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How much house to buy on 600k HHI in a T1 city?

NYC/SF/LA how much house should we buy? in these mkts, a...
.,,.,.,.,,,,,.......,.,,
  07/10/18
Calculate the ratio of expected rental income / expected mor...
hero radies
  07/16/18
"every 1-4 years. After not too long you will have enou...
~~(>' ' )>
  07/16/18
live mexican style + stockpile money + flee and retire five ...
1920 North Side Mick Gangster
  07/10/18
cr, by the time you're 35 you could pay all cash for a 4BR h...
A Jurisprudence is Performed
  07/10/18
pay all cash
Wilbur Mercer, the supreme gentleman
  07/10/18
Serious question. In 5 years you can retire, enjoy your lif...
:::;;::;:;;;;::::;;;::;;;;;
  07/10/18
lol bro he won't even come close to a mcmansion. maybe he'll...
1920 North Side Mick Gangster
  07/10/18
...
.,.,,.;;...;;.;;;.;.;.....;.;;;;.....;
  07/10/18
And maybe a garbage disposal.
~~(>' ' )>
  07/10/18
...
dha tux
  07/10/18
letís not get carried away
.,.,.;;,;.,..,:,,:,;.,:::,..;.,:,.,..:.,,.:.,:.::,
  07/10/18
...
load bearing gash
  07/10/18
I'd like to see a response here. Thank.
GOTTA MOVE FAST
  07/11/18
honestly no reason to spend 2.5 unless you really want a nic...
dha tux
  07/10/18
i can only speak to new york suburbs
dha tux
  07/10/18
$2M will get you a pretty nice place in a lot of affluent NY...
Baron Mark von Ironside
  07/10/18
definitely. no really need to spend 2.5 when you can spend ...
dha tux
  07/10/18
You can get a decent place for under $1m in some nice NY sub...
Martin Prince
  07/10/18
Tax Information Tax Year: 2017 Municipality Tax Amount: $...
gedood persoon
  07/10/18
It is insanely high but you get the benefit of one of the to...
Martin Prince
  07/10/18
I pay less than 1/10th in a house that's only valued slightl...
gedood persoon
  07/10/18
Edgemont is particularly high, even by Westchester standards...
Baron Mark von Ironside
  07/10/18
Why blow so much on a house? I just bought a 4 bedroom house...
Thunder Collins
  07/10/18
Cr. Parts of long island and upstate in the train, too.
.,.,.,.,.,.,.,.,.,.,.,.
  07/10/18
LOL @ buying a house with 600K HHI in those cities
.,.,,.;;...;;.;;;.;.;.....;.;;;;.....;
  07/10/18
wtf. minimum HHI needed?
.,,.,.,.,,,,,.......,.,,
  07/10/18
If you're looking to buy a HOUSE, not just a shit condo, the...
.,.,,.;;...;;.;;;.;.;.....;.;;;;.....;
  07/10/18
also sorry bro, but 600K in NY/SF is not a lot of money....y...
.,.,,.;;...;;.;;;.;.;.....;.;;;;.....;
  07/10/18
stable 600k is definitely fine for NY suburbs. it probably ...
dha tux
  07/10/18
if he's willing to commute from Westchester (LOL) then fine ...
.,.,,.;;...;;.;;;.;.;.....;.;;;;.....;
  07/10/18
because actually living in this shit city sucks balls and th...
dha tux
  07/10/18
LOL the NYC suburbs are shit compared to many if not most su...
.,.,,.;;...;;.;;;.;.;.....;.;;;;.....;
  07/10/18
not as nice as chicago, sure. but better than anything on t...
dha tux
  07/10/18
(guy who has never lived on the west coast) West Coast, M...
.,.,,.;;...;;.;;;.;.;.....;.;;;;.....;
  07/10/18
Cr
gedood persoon
  07/10/18
but i'm really saying that he should save a couple million d...
dha tux
  07/10/18
couple million is not enough to retire, but should be enough...
.,.,,.;;...;;.;;;.;.;.....;.;;;;.....;
  07/10/18
