re: Question about using fiancée's income when buying a home

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Do I really need to explain why we want out? Lol.

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No. But you ask the money board the question - collectively we're pretty savvy about money. We're telling you the right money answers, not necessarily the right life answers.

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It's not about the bare minimum. I could get financed for a house on my own. I would however like to be able to buy more house using my fiancée's income, I don't really see the issue.

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The issue is - you're overextending yourself at the worst possible time - every bad money decision you make now (and I know, I made hundreds of them) reverberate for DECADES. You know what else is true? Good ones do, too.

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And at this point, I'd rather buy then pay rent to someone again.

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And I understand that, but you need to understand that renting for a year or two, if the price is right (or heaven forbid, live with your parents another year) may be a smart decision that pays dividends until you die.

That's all we're saying. Two income couples should always be able to completely live on one income and save/invest the other. Not always possible, but that should a budgeting goal - even if you only do that for 4 or 5 years, the habits you develop and this "third income" (the yield on what you saved for 4 or 5 years) can literally be the difference between retiring wealthy or not.

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We moved home from Baton Rouge after she graduated and are currently living with my parents. Do I really need to explain why we want out? Lol.

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No one is faulting you for wanting to move out from the rents, but there's nothing wrong with renting for a year or two. Quite frankly I don't know why more young couples don't do this. Every friend of mine who got married young bought these ridiculous houses on the outskirts of BR because they wanted "more house".

Why the hell do you need more house for the 2 of you? I don't understand why more young couples don't get 1 BR apartments downtown. I haven't lived in BR in ages, but is there nowhere cool yal could rent for a year or two that would have decent stuff around for yal to do.

You sound young. Why do you want to move to the burbs so quick?

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It's not about the bare minimum. I could get financed for a house on my own. I would however like to be able to buy more house using my fiancée's income, I don't really see the issue.

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Again, why do you need more house? There's nothing wrong with a starter house. Most people live in 3 houses throughout their lives, why do you need a big one to start?

I got 2 sets of pretty good group of friends from growing up and then from college. In each of the groups, whenever we have reuinions or meet-ups somewhere, the only people who say they can't afford it are those who are married.

Now I don't know if their wives really just hate us, but I suspect it has more to do with them having these ridiculous mortgages to pay. You have 2 incomes, if anything the married couples should be the ones wanting to go on these extravagent trips the single guys can't afford.

I don't think it makes financial sense and it definitely doesn't make fun/social sense for yal to be using both your incomes to get a bigger house when you also have loans to pay back. Don't make yourself poor bro. Be young, be a newleywed, have fun and get a bigger house later.