Shannon and I did not marry for money. This is indisputable. Fortunately, we love each other. I saw this fact clearly yesterday in a conversation about moving.
We were sitting in a movie theater lobby waiting for a movie to start, and began discussing what we might do in the next year about our living situation. We have both been sort of anti-house-purchase in the past. Too much work and too much risk. Too hard to move away if you need/have to. But lately, now that we are pretty sure we want to settle in a particular area, we’ve started to consider it. We can get a pretty good deal right now, and probably buy a house that we can grow into and possibly make money off of some day.
We started talking about when we might want to start looking last night, but that discussion quickly turned to the dreaded down payment. It turns out that, when you pay for a trip to Europe and a mini-van in the same month, it doesn’t leave much money for a home down payment. Where would that money come from?
Shannon offered that she had savings bonds given to her by her grandparents. All totaled, they would help us toward a down payment, but not give us one. Then she turned to me and jokingly asked “what do you bring to the marriage?” I replied, not jokingly but in a joking tone, “a van payment and some student loans…oh, you probably meant assets…yeah, nothing.” Sad day for me. Fortunately, Shannon didn’t care (or already knew that fact and had come to terms with it).
The bottom line of our discussion: we have no house down payment. We may have to move into yet another tiny apartment and save for another year to collect a down payment. Any suggestions?