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How much HOUSE can i buy?
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Date: November 25th, 2017 1:27 AM Author: Fragrant Locale 850k net worth 325k aggregate income for spouse and i. pretty stable.
live in a high COL area |
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Date: November 25th, 2017 1:28 AM Author: marvelous transparent mexican friendly grandma a fridge box under an interstate (http://www.autoadmit.com/thread.php?thread_id=3808219&forum_id=2#34766484) |
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Date: November 25th, 2017 1:28 AM Author: Curious sinister abode Need the area. How many kids do you have and want to have? How long is wife going to work? |
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Date: November 25th, 2017 1:29 AM Author: Canary selfie partner you could probably get a loan for 1.5 million and you could put a huge chunk of money down... so you could easily buy a 2 million dollar house.
how much house SHOULD you buy? at that income and net worth, probably a million dollar home. 1.2-1.4 million if you're not conservative with your money. |
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Date: November 25th, 2017 1:30 AM Author: Fragrant Locale i dont have 400k to put down though. maybe 200-250k? (http://www.autoadmit.com/thread.php?thread_id=3808219&forum_id=2#34766498) |
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Date: November 25th, 2017 1:33 AM Author: motley electric furnace 850k nw but no 400k liquid? (http://www.autoadmit.com/thread.php?thread_id=3808219&forum_id=2#34766512) |
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Date: November 25th, 2017 1:33 AM Author: Fragrant Locale most in qualified accts (http://www.autoadmit.com/thread.php?thread_id=3808219&forum_id=2#34766519) |
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Date: November 25th, 2017 1:35 AM Author: motley electric furnace Serious answer? 500k on a house
Id rather invest in crypto, etc and make it big |
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Date: November 25th, 2017 1:36 AM Author: Canary selfie partner life's too short to live like shit though. 500k in a high COL area = living like shit.
why live like crap when you're young so you can have money when you're old? |
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Date: November 25th, 2017 1:41 AM Author: motley electric furnace I dunno dood, i plan on retiring by 40 and living a low COL life in flyover
Thats only possible if i have high liquid assets |
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Date: November 25th, 2017 1:35 AM Author: Canary selfie partner if you are going to put down 250K you could still reasonably do a 1.2 million dollar home and still avoid PMI. I would probably still target 1 million if I were you based on your financial situation. But it probably also depends on exactly how stable your income(s) are and what your other expenses are like... i.e., do you have kids. (http://www.autoadmit.com/thread.php?thread_id=3808219&forum_id=2#34766526) |
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Date: November 25th, 2017 1:37 AM Author: Fragrant Locale and if im contemplating quitting my job in 2018 to go solo? i'd be giving up 225k of the 375k we make. (http://www.autoadmit.com/thread.php?thread_id=3808219&forum_id=2#34766535) |
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Date: November 25th, 2017 1:39 AM Author: Canary selfie partner well that's a huge wrench in the equation. if you are contemplating this then you should split the baby between what you can afford on 150K and 375K... which means you should target the 800K home range. (http://www.autoadmit.com/thread.php?thread_id=3808219&forum_id=2#34766541) |
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Date: November 25th, 2017 6:29 AM Author: Fishy Puppy Unless you have a decent portable book, why put so much in real estate? There’s a lot of piss ass little costs with ownership that add up. (http://www.autoadmit.com/thread.php?thread_id=3808219&forum_id=2#34767036) |
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Date: November 25th, 2017 10:01 AM Author: Fragrant Locale Because I live in a high COL area (http://www.autoadmit.com/thread.php?thread_id=3808219&forum_id=2#34767479) |
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Date: November 25th, 2017 9:22 PM Author: Fishy Puppy You’re going to retire by 40 and move to low COL - there’s no clear benefit to short term ownership right now. (http://www.autoadmit.com/thread.php?thread_id=3808219&forum_id=2#34771604) |
Date: November 25th, 2017 9:54 AM Author: Fragrant Locale (http://www.autoadmit.com/thread.php?thread_id=3808219&forum_id=2#34767461) |
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Date: November 25th, 2017 6:19 PM Author: Fragrant Locale (http://www.autoadmit.com/thread.php?thread_id=3808219&forum_id=2#34770214) |
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Date: November 25th, 2017 8:48 PM Author: Fragrant Locale (http://www.autoadmit.com/thread.php?thread_id=3808219&forum_id=2#34771364) |
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Date: November 25th, 2017 9:25 PM Author: Thirsty translucent principal's office rigor With the exacts same stats - I would buy a 1.25M home with 20% down and 1M mortgage
the only caveat is the tax reform and how they affect mortgage interest deductions etc
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Date: November 25th, 2017 10:19 PM Author: Fragrant Locale i added later that im thinking abt quitting my job (225k of the total income) in Q2 2018 and pursuing an entrepreneurial opportunity. in this case, what do you think? (http://www.autoadmit.com/thread.php?thread_id=3808219&forum_id=2#34771979) |
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Date: November 25th, 2017 9:26 PM Author: alcoholic public bath macaca how did you get to $325k income without learning proper english grammar? some sort of ESL gook?
"for spouse and *me*" |
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Date: November 26th, 2017 11:06 AM Author: fantasy-prone lodge pozpig It's XO. We all make $325K here. Nbd. Are you new here? (http://www.autoadmit.com/thread.php?thread_id=3808219&forum_id=2#34774010) |
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Date: November 26th, 2017 11:10 AM Author: Trip dead mental disorder urm, not sure that's right bro (http://www.autoadmit.com/thread.php?thread_id=3808219&forum_id=2#34774025) |
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Date: November 26th, 2017 10:55 AM Author: Fragrant Locale (http://www.autoadmit.com/thread.php?thread_id=3808219&forum_id=2#34773976) |