more information about houses that would both be to my liking and relatively within budget as well.  

Specializes in Critical Care.
20 hours ago, SilverBells said:

Ehh...I figure if people in their twenties are buying brand new houses, it must be possible.  There's more than one example I can think of, too, so it's obviously possible and not rocket science.  I just haven't figured it out.  

One example I can think of is a colleague who is actually 3 years younger than me.  Has two daughters, just recently built own house for over $400k.   Another colleague of mine just had a son; bought a house for $450k.   I know of another colleague who has two children; I don't know how much her house is worth but it is very new, and based on its appearance, I'm pretty sure I would have trouble affording it, if able to at all.   My ex's new girlfriend/fiance/wife/whoever she is just bought a new house, too--single family home simply by working as a postpartum nurse, so they're not living in a townhome either.  

So, theoretically, I should be able to figure out a way, too. 

 

Well we've all given you are experiences with buying a home, but you remain unsatisfied.  Therefore I suggest you make the bold step of asking your coworkers how they could afford such expensive homes.  Say I'm impressed with how you were were able to buy the home of your dreams, do you have any tips for me.  Or I'm thinking about buying a home, but I don't know where to begin.  How did you do it?

But buying the house is the first step, keeping it is the next.  We had a bunch of mgrs sitting in a meeting with a staff nurse re demoting a nurse on the clinical ladder over a technicality.   They spent this time bragging over their $400,000 plus houses and ended demoting the said nurse and giving her a paycut.  But I'm happy to report they received their just due, at least two of them.  Karma was coming, they both were fired without warning and walked out of the building by security.  It took them both almost a year to find another job and one had to relocate several hundred miles away.  I don't know if that one kept her home or sold it.  A couple years later that remote hospital was taken over by Wrongway, what are the odds?  So she may very well have lost her job again.  Hope she hadn't bought another house as this was a rural area where such job opportunities were few and far between.

I'm scared to ask how did you find out about your ex's baby mama's home?  Stalking or snooping again?  When are you going to stop it!  Not that it's any of your business, she needs a house more than you do with a baby to care for and as you said she has 13 more years of work experience, ample time to save for a home!

Specializes in Critical Care.
2 hours ago, SilverBells said:

Just curious...has anyone else found it more increasingly difficult to look up addresses/property records?  It used to be you could Google the property you were looking for and the answer would generally pop up.  Now, even White Pages requires you to pay to look up anything online...what is this about? It used to be free.  

Don't tell us you are trying to find the address of your ex's baby mamma so you can do a drive by!  God forbid.  Just stop it now!

Specializes in Rehab/Nurse Manager.
1 hour ago, brandy1017 said:

Well we've all given you are experiences with buying a home, but you remain unsatisfied.  Therefore I suggest you make the bold step of asking your coworkers how they could afford such expensive homes.  Say I'm impressed with how you were were able to buy the home of your dreams, do you have any tips for me.  Or I'm thinking about buying a home, but I don't know where to begin.  How did you do it?

But buying the house is the first step, keeping it is the next.  We had a bunch of mgrs sitting in a meeting with a staff nurse re demoting a nurse on the clinical ladder over a technicality.   They spent this time bragging over their $400,000 plus houses and ended demoting the said nurse and giving her a paycut.  But I'm happy to report they received their just due, at least two of them.  Karma was coming, they both were fired without warning and walked out of the building by security.  It took them both almost a year to find another job and one had to relocate several hundred miles away.  I don't know if that one kept her home or sold it.  A couple years later that remote hospital was taken over by Wrongway, what are the odds?  So she may very well have lost her job again.  Hope she hadn't bought another house as this was a rural area where such job opportunities were few and far between.

I'm scared to ask how did you find out about your ex's baby mama's home?  Stalking or snooping again?  When are you going to stop it!  Not that it's any of your business, she needs a house more than you do with a baby to care for and as you said she has 13 more years of work experience, ample time to save for a home!

House maintenance/keeping the house is something others have warned me about, so it's a valid point.  It does make one think when you realize that if you were to lose your job at any moment, you could also lose your house, especially if you couldn't really afford it to begin with.  I don't anticipate losing my job, but I don't think anyone does.   Obviously, then, it is wise to buy below one's means.  It's just frustrating because doing so often means sacrificing for a living arrangement that is not as ideal. 

As far as finding about my "ex's baby mama's" home, her name just happened to appear under reviews of a search engine I was using.  I was looking for homes, and her name was there, recommending a certain realtor.  The post happened to mention that she had purchased a family home within a certain period and expressed satisfaction with it.  With that said, I am not sure how she "needs" a home more than I do.  All people need a roof over their heads, including myself. 

Specializes in Specializes in L/D, newborn, GYN, LTC, Dialysis.
3 minutes ago, SilverBells said:

House maintenance/keeping the house is something others have warned me about, so it's a valid point.  It does make one think when you realize that if you were to lose your job at any moment, you could also lose your house, especially if you couldn't really afford it to begin with.  I don't anticipate losing my job, but I don't think anyone does.   Obviously, then, it is wise to buy below one's means.  It's just frustrating because doing so often means sacrificing for a living arrangement that is not as ideal. 

As far as finding about my "ex's baby mama's" home, her name just happened to appear under reviews of a search engine I was using.  I was looking for homes, and her name was there, recommending a certain realtor.  The post happened to mention that she had purchased a family home within a certain period and expressed satisfaction with it.  With that said, I am not sure how she "needs" a home more than I do.  All people need a roof over their heads, including myself. 

But you refuse to buy "beneath you". That is more than a roof over your head that you want. No townhome, no condo. THOSE ARE having a roof over your head. So is a trailer for that matter.

And I still think your behavior is stalky.

Specializes in ICU, trauma, neuro.

Zillow is a good site for looking up home sales data along with Realtor.com MLS system.  Also, if you are willing to pay you can get almost anything on someone with their name and DOB including their SSN, criminal violations (if any), current and previous addresses, alias ect. Frankly, when my SO wife calls me 'stalky" I consider it an "off" day.  I strive for the motivated psychopath reputation as I find that it keeps most people at a comfortable distance (which is to say not communicating with me unless absolutely necessary to do my job or live my life). 

39 minutes ago, SilverBells said:

With that said, I am not sure how she "needs" a home more than I do.  All people need a roof over their heads, including myself

Are you currently living in a field or something?

Specializes in Rehab/Nurse Manager.
40 minutes ago, SmilingBluEyes said:

But you refuse to buy "beneath you". That is more than a roof over your head that you want. No townhome, no condo. THOSE ARE having a roof over your head. So is a trailer for that matter.

And I still think your behavior is stalky.

Yes, they are technically still roof over one's head.  Realistically, the types of houses I'm dismissing might actually be better fits, at least at this time.  I still fail to see how my ex's new partner is more deserving of a house than myself or any other person really 

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