What's Love Got to do with It?

Debe

Given where prices are headed in many area, I suspect more people will be opting for the downpayment instead of a large wedding, and buying a house before they are married.

Jeff

Debe sadly in out market on Maui, 60 % of buyers are coming in from the mainland and our young people of Maui are having a hard time buying homes. Then again the rents are high so what choice do you have.

Good morning Debe - yes I can believe all of that.  My daughter and son in law would agree with that as well.  That just bought their house.

The answer is obvious - skip the expensive wedding and put into a house. Ah, if only it were that simple right? Great infographic and post. D 

This is very good reading for those who have not yet purchased a home.

                                          Thank you Debe. 

So well put Debe to put in the right perspective for the future generation of home buyers...I do hope they listen!

Congrats on the feature this week from Kathy!  Well deserved!

Debe Maxwell, CRS  so glad that this post was chosen by both Carol Williams  and Kathy Streib  perhaps more young couples will take note and choose buying a home and opt out for a large wedding .. as I watch "Say Yes to the Dress'  love this post

The high cost of weddings is something that I just can't justify. Owning a home is far more responsible and practical. It's too bad that it must be either/or for most young couples.

Debe, we need to relax lending standards a tad to allow first-time homebuyers into the American Dream.  Thanks

I think someone has made this suggestion already, but parents and/or grandparents will usually contribute to the fund for love birds to purchase their home sooner rather than later. Nothing beats home ownership for  security in ones future.

Frightening to hear that wedding are in the 30K range? A wedding lasts a few hours and a house hopefully increases in value over time. I guess I'm too practical.

Hi Debe Maxwell, CRS, I always thought weddings were not necessary, didn't have one when I got married to my ex-husband. Young people have their priorities set, a home purchase is a better choice. 

Debe, I'm onboard with all of these stats although the degree which they represent is much more than I could have imagined. I enjoyed reading the line "First Comes Love... Then Comes Mortgage?" Here via Kathy Streib 

I had a very small wedding and am okay with not having spent thousands of dollars for one day - instead we were able to buy that first home sooner - Good post! 

I got married over dim sum at my last and final wedding, and personally do not think all of the hoopla is worth it. Watching my team member Josh plan a wedding with his girlfriend has been interesting. At one point, they were very upset when they inspected a spot popular for weddings out in Winters, California, and the ferris wheel was not there. I mean, really, you just can't get married without a ferris wheel today!!!

There are some real good reasons monetarily (and credit-wise) to buy a home with a partner ASAP, Debe Maxwell, CRS ... I just urge anyone entering into such a situation to be completely and brutally honest with one another about Credit, spending habits, and monetary goals prior to entering the process ... 

As an LO, I can't tell you how many delicate situations I've found myself in with applicants that have not done this.  But monetarily, it can be a very wise move, with the right buyers/applicants ...

Gene 

These numbers are good data for anyone looking to buy in your marketplace and you're just the people to help them!  Great post!

I cannot imagine spending thousands and thousands of dollars on a wedding. It simply makes no sense, especially when the couple has to save to pay for it. Much more reasonable to save for a down payment on a home.