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I am new here, found this site while trying to explore for out of the box ideas on how to move forward financially but I feel stuck. In a nutshell, I can't decide what is more important to me, to continue to make the best of what I currently got and forego any dreams that cost money or think of a way to achieve my goals of owning a home else where for financial stability.
I live in a high cost of living area, the Bay Area where housing has median of 800k to 1 million price tag. The Bay Area is rich with deaf culture, deaf schools, sign language community, close captioned movies, deaf events and like the like that I won't find anywhere else except for other big cities like Washington DC, Seattle, and etc. This is why I am here, I am happy in my social life here where other places, I was isolated from the general public.
I also went through a divorce which set me back financially and I lost my beautiful home. I also became a single mom of an infant son. I did remarry and waiting for my husband to be granted his visa from Australia. This can take a few weeks to a few months now. He is a really good guy but will have to start over job wise and who knows what will happen. My son is another reason why I remain in the Bay Area, out of his best interest, I don't have the heart to separate him from his father.
I earn modest income (not even considered middle class in this particular area but yet not considered low enough income either), I have no debts of any kind, we have an emergency fund of 3 months. I don't have any savings other than my retirement which I have put aside 10% for the past 12 years.
Unfortunately, with the recent new Silicon valley boom, rents have skyrocketed and are atrocious. I can't find anything cheaper than 2k for a two bedroom rental anywhere. I knew as long as I was staying here, that I could only afford to rent. But now I feel the fear that I will be squeezed out as the area is now seems to be only for the affluent (my rent has increased by 250 dollars in the past 3 years and that is very modest compared to other renters). We live well despite our income, I would have to say it has been some divine intervention that allows me to live here like I have been. We eat healthy, work for a nice corporate job, debt free, put my son through preschool programs and etc.
The rent is skyrocketing more than ever so eventually sooner or later, I am going to be placed out of here unless we come up with a creative idea. I don't have any money to move and start over elsewhere. As for looking for a better paying job, I have no idea what that would be since I am profound deaf and would need something that does not rely on phones, constant meetings and live customer services.
I am holding tight until my husband arrives here, I do hope he can find work with decent pay but we wont know until it happens.
I hope to learn more ideas from this board, maybe even have more hope for my personal financial future. I would love to own a home someday but not at the expense of being lonely. Thank you for reading my story, I look forward to getting to know the regulars on here and learn from you.
I live in a high cost of living area, the Bay Area where housing has median of 800k to 1 million price tag. The Bay Area is rich with deaf culture, deaf schools, sign language community, close captioned movies, deaf events and like the like that I won't find anywhere else except for other big cities like Washington DC, Seattle, and etc. This is why I am here, I am happy in my social life here where other places, I was isolated from the general public.
I also went through a divorce which set me back financially and I lost my beautiful home. I also became a single mom of an infant son. I did remarry and waiting for my husband to be granted his visa from Australia. This can take a few weeks to a few months now. He is a really good guy but will have to start over job wise and who knows what will happen. My son is another reason why I remain in the Bay Area, out of his best interest, I don't have the heart to separate him from his father.
I earn modest income (not even considered middle class in this particular area but yet not considered low enough income either), I have no debts of any kind, we have an emergency fund of 3 months. I don't have any savings other than my retirement which I have put aside 10% for the past 12 years.
Unfortunately, with the recent new Silicon valley boom, rents have skyrocketed and are atrocious. I can't find anything cheaper than 2k for a two bedroom rental anywhere. I knew as long as I was staying here, that I could only afford to rent. But now I feel the fear that I will be squeezed out as the area is now seems to be only for the affluent (my rent has increased by 250 dollars in the past 3 years and that is very modest compared to other renters). We live well despite our income, I would have to say it has been some divine intervention that allows me to live here like I have been. We eat healthy, work for a nice corporate job, debt free, put my son through preschool programs and etc.
The rent is skyrocketing more than ever so eventually sooner or later, I am going to be placed out of here unless we come up with a creative idea. I don't have any money to move and start over elsewhere. As for looking for a better paying job, I have no idea what that would be since I am profound deaf and would need something that does not rely on phones, constant meetings and live customer services.
I am holding tight until my husband arrives here, I do hope he can find work with decent pay but we wont know until it happens.
I hope to learn more ideas from this board, maybe even have more hope for my personal financial future. I would love to own a home someday but not at the expense of being lonely. Thank you for reading my story, I look forward to getting to know the regulars on here and learn from you.
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