i mean he should spend 1.5-2MM on a house vs 2.5-3.5MM on a ...
dha tux
  07/10/18
that's probably fine but 2 hour commute a day is not easy if...
.,.,,.;;...;;.;;;.;.;.....;.;;;;.....;
  07/10/18
yeah, commuting does suck, but he'll be able to afford one o...
dha tux
  07/10/18
https://www.zillow.com/homedetails/15096620_zpid/ Welcom...
~~(>' ' )>
  07/10/18
lol no interior pictures...must be a drug den
.,.,,.;;...;;.;;;.;.;.....;.;;;;.....;
  07/10/18
Ready for your personal touches!
~~(>' ' )>
  07/10/18
LJL at living in SF over NY. Half the price of that shitbox ...
Martin Prince
  07/10/18
...
Martin Prince
  07/10/18
Lol
gedood persoon
  07/10/18
lol gas yourself JJC
bird brain alimony explosion
  07/10/18
$600k HHI is below (a very thin) middle class in those citie...
xo kav
  07/10/18
ljl at locking yourself into a 30 year debt obligation at 5x...
Benevolent Screed
  07/10/18
? He'd have to pay 20% down so the debt obligation would onl...
Baron Mark von Ironside
  07/10/18
If you are in LA you should buy in the San Fernando Valley. ...
calishitlawguru
  07/10/18
Looks like a post war suburb
gedood persoon
  07/10/18
It's a trade off. I regret periods of my life in which I str...
OldHLSDude
  07/10/18
180 Also the glitz of a big house soon wears off and pple...
.,.,,.;;...;;.;;;.;.;.....;.;;;;.....;
  07/10/18
$2m would be my max at $600k HHI if stable income. Check ...
nutella
  07/10/18
burn it all down
.,.,,.;;...;;.;;;.;.;.....;.;;;;.....;
  07/10/18
you could do 2.5 at a stable 600k no problem, could do 3 if ...
Non sequitur
  07/10/18
yeah i poast about this a lot, but really it just depends on...
Baron Mark von Ironside
  07/10/18
(rowan
Non sequitur
  07/10/18
(guy justifying living paycheck to paycheck)
.,.,,.;;...;;.;;;.;.;.....;.;;;;.....;
  07/10/18
you could service a $2M mortgage on $600k with zero problems...
Baron Mark von Ironside
  07/10/18
Youíre missing the biggest money suck of all: kids.
nutella
  07/10/18
my list wasn't meant to be exhaustive.
Baron Mark von Ironside
  07/10/18
...
ESL TM..,..;;.
  07/10/18
Holy shit. LJL. Meanwhile, in some nice NY suburbs: http...
Martin Prince
  07/10/18
too old looking, needs to be torn down and renovated
.,.,,.;;...;;.;;;.;.;.....;.;;;;.....;
  07/10/18
Not sure if serious.
ESL TM..,..;;.
  07/11/18
first one is so shit they wont even show pics of inside h...
Non sequitur
  07/10/18
There are tradeoffs to everything. I pay a premium to liv...
nutella
  07/11/18
https://www.redfin.com/NE/Omaha/1022-S-80th-St-68114/home/10...
fumblerooski
  07/11/18
Damn.
Jim_Kelly
  07/11/18
I picked this one because I found the architecture interesti...
fumblerooski
  07/11/18
Agreed -- I really like it.
Jim_Kelly
  07/11/18
especially the sun room. With some updates and the right dec...
fumblerooski
  07/11/18
You should just move to Columbus https://www.zillow.com/h...
gedood persoon
  07/11/18
But then he would have to live in Columbus.
ESL TM..,..;;.
  07/11/18
Is $3M a stretch?
.,,.,.,.,,,,,.......,.,,
  07/16/18
imo yes that's a stretch. i'd try to stay between 2 and 2.5.
Baron Mark von Ironside
  07/16/18
What if the majority of the 600k HHI isnít stable - ie, solo...
.,,.,.,.,,,,,.......,.,,
  07/16/18
Go to something between 1.5-2, lower your blood pressure sub...
HojRakso
  07/16/18
that's even worse
Baron Mark von Ironside
  07/16/18


