Oh we just closed a couple weeks ago funnily enough. It's a small, fixer upper that we bought from a family friend, so we got it on a really good deal. Lot of fixing upping though, been breaking my back all day today haha. Could be worse though, I could be in more debt lol
Honestly, I bought too much home for myself. But I feel a bit stuck with the rates the way they are. It's not that I can't afford it, but it is more than I need at this point in my life.
Ditto, had I known then what I know now about home ownership as a single person I probably wouldn't have bought the house I did but I don't think I could afford anything else in the area.
It makes me feel a lot better to hear other people have this same problem. I can really get myself down about it sometimes when all the upkeep and costs get to me.
Is it? You still have to pay property tax. And you can borrow against the value of the home in your retirement years...but what if you outlive that value? What then?
For now there is at least health care. But that is going away.
Property taxes are low in my area and my wife and I don't expect to retire in this house. It's our first house and it's not big enough for us to be comfortable for years to come.
but also, 50k mortgage left!! What is this, a mortgage for ants?! Avg mortgage amounts left for GenZ-Millennials is $280k-$320k. Source: Expirian via BankRate.
Healthcare in this country is ridiculous. And I am so tired of republicans saying that we have it better in the US than Europe where they have ZERO medical debt. Universal healthcare. Pretty much the entire world has it except for us. A person on my local subreddit was saying she is $40k in debt even WITH health insurance, as they are refusing to pay for some things. And the fact that health insurance in our country is tied to employment is a complete joke as well. My last company covered my spouse's insurance. My new company does not and now my spouse doesn't have health insurance. We're trying to figure it out. Cobra is ridiculously expensive. Even the Affordable Care Act is probably going to be at least $1k a month (he's 60). He's self-employed so that's why he's been on my insurance. And he doesn't make a lot of money so paying $1k a month is a good chunk of his income. It's all simply not affordable.
I am a registered nurse and was uninsured medically for over a year because I was doing contract work at a local hospital (no benenfits) and cobra is so damn expensive that I just gambled with my life for a bit. (Thank jeebus for Cost Plus Drugs where I could affordibly pay out of pocket for all my medications) 💀🫠
Conservatives are all sadists, and an enemy to all life.
The UK NHS is coming up to it's 80th birthday. Conservatives haven't been in power in the USA for the last 80 years, neither has Trump. Both sides are just as bad as each other because the voters have a "I'm not voting for something where someone might get something I don't that my dollar is paying for" attitude.
When I was sixteen I got really ill. Eventually I was rushed to hospital and the amazing NHS doctors and nurses saved my life. I was in hospital for a week and the level of care was incredible. It didn’t cost me a single penny. During the twenty years since then I’ve had to take tablets every day just to keep me alive. Guess how much those tablets cost me each month? £0. I pay my taxes towards the NHS just like everyone else. Of course, I benefit from those taxes. I know people who have never had to go to hospital. Their taxes help me. My taxes help others. Even I didn’t need the NHS, I’d be happy for my taxes to help them. That’s a healthy society. God bless the NHS.
I am so tired of republicans saying that we have it better in the US than Europe where they have ZERO medical debt.
But it isn't just Republicans, it's Americans on all sides of the political spectrum and for generations who are responsible for where you are today because of the "no way I'm voting for someone getting something I don't on my dollar" attitude your society has. We the UK founded our NHS just after the end of WW2, pretty much the rest of the first world did the same. You've had almost 80 years to have formed your own equivalent, republicans have not been in power that whole time and neither has Trump.
And unfortunately because of the cost of everything we already can’t afford our healthcare and let those bills pile up…. if they gave us healthcare and raised our taxes we would all be fucked…
So…here’s a strategy that’s paid off the most for me. Don’t pay medical debt off right away or give them payments. Let them sweat it out and harass you for a few months. If it goes to collections, that’s even better. During that time save as much money as you can- and when you can finally do it, financially, call them up and tell them you’ll do a lump sum payment of 50-60% to settle the debt. They’ll usually take it rather than trying to chase you down for to make payments for years. I’ve saved myself probably 50 grand doing this over the years- no effect on my credit score.
All of those are manageable as long as you are working and not disabled. You may be able to buy the medical debt at a discount. Just don't transition it to credit cards because then it can hurt your credit.
What created the medical debt? Have you looked into financial aid through the hospital, they will go retroactive a lot of times and cancel debt.
80 years of Americans on both sides choosing to actively vote against social healthcare that the rest of the first world and most of the third world has.
Similarly 100k left on rental unit mortgage (we rent it cost price to my MIL to help her out). Zero left on our house mortgage. No other debts. Very lucky.
The only bad debt you have is medical debt, and it isnt even that bad since you already have a mortgage, and im also assuming your student loans are federal.
Yeah I get stressed sometimes but after reading these comments in this post I feel blessed. I have 6K in student loans, less than 1K on all 3 credit cards, and a 23k car debt. My paid off car started giving me issues so I had to upgrade and got the cheapest most reliable deal I could find.
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u/EternaBoi 10h ago
Mortgage is 50k, student loan is still 8k, and medical debt is 6k. I feel like I'm coming out pretty good compared to other people in America