She Has House Fever!
Alan's wife has house fever. She's shopping online and wants to finance it 100%. She's angry with Alan because he won't agree to do it. How can he get through to her about this?
QUESTION: Alan in Amarillo is calling because his wife has house fever. She's shopping online and wants to finance it 100%. She's angry with Alan because he won't agree to do it. How can he get through to her about this?
ANSWER: She's just having a little fit because she didn't get her way. She just doesn't want to hear you. The problem is when you buy a home with nothing down and no money, Murphy will move in your spare bedroom and bring his three cousins, Broke, Desperate, and Stupid, with him. The roof will go bad, the hot water will go out, and the HVAC system will blow up all in the first six months you live there. You're going to find yourself right back in a mess because you did not have the wisdom and the maturity to wait until you had your emergency fund in place plus a down payment. You're working an exactly perfect program, and she's acting like she's four. She figured out what she wants, and there's no telling her no.
This is a time that she needs to sit and listen and be wise. There's no logic to what she's doing whatsoever. It's very unwise. People that do this kind of stuff are the ones who end up in foreclosure, and they're the ones who end up in bankruptcy. They're the ones who end up in our office for financial counseling because they go against what they know is wise. They know it's unwise, but there's no telling them once they get house fever. She needs to quit looking at houses.
When your house payment is the same as your rent payment, you are not saving money. It costs more to own a home than it does to be a renter in the short term. You have to do all of the repairs. You have all of the other exposure. I don't know how to tell you how to make your wife be more mature. That's really what we're dealing with.