Purchasing a Home on Two Incomes

8 10 2010

Many young couples base their ability to afford housing on dual incomes.  Such a financial practice may not be the wise decision and here’s why:

Purchasing a home based on combined incomes locks the couple into a required full-time, dual-income lifestyle once they have purchased a home.

Family obligations or a job loss may later disrupt their ability or willingness to continue the dual-job lifestyle.  In fact, many couples planning on having a child want either spouse to stay home with that child. 

Instead, couples might be better off basing their housing affordability on one income or one income plus a part-time job.




Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: