First-time homebuyer and single mom shares foreboding story about purchasing on one-income: ‘I do not regret buying… [But] please think about worst-case scenario’
You never think the worst case scenario could happen to you, until it does…
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The real estate market has not been ideal for many years now and it does not look like it's getting any better. So when you jump into that risky world of house hunting, you have to plan ahead. Make sure you are financially stable enough and able to take on any sort of hiccups along the way. We mean any sort of hiccups. For example, you lose your job right after purchasing…
That is what happened to Redditor and single mother hgun55. She bought a house for herself and her baby and had a very “secure" full-time job that paid her six figures. However, just several months after purchasing her first home, the company went under and she got laid off. Her worst nightmare happened. Like a normal human being, she may have known about the worst-case scenario, but she never thought it would actually happen to her… Until it did. Thankfully, she was able to trudge her way through the much, but not without consequences that she's still struggling from. Luckily, she never lost her home. Now, she shares her story as a warning to any future homebuyers trying to own a home on one income. No regrets, but just be smart about it… Check it out below!
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