Poast new message in this thread



Reply Favorite

Date: July 10th, 2018 12:11 AM
Author: .,,.,.,.,,,,,.......,.,,

NYC/SF/LA

how much house should we buy? in these mkts, a decent 4 bedroom easily runs 2.5M+, probably 3-3.5M for a solid long-term place.

2 toddlers

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36395298)



Reply Favorite

Date: July 16th, 2018 6:08 PM
Author: hero radies

Calculate the ratio of expected rental income / expected mortgage payment for various property types and in various sub-areas in the areas you are looking to buy.

Buy whatever has the highest expected rental income / expected mortgage payment ratio in that area. (Eg. Expected rental income from a ~1,500 SF 3 bedroom condo in a certain Neighborhood is $7,500 / month and the expected mortgage payment is $6,600).

Buy that. Live in it until you can comfortablly afford the downpayment for a new place. Buy a new place and rent old place out. Rinse and repeat over and over every 1-4 years. After not too long you will have enough passive income to retire on.

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36439692)



Reply Favorite

Date: July 16th, 2018 6:22 PM
Author: ~~(>' ' )>

"every 1-4 years. After not too long you will have enough passive income to retire on."

You must save down payments pretty fast.

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36439782)



Reply Favorite

Date: July 10th, 2018 12:13 AM
Author: 1920 North Side Mick Gangster (Dragonchain hodler)

live mexican style + stockpile money + flee and retire five years later

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36395308)



Reply Favorite

Date: July 10th, 2018 10:42 AM
Author: A Jurisprudence is Performed

cr, by the time you're 35 you could pay all cash for a 4BR house on the beach in FL panhandle, sideline tickets to Noles games.

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36396897)



Reply Favorite

Date: July 10th, 2018 12:14 AM
Author: Wilbur Mercer, the supreme gentleman (Short Pride World Wide)

pay all cash

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36395312)



Reply Favorite

Date: July 10th, 2018 12:20 AM
Author: :::;;::;:;;;;::::;;;::;;;;;


Serious question. In 5 years you can retire, enjoy your life, and spend plenty of time with your children living a middle-upper class lifestyle in a second tier city. Why are you willing to spend 30 extra years like a rat on a wheel so you can live in a mcmansion in a dirty crowded city?



(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36395349)



Reply Favorite

Date: July 10th, 2018 12:23 AM
Author: 1920 North Side Mick Gangster (Dragonchain hodler)

lol bro he won't even come close to a mcmansion. maybe he'll cop dat luxe in-unit washer dryer though!

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36395357)



Reply Favorite

Date: July 10th, 2018 12:41 AM
Author: .,.,,.;;...;;.;;;.;.;.....;.;;;;.....;




(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36395425)



Reply Favorite

Date: July 10th, 2018 12:51 AM
Author: ~~(>' ' )>

And maybe a garbage disposal.

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36395479)



Reply Favorite

Date: July 10th, 2018 5:55 AM
Author: dha tux ( )



(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36396076)



Reply Favorite

Date: July 10th, 2018 6:06 AM
Author: .,.,.;;,;.,..,:,,:,;.,:::,..;.,:,.,..:.,,.:.,:.::,


letís not get carried away

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36396079)



Reply Favorite

Date: July 10th, 2018 5:33 AM
Author: load bearing gash



(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36396068)



Reply Favorite

Date: July 11th, 2018 12:55 PM
Author: GOTTA MOVE FAST

I'd like to see a response here. Thank.

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36405294)



Reply Favorite

Date: July 10th, 2018 12:23 AM
Author: dha tux ( )

honestly no reason to spend 2.5 unless you really want a nice house.

how much of that HHI is you vs your wife? does she want to stop / slow down working at all?

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36395358)



Reply Favorite

Date: July 10th, 2018 12:44 AM
Author: dha tux ( )

i can only speak to new york suburbs

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36395444)



Reply Favorite

Date: July 10th, 2018 12:48 AM
Author: Baron Mark von Ironside

$2M will get you a pretty nice place in a lot of affluent NY suburbs

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36395463)



Reply Favorite

Date: July 10th, 2018 12:50 AM
Author: dha tux ( )

definitely. no really need to spend 2.5 when you can spend 1.5.

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36395473)



Reply Favorite

Date: July 10th, 2018 7:11 AM
Author: Martin Prince (a space law scholar's scholar)

You can get a decent place for under $1m in some nice NY suburbs:

https://www.redfin.com/NY/Scarsdale/1-Sherwood-Pl-10583/home/20122355

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36396163)



Reply Favorite

Date: July 10th, 2018 10:08 AM
Author: gedood persoon (£j£)

Tax Information

Tax Year: 2017

Municipality

Tax Amount: $26,882

LOL @ coastcucks

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36396682)



Reply Favorite

Date: July 10th, 2018 10:19 AM
Author: Martin Prince (a space law scholar's scholar)

It is insanely high but you get the benefit of one of the top school districts in the country. No need for private $school.

