I know this has been said 5,000 times, but they could have gotten a really cute house, newer 4 bedroom, maybe a pool or at least a community pool for $400-450k. It still just blows me away that THIS is the house they picked. I cringe to think at what their mortgage payment is every month.
We just sold our house built in the 70's, and those big repairs were just starting to surface. Who knows how close they are to some pretty big deal issues? Roof? Pipes? Electrical? You can put a face lift on an older house, but the insides are still old. I'll be laughing my ass off when she's crying with 3 kids and having to deal with a slab leak.
Disclaimer: I know a 70s house in no where near "old" for some of you depending on where you live in the world. I just mean a 40-50 year old house is usually when those big projects pop up. How did they go from $1600 for rent to a $650k mortgage? That's rough! My main point is, I hope they're prepared for these potentially huge projects coming down the line.
I would NOT want to be them.
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