So, we're renting out a 1BR apartment. Next year I'm off work and DH is in school (financial craziness)...but the following year when we're both back to work we'll be laughing.
A house just came onto the market down the street (we're renting in the area I grew up, so DS is going to the same school I went to, my parents are just around the corner, nice old neighbourhood and CONVENIENT, and it happens to be my best friend from childhood's old house...it's been re-done with a nice big back yard). We already own a home out-of-town that we're renting out. This is a house that is in line with our values. It was built in the 70s and is a bungalo, so modestly sized with the bonus of having a finished DRY basement....at least it better or that would totally be a deal-breaker).
I can't get the idea of purchasing this house and sharing it with friends (we have friends moving back to town who are gearing up to save and have talked about sharing accomodations to save us both money) to help off-set the cost. We could LIKELY....maybe? (still lots of details to work out) get an entire house for just a smidge more than we're paying in rent for a super-tiny space, especially if we shared the space with friends to off-set the mortgage and utility costs.
There are a LOT of things that would have to fall wonderfully into place for this to really happen, but I can't get the idea out of my head and I'm finding myself getting uber excited about it. Too soon to share with the real world, but had to get it out.
Cons: we have no down-payment because we've been saving for tuition instead. Pros: I have a financially successful father who just may be willing to lend us said down payment or co-sign or somehow help to make it all happen IF that's something he's comfortable with (and we're comfortable with...we'd have to seriously look at numbers to see if it would be a real possibility.)