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36396753)



Reply Favorite

Date: July 10th, 2018 10:21 AM
Author: gedood persoon (£j£)

I pay less than 1/10th in a house that's only valued slightly less

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36396764)



Reply Favorite

Date: July 10th, 2018 10:31 AM
Author: Baron Mark von Ironside

Edgemont is particularly high, even by Westchester standards.

You can go to towns with much lower RE taxes per $1M of property value. The price for the house will usually be higher, but I'd always rather pay more for the house and less for the taxes

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36396825)



Reply Favorite

Date: July 10th, 2018 12:31 AM
Author: Thunder Collins

Why blow so much on a house? I just bought a 4 bedroom house in Orange County for $760k with a HHI of $500k. Should be able to save a ton.

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36395386)



Reply Favorite

Date: July 10th, 2018 8:18 AM
Author: .,.,.,.,.,.,.,.,.,.,.,. (Poster formerly known as MND)

Cr. Parts of long island and upstate in the train, too.

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36396270)



Reply Favorite

Date: July 10th, 2018 12:42 AM
Author: .,.,,.;;...;;.;;;.;.;.....;.;;;;.....;


LOL @ buying a house with 600K HHI in those cities

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36395430)



Reply Favorite

Date: July 10th, 2018 12:44 AM
Author: .,,.,.,.,,,,,.......,.,,

wtf. minimum HHI needed?

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36395440)



Reply Favorite

Date: July 10th, 2018 12:45 AM
Author: .,.,,.;;...;;.;;;.;.;.....;.;;;;.....;


If you're looking to buy a HOUSE, not just a shit condo, then you're looking at HHI of 1MM+, maybe 1.25MM+

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36395446)



Reply Favorite

Date: July 10th, 2018 12:46 AM
Author: .,.,,.;;...;;.;;;.;.;.....;.;;;;.....;


also sorry bro, but 600K in NY/SF is not a lot of money....you're barely making ends meet if you buy a house.

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36395453)



Reply Favorite

Date: July 10th, 2018 12:49 AM
Author: dha tux ( )

stable 600k is definitely fine for NY suburbs. it probably won't get you a brownstone though.

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36395468)



Reply Favorite

Date: July 10th, 2018 12:50 AM
Author: .,.,,.;;...;;.;;;.;.;.....;.;;;;.....;


if he's willing to commute from Westchester (LOL) then fine

but wtf would any retard want to commute one hour to work a shit, high stress job in a high COL area beats me

there are much easier ways to live life



(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36395472)



Reply Favorite

Date: July 10th, 2018 12:50 AM
Author: dha tux ( )

because actually living in this shit city sucks balls and the nice inner suburbs are pretty 180.

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36395477)



Reply Favorite

Date: July 10th, 2018 12:51 AM
Author: .,.,,.;;...;;.;;;.;.;.....;.;;;;.....;


LOL the NYC suburbs are shit compared to many if not most suburbs in the country

i've lived in every region of the country and East Coast is the worst by far (low QOL, high COL and shit weather)

can't wait to get out of this dump

if you think NYC suburbs are "nice" you need to get out more often

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36395478)



Reply Favorite

Date: July 10th, 2018 12:55 AM
Author: dha tux ( )

not as nice as chicago, sure. but better than anything on the west coast.

and if you're going to buy a house and raise a family, the suburbs are the way to go.

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36395499)



Reply Favorite

Date: July 10th, 2018 12:56 AM
Author: .,.,,.;;...;;.;;;.;.;.....;.;;;;.....;


(guy who has never lived on the west coast)

West Coast, Mountain region, Southwest, Midwest and South are all better either due to higher QOL, lower COL, better weather, or some combination of the above

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36395504)



Reply Favorite

Date: July 10th, 2018 10:13 AM
Author: gedood persoon (£j£)

Cr

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36396710)



Reply Favorite

Date: July 10th, 2018 12:57 AM
Author: dha tux ( )

but i'm really saying that he should save a couple million dollars so that he (and his wife) can chill the fuck out.

you can get into nice towns/neighborhoods for 1.5-2MM

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36395505)



Reply Favorite

Date: July 10th, 2018 12:58 AM
Author: .,.,,.;;...;;.;;;.;.;.....;.;;;;.....;


couple million is not enough to retire, but should be enough to take a lower paying, lower stress job that you enjoy

he should do that and move to flyover or whatever

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36395511)



Reply Favorite

Date: July 10th, 2018 1:05 AM
Author: dