• CountMonte@lemmy.world
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    1 year ago

    Our mortgage is $2600 month. My wife has a much better paying job than me. I make $2200 a month after taxes/deductions. She is currently going through cancer treatments and although everything is looking positive it really got me thinking about what the hell does life look like for my family if something happens to my wife?

    I’ve had the same bus driving job for 23 years. I’m undereducated. A 2 bedroom, 1 bathroom apartment is $1600 month here. I don’t know how I’d ever be able to take care of myself and two kids.

    They want us to have 80k+ in school debt so you can be allowed to have mortgage debt or rent and own nothing. I don’t know where I’m going with this but I’m just bummed out about life right now.

    • DoomBot5@lemmy.world
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      1 year ago

      That’s what life insurance polices are for. Will be pretty hard to get one with her cancer diagnosis though.

      • Saeveo@lemmy.world
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        1 year ago

        Are you not required to have a joint life assurance policy as a condition of a mortgage in the US?

        • stalfoss@lemm.ee
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          1 year ago

          lol no, the bank doesn’t care, they’ll just take your house if you can’t pay

          • Corkyskog@sh.itjust.works
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            1 year ago

            You literally beat me to this reply by like 4 minutes haha. Banks were giving variable mortgages to people who could barely afford current rates, they don’t give a shit.

      • AeonFelis@lemmy.world
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        1 year ago

        Love how everyone in this subthread are sure they all live in the same country with the same rules and same banking system.