The Benefits of Living In A Small House Story

Many people start their lives excited to buy their first home.  They look to what the think they can afford and decide this will be their “Starter Home.”  At first, they don’t mind living in a small house, but they are already making plans for bigger and better.

They look to the maximum amount the banks will give them with innocence in their eyes, not thinking twice that they would be one paycheck away from losing it all.

The Financial Crisis of 2008 was devastating to so many people and families.  It affected not only homes but so many other financial avenues.

The Dangers of Too Much House

We bought our 1100 square foot home in June 2002.  This was right before the rise in housing market prices.  I am talking weeks, here.

Living In A Small House To Save Money

Experts say to stick with the 25% rule.  25% of your monthly take-home pay should constitute your house payment (whether its rent or mortgage).

How Much ‘House’ Can You Afford?

I went to Realtor.com and used their home affordability calculator to see how much house we could afford.  Now granted, our debt to income ratio is pretty low.

Move to a More Affordable Place

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