Let me pause while I think on how sad a statement that is.
Anyway, back to it, I did state my big worry about this all is, even if I do graduate and get a spiffen job, within a year I could quite possibly be looking at grad school, and lord knows where I'll end up. Ideally I'd love UCLA, but I might apply elsewhere. And grad students are known for being able to afford mortgage payments. On top of which I want to study classic/ancient history, which means that I'm jetting off to the Med at some point poking at things with sticks and hoping I get government funding, not painting and redecorating a house. I'd get no chance to live there, let alone pay for it.
But then the ideas was brought up that it could be investment. I rent out the house while I'm away, and use the rent to pay for the mortgage. In turn, I make sure to rent it to friends who treat it nice, and make sure in the contract that it stipulates that at any point I can come and reclaim the house if I so chose, with appropriate warnings of course. So there is that to consider.
To be honest, I'd love to own a house, (I've always wanted one of those fixer up places so that I can have an excuse to go to Home Depot and look like I know what I'm talking about). But I make $22K right now at my job. I have the potential of making $30+ come next June, but then there is grad school...and god, how bad I would love to go. I have no guarantee I can get in, but I'd love to go. And this gets to the huge crux, the massive debate in my life. Do I settle down and lead a pleasant life or do I spend the next six years slogging through grad school and barely making it like I am now?
Both sound very appealing, but I don't know if I can compromise the two ideas together. After all, I'll be doing in my 30's what most people do in their 20's. ANd it might nix every chance and hope I have of husband, children, home, and general steadiness in my life for one of...well only slightly better than what I got now. But how rewarding would it be to be doing something I love rather than I only somewhat tolerate? *sigh*
The quandary of the modern era. I'm glad I'm not the only one who is thinking this.
Anyway, the point is all theoretical anyway, while I might get low income funding, I have student loan debt out the wazoo, and a checkered enough credit history to make any loan officer leery of giving me more money. And while I could find co-signers for a loan, the fact that I couldn't guarantee a steady enough income for a mortgage payment makes me very leery on the idea.
But I'd love a place that wasn't filled to the brim with papers, boxes, and clutter.
Well, it's nice to dream, isn't it?