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Irritable and the House and Obamacare/tax Question

March 14th, 2016 at 05:01 pm

So .. I went to work today. Within about 20 minutes of getting there I was really wishing I was back home.

People on the phone being obtuse. My computer got switched out on Friday (which is a good thing, mostly) which meant that I had to re do all my settings ... and my locator application was hidden, and a my address book program didn't get put back on .... etc., etc.

Then I talk to my supervisor to find out what the text on Friday was all about. She told me that people taking Friday and Mondays off is a pattern of someone unhappy at work.

So I told her I had a doctor's note because I was genuinely not feeling well! At first she tells me she doesn't need it. Then ten minutes later she comes out and wants to see it. I thought that was pretty bizarre.

Can I take 20 more years of this?????

----
So ... the houses. First, the $52k (1880) one. The reason it is $52k is because it needs extensive renovation. Plumbing, electric, etc., etc. Neither FHA nor Rural loans would work for it unless a lot of improvements were made first (by current owners.)
We didn't get to look inside of it because C (our Realtor) hadn't gotten in touch with the seller's Realtor. (Granted, the house was only listed on one site, which made it difficult to find.)

The $120k house. Mr FT and I got there more than an hour before scheduled time and just drove around the town/area, and walked around the property. Sigh. Love. Love. Love. That feeling you get when a place is just *right.*

A super sappy wide smile lighting my face as we walk around inside the house.

Until ... heart falls into stomach ... the basement wall has bulges....

C at first declared "you guys don't want this house" but then after looking it over more, he told us that it wasn't as bad as some he's seen, and maybe it could be fixed.

He's suggesting offering 85k (last tax assessment of $95k) -- 15 y.o. roof, basement wall issues, the amount of work the yard will take to get it back to a manicured level, etc. (Where we would ask for a credit for the roof, them to get the basement taken care of, and closing costs.)

Mr FT and I feel like we're capable of tackling the yard stuff (although probably hire out the dead tree removal.)

We're taking time to sleep on it a few times and think some more about it.

I also have a call in to the mortgage broker person to find out what would disqualify a house from an FHA or Rural loan. (i.e. the basement or roof)

Love, love, love the house/land/town. Love. Will feel so sad if we can't make it work. Worth the 30+ minute commute.

I'd love to share a link to the property, but we might end up actually living there ... so Smile

--
I came across an article today that mentioned something about Obamacare which got me wondering.

Mr FT has healthcare through the NE health exchange. He's getting subsidies.

I have health insurance through my employer.

When we get married, Mr FT is going on my insurance and dropping his insurance.

Now what I can't figure out, is this - I know tax wise we'll be considered married for the whole 2016 tax year. So, I had already figured we may have to pay back part of his subsidy. But ... now I'm wondering if we'll have to pay ALL of it back - because once he marries me, he'll be disqualified from having Obamacare coverage.

I haven't been able to find anything definitive on this. That could be a lot of money. Gulp. It also really doesn't seem fair ... but what is fair in life, right? Especially when it comes to government and taxes. Sigh.

8 Responses to “Irritable and the House and Obamacare/tax Question”

  1. creditcardfree Says:

    How exciting about the house! Although the basement would scare me the most. Which direction from L? I don't need to know the town, but I'm curious. And it's fine if you don't want to say either. My sister's husband is from Malcolm.

  2. FrugalTexan75 Says:

    SE of L. Past the Walmart a ways.

    The basement worries me too - but C thinks it's fixable. We would get a foundation specialist to check it first, along with the other inspections.

  3. Kiki Says:

    So exciting about the house! I would be wary of the basement walls too.

    I would consult an accountant for the tax question. It appears there is a form that can help you decide how it goes.

    Any chance there would be a job for you in the area of the house?

    Any word in the CC job?

  4. FrugalTexan75 Says:

    Thanks Kiki.

    I doubt that there are any jobs in that area (especially with good benefits/insurance.)

    Nope, no word on the CC job. (It would be somewhat a shorter commute.)

  5. VS_ozgirl Says:

    Don't worry too much about work, it will all blow over, keep focusing on house hunting and wedding plans!

  6. FrugalTexan75 Says:

    Thanks VS. Smile

  7. creditcardfree Says:

    I'm sure any basement foundation is fixable. Smart to have a few specialists check it out.

  8. CB in the City Says:

    I agree. Get a foundation specialist and let them make the decision for you. Love, love, love is important when you're house hunting, but you do need to be careful that it doesn't lure you into a bad situation.

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