"I Live Next To A Crack House"

[Music] Brought to you by Chom, a budget friendly, faith-based alternative to health insurance. ch Ministries.org/budget. >> We are facing a a question on what to do with our home. So, for background, we bought this house in May of 2024. And at the time, our take-home was about 10,000 a month. And our monthly payment was between 25% and 30% as y'all would suggest. But, uh, some things have changed in our life since then. Primarily, we have a new baby, so she's four months old, and my wife has gone to part-time instead of full-time. So, our take-home pay has gone from the 10,000 down to about 7,000. This makes our um uh monthly payment be around 40% of our take-home. And we've also had a few other uh new circumstances such as like our our neighbors have completely gone off the rails, it seems. And um we're really considering moving both to lower our monthly payment as well as to uh maybe get into a slightly better situation. We have identified three options that we would like to do. So the first being to stay where we are and refinance when rates drop and try and uh try and just lower that monthly payment. maybe even recasting our mortgage because we have a fairly uh significant amount of cash liquid right now that we could put a significant down payment on there to lower the monthly payment or to move to a smaller situation where we'll have the around that 25%. >> Okay, you make seven. How long before you make 10? >> Um probably in the next four to five years. Three to four maybe. >> Okay. What does your wife do for a living? >> So, she is in data analysis. She works for an agrochemical company and uh so she does that from home which has been very convenient with the baby. >> Mhm. Okay. But she's gone to part-time hours. >> She has. And she would she's expressed that she would like to to just be full-time stay-at-home mom because it's it's just been wonderful having the baby and something we really enjoy. And if we can make that work financially, that would be nice. >> How much cash do you have? >> Uh about 150,000 liquid. >> What do you want in the house? >> Uh 360. >> Where'd you get the 150? >> Um so a little bit we've we were very frugal over the course of our life, but uh I want to >> Why didn't you put it down on the house in the first place? Um, I think we were a little scared. My we we we're very conservative. >> And now you figured out what to be scared of is the payment, not the cash. >> Yes. Yes. Absolutely. >> What's your interest rate? >> Uh 7.375, which is not great. >> Yeah, you can get a 57 now. >> Yeah, >> that's a point and a half shift. Yeah, I'd refinance it and put the 150 on it and just stay there. Unless the neighbors are so crazy that you have to move. >> Maybe hold a little cash back to build a fence. I don't know. >> True, true. Yeah. I mean, it's been multiple arrests and >> large evergreen trees. I don't know. I mean, >> yes, >> they grow fast. >> I mean, is there any safety issues for you? Do you fear for your family safety because of all this nonsense? Um there there have been times I mean explosions that have shaken our house and >> are they running a crack house over there? >> Yes. >> For real? >> Yeah. Yeah. For real. >> What price is your house? >> It it was 500,000 and this is not an issue when we bought it. It's >> I'm not speaking for Dave. This is not an official show response. My response is if I knew that what you're telling me, I'd be out. I'm not going to keep my family there. >> It takes one crazy night. The whole thing could explode. >> Yeah, for real. >> There's a there's a little bit of a uh change. There's a new owner. Somebody bought it, but they're allowing the guy that continued to live there to continue as a living estate. He's >> Well, then it's still a problem >> on the on the precipice of death. But yes, so >> he's on the precipice of death and he's running a crack house. What is this? Breaking Bad. It's It could be a half hour show right here. >> Yeah. I'm just I'm hearing this. This is amazing. >> Well, if you think your family's in danger, it's a no-brainer. Mic drop. I'm out of there. Okay. If you think you're you can outlive the guy and outlast him and survive and uh he's either going to blow himself up or die or whatever is happening to him. Good lord. Um and you want to stay there, then recast the mortgage. But I wouldn't recast the mortgage and then move two months later. >> Yeah, absolutely. >> That's throwing good money after bad. If you recast the mortgage, you're staying. >> And can we recast the mortgage and get the lower interest rate or >> No, you just have to refinance. It's not a recast. You'll refinance. You reset the mortgage. You refinance it on a new 15-year, start again >> with 150 more down and then suddenly you can afford the payment. >> Yeah, for sure. >> That's if you want to stay there. If you don't want to stay there, that's okay. And yeah, there's nothing wrong with either option moving down. Uh, she does not like the house enough to be willing to work a few hours a day to keep it. She doesn't like it that much. >> Yeah. I forgot to ask how she feel about this the nuts next door. I I'm telling you right now, Stacy would have already made that decision for me. >> You'd be done, huh? >> Well, yeah. It's just Why play with fire if it's as bad as he says? And I believe him. >> I I >> I just don't get it why you would leave your family there. >> Yeah. I I if if you think you're in danger, you're out of there that instant. I mean, I don't know how it sounds very bizarre. Yeah. Yeah. But if you're in danger, you should leave. No question. All other parts of the conversation aside, very simple. If you're in danger, and track crackes do explode. The whole thing can blow up. I mean, it's very explosive. So, yeah. Um I >> if I have a wife at home with a newborn baby and that kind of stuff is going on, you just never know when it spills over beyond their >> I have any hope that the guy's going to be gone in a short period of time, that's different. But short being a month or two, I I can deal with it for a month or two. But but if I think he's going to I have to deal with this for three years, no. Uhuh. I'm I'm out of there. >> Yeah, >> I agree. I agree with you. I'm not arguing with that. >> Very interesting. >> Wow. I mean, what I would put up with things I didn't have on my bingo card this morning. Yeah. >> There there's that rule. You know, what I would put up with is very different than what Stacy would put up with. And that's the issue, you know. It's like if she >> Happy wife, happy life. >> Yeah. >> Yeah. >> Yeah. >> Safe wife, happy life. >> There's that, too. >> That one, too. Yeah. >> I just I'm afraid my wife would shoot back. >> No, here's what Sharon would do. Sharon would walk over there and knock on the door and have a word with the young man. And not and not in a mean because she's not a mean person. She's a straight shooter, but she's not mean. But I see her just kind of wagging her finger. >> Young man, >> you're not making good life choices. >> Steel Magnolia here. Whezzy is knocking on your door next door, right? >> Yeah. Yeah. And he probably listened to her. >> Yeah. He's probably scared to death if he knows what's good for him. >> That's right. little little East Tennessee fable. She tells a story, >> you know, >> about the time that a guy died doing this, you know. It's like, yeah, we used to have a neighbor that did stuff like this and nobody knows where he is now. >> Now he goes by one leg Larry, you know, now you know why. >> Can't find the boy. We don't know what happened to him. It's the strangest thing. >> People have a way of dealing with those things in the holler. >> Breaking Bad is next door. The guy is dying. He sells the house. He's got a life estate and he's doing making crack next door. Breaking Bad. >> I didn't see that one today. I didn't see that one coming. >> I was not on my bingo card this morning. >> I thought he was joking until he wasn't. >> No, he wasn't joking. >> No. >> He said neighbors off the rails, but we didn't know which rails. Yeah, >> right. >> Wow. Bless your heart, man. >> The more we laugh about this, the more it's not funny. I'd move. I would just move. >> Yikes. >> Yeah. I'd move and just accomplish several birds with one stone. Yeah. 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