2nd Trimester

What would you do...

So we are stuck in a small town we hate and would love to move back to Phoenix, but we are not sure about changing jobs, moving, insurance, ect. Well my MIL and FIL offered to co-sign for us to buy a house (We both have bad credit history) It is less then 5 years old, 3 bedroom 2 bath only $66,000. It would be great I would be close to my mom and friends again, I could go back to work (I hate being a SAHW) but there is only one problem. The house is next door to his parents. I don't hate them I just have a issue because his family is really close and I know they would be over ALL the time and they never speak english (I don't understand spanish). Should I suck it up and do it for the investment and to have my life back? Or is this a really bad idea?

Re: What would you do...

  • I would see if you can get jobs first and learn whether the benefits start immediately, or later.
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  • I was just lurking over here, but I wanted to say I would not do this.  Live in the same town as IL's = okay. Next door to IL's = not okay.
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  • I'd personally never take co-signers on a house.

    But that's me.  I worked with first and second mortgages and I've seen way too many bad situations come from that.

  • I could never live next to my inlaws.  You and your DH need your space.  Can you move back to the area without being right next door? 
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  • That is a dilly of a pickle.  Personally, I wouldn't do it.  No way would I be comfortable living that close to the in-laws, or even my own family for that matter.  Even though it's a good investment or whatever, it's not worth your sanity.
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  • That is some close proximity.  What does your gut tell you?  Chances are your instinct is probably right and you need to be honest with yourself.  G/L whichever route you choose!
  • Well we could probably move back but we would probably end up spending about $1000.00 a month for rent in a apartment or we could spend about $600.00 for a home....? We have not moved back because I refuse to live in a apartment again
  • I could NEVER live next door to in-laws, but thats just me. I would look for jobs in that area and maybe see if there are any other houses that are the same, just a little further away! Unless you are able to set strick rules with the in-laws.
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  • I don't know... you have to really really like your inlaws to live that close. I would be perfectly fine with it (my inlaws and I are very close) but, unless you are sure then don't do it.
  • imageAlex17:
    I was just lurking over here, but I wanted to say I would not do this.  Live in the same town as IL's = okay. Next door to IL's = not okay.

    This..You say you dont hate them...you will..LOL..You will mean well..but trust me .. they always tend to overstep .. GL

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  • I think there are a lot of potential issues here. My biggest concern right now would be the insurance. It doesn't sound like you're working right now, so I guess you rely on your husband's insurance? If you buy this house and move, where is he going to work?

    Personally, I would be worried about having to change insurance and doctors and start somewhere new mid-pregnancy. And second, it seems backwards to buy the house and then have to look for work. Better to get the job lined up (where you know if you are insured and what the benefits are) and then worry about buying a house and moving.

    Third, I think co-signing is a bad idea. It might make your inlaws think they have more rights than you would like -- like coming over all the time or being more outspoken about your plans for the house.

    Fourth, I could never live next door to my ILs, and we all speak English. Just. no. ;-)

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