Chad lost his tech job and took a 50% pay cut. They'd bought a 4,200-square-foot house based on his old salary and now have zero savings. A $180,000 family loan cleared their HELOC, but they're terrified they can't afford the mortgage.
Chad lost his job in tech, was laid off. It's been a 50% cut.
We're in this house, we're in this neighborhood because we were indexed on a different salary before.
You know, and buying necessary things even makes me feel terrible and guilty.
We were paying an interest-only amount on the HELOC. I asked for help from my family. They helped us pay that off. How much? $180,000. It was a hard call to make for me.
It feels dishonest because not everything is okay all the time.
It's the same conversation you always have. There's nothing to be done.
We definitely could struggle in the next few months to make that mortgage payment.
How the fuck am I talking to a couple with $0 in savings who has a 4,200-square-foot house?
Maybe we're just poor now and we're just going to be poor for a little bit till we're not.
