Buy a house in current economy
#1
Gets Weekends Off
Thread Starter
Joined APC: Feb 2013
Posts: 218
Buy a house in current economy
Came to UA about 2 years ago, I've got more than 3k pilots below me, sweet 777 live-in-base lifestyle. Never been furloughed and never been through a recession as an adult with responsibilities (I can already feel the judgement, I know I'm very young and very, very lucky).
Can anyone share their experience of going through a recession, being furloughed, while trying to keep alive wife and kids and maybe not lose the house?
I'm facing this dilemma, I'd like to buy a house, we can put 20% down and we don't have any debt, but I'm a bit hesitant in case the economy goes TU. Wife works but she doesn't make enough to pay the mortgage by herself in case I lose my job. I could quickly find a whatever job myself in case and do that for few months, plus using our emergency savings I think we could weather 1 year on furlough. Blabla...
Thank you for reading all the way down here. Hasta luego!
Can anyone share their experience of going through a recession, being furloughed, while trying to keep alive wife and kids and maybe not lose the house?
I'm facing this dilemma, I'd like to buy a house, we can put 20% down and we don't have any debt, but I'm a bit hesitant in case the economy goes TU. Wife works but she doesn't make enough to pay the mortgage by herself in case I lose my job. I could quickly find a whatever job myself in case and do that for few months, plus using our emergency savings I think we could weather 1 year on furlough. Blabla...
Thank you for reading all the way down here. Hasta luego!
#2
Gets Weekends Off
Thread Starter
Joined APC: Feb 2013
Posts: 218
Lofly's 3rd thread on the house
Came to UA about 2 years ago, I've got more than 3k pilots below me, sweet 777 live-in-base lifestyle. Never been furloughed and never been through a recession as an adult with responsibilities (I can already feel the judgement, I know I'm very young and very, very lucky).
Can anyone share their experience of going through a recession, being furloughed, while trying to keep alive wife and kids and maybe not lose the house?
I'm facing this dilemma, I'd like to buy a house, we can put 20% down and we don't have any debt, but I'm a bit hesitant in case the economy goes TU. Wife works but she doesn't make enough to pay the mortgage by herself in case I lose my job. I could quickly find a whatever job myself and do that for few months plus using our emergency savings and I think we could weather 1 year on furlough. Blabla...
Thank you for reading all the way down here. Hasta luego!
Can anyone share their experience of going through a recession, being furloughed, while trying to keep alive wife and kids and maybe not lose the house?
I'm facing this dilemma, I'd like to buy a house, we can put 20% down and we don't have any debt, but I'm a bit hesitant in case the economy goes TU. Wife works but she doesn't make enough to pay the mortgage by herself in case I lose my job. I could quickly find a whatever job myself and do that for few months plus using our emergency savings and I think we could weather 1 year on furlough. Blabla...
Thank you for reading all the way down here. Hasta luego!
Last edited by BobbyLeeSwagger; 04-19-2023 at 10:55 AM.
#3
Moderator
Joined APC: Sep 2017
Position: MEC Chairman, Snack Basket Committee
Posts: 3,198
Based on covid, I assume a large scale furlough event wouldn't be allowed by the govt. Smaller furlough for sure, but it would have to unwind by a lot + retirements. With a large share of our growth coming from upgauging, I doubt a furlough is in the cards! But you never know!
#5
Buy
Came to UA about 2 years ago, I've got more than 3k pilots below me, sweet 777 live-in-base lifestyle. Never been furloughed and never been through a recession as an adult with responsibilities (I can already feel the judgement, I know I'm very young and very, very lucky).
Can anyone share their experience of going through a recession, being furloughed, while trying to keep alive wife and kids and maybe not lose the house?
I'm facing this dilemma, I'd like to buy a house, we can put 20% down and we don't have any debt, but I'm a bit hesitant in case the economy goes TU. Wife works but she doesn't make enough to pay the mortgage by herself in case I lose my job. I could quickly find a whatever job myself in case and do that for few months, plus using our emergency savings I think we could weather 1 year on furlough. Blabla...
Thank you for reading all the way down here. Hasta luego!
Can anyone share their experience of going through a recession, being furloughed, while trying to keep alive wife and kids and maybe not lose the house?
I'm facing this dilemma, I'd like to buy a house, we can put 20% down and we don't have any debt, but I'm a bit hesitant in case the economy goes TU. Wife works but she doesn't make enough to pay the mortgage by herself in case I lose my job. I could quickly find a whatever job myself in case and do that for few months, plus using our emergency savings I think we could weather 1 year on furlough. Blabla...
Thank you for reading all the way down here. Hasta luego!
My family and circle runs in both retail real estate and the investing side. You can always refinance to a lower interest rate, but you cannot change the purchase price once it's done, so try to avoid being motivated buyer. I think your seniority cushion + retirement wave is in your favor.
#6
Gets Weekends Off
Joined APC: Oct 2015
Position: Gear slinger
Posts: 2,899
Came to UA about 2 years ago, I've got more than 3k pilots below me, sweet 777 live-in-base lifestyle. Never been furloughed and never been through a recession as an adult with responsibilities (I can already feel the judgement, I know I'm very young and very, very lucky).
Can anyone share their experience of going through a recession, being furloughed, while trying to keep alive wife and kids and maybe not lose the house?
I'm facing this dilemma, I'd like to buy a house, we can put 20% down and we don't have any debt, but I'm a bit hesitant in case the economy goes TU. Wife works but she doesn't make enough to pay the mortgage by herself in case I lose my job. I could quickly find a whatever job myself in case and do that for few months, plus using our emergency savings I think we could weather 1 year on furlough. Blabla...
Thank you for reading all the way down here. Hasta luego!
Can anyone share their experience of going through a recession, being furloughed, while trying to keep alive wife and kids and maybe not lose the house?
I'm facing this dilemma, I'd like to buy a house, we can put 20% down and we don't have any debt, but I'm a bit hesitant in case the economy goes TU. Wife works but she doesn't make enough to pay the mortgage by herself in case I lose my job. I could quickly find a whatever job myself in case and do that for few months, plus using our emergency savings I think we could weather 1 year on furlough. Blabla...
Thank you for reading all the way down here. Hasta luego!
#9
Moderator
Joined APC: Sep 2017
Position: MEC Chairman, Snack Basket Committee
Posts: 3,198
Came to UA about 2 years ago, I've got more than 3k pilots below me, sweet 777 live-in-base lifestyle. Never been furloughed and never been through a recession as an adult with responsibilities (I can already feel the judgement, I know I'm very young and very, very lucky).
Can anyone share their experience of going through a recession, being furloughed, while trying to keep alive wife and kids and maybe not lose the house?
I'm facing this dilemma, I'd like to buy a house, we can put 20% down and we don't have any debt, but I'm a bit hesitant in case the economy goes TU. Wife works but she doesn't make enough to pay the mortgage by herself in case I lose my job. I could quickly find a whatever job myself and do that for few months plus using our emergency savings and I think we could weather 1 year on furlough. Blabla...
Thank you for reading all the way down here. Hasta luego!
Can anyone share their experience of going through a recession, being furloughed, while trying to keep alive wife and kids and maybe not lose the house?
I'm facing this dilemma, I'd like to buy a house, we can put 20% down and we don't have any debt, but I'm a bit hesitant in case the economy goes TU. Wife works but she doesn't make enough to pay the mortgage by herself in case I lose my job. I could quickly find a whatever job myself and do that for few months plus using our emergency savings and I think we could weather 1 year on furlough. Blabla...
Thank you for reading all the way down here. Hasta luego!