More single women than men buying homes

iVillage Member
Registered: 03-28-2003
More single women than men buying homes
5
Wed, 02-15-2006 - 5:32pm

Ladies, this article is so interesting. I thought I would share it with you:

""I just got tired of waiting for Mr. Right to come along and start the American dream," says Phelan, who owns her own company, which resells time-shares. Last year, she sold that house and bought a larger one in a gated golf-course community in Reno.

"They're kind of like emotional trophies," says Phelan, 43. "It's symbolic of success — of getting out there and doing it on my own and saying, 'I'm just as capable of doing it as the next person and doing it on my own and making it.' "

A lot of other women seem to feel the same way. Last year, single women snapped up one of every five homes sold. That's nearly 1.5 million, if you're counting — more than twice as many as single men bought, according to the National Association of Realtors."

For the rest of the article, visit this link:

http://www.usatoday.com/money/2006-02-14-women-houses-usat_x.htm

iVillage Member
Registered: 11-01-2005
Wed, 02-15-2006 - 5:38pm

Woo Hoo! I am about to be one of them (in August).

For me, it's not a symbol of power or anything, it's just that rent is such a huge waste of money. It will be nice to have that money going to something tangible for a change.

AJ, enjoying life with C.

iVillage Member
Registered: 09-01-2005
Wed, 02-15-2006 - 9:43pm

I've owned for three years now. For me, it wasn't about emotional power or "not waiting around", it was about the cost of a mortgage being the same as rent. I just couldn't pass up the opportunity.

It's not always fun to have to spend money on things like dryers and new carpet, but if you buy smart the benefits far outweigh the drawbacks.

iVillage Member
Registered: 03-28-2003
Wed, 02-15-2006 - 10:49pm
To me, the best things about owning a home are being able to do whatever I want - plant what I want in the yard, paint the walls etc. and to know that no landlord can come into my house and rifle through my underwear drawer! The benefits far outweigh the difficulties. Iri
iVillage Member
Registered: 09-28-2005
Thu, 02-16-2006 - 9:24am
I bought my own home after my divorce because I wasn't planning on meeting Mr. Right. My best friend (who is single) just bought her own home too. I think that these days, we are able to make the kind of money that makes it possible to afford our own home.
iVillage Member
Registered: 11-01-2005
Thu, 02-16-2006 - 11:38am
Not only that - women in previous generations were not allowed to buy homes on their own. The banks wouldn't qualify a single woman for a loan without a man undersigning. (Had my mom not married my dad, she would have been stuck renting - or her father would have had to cosign).

AJ, enjoying life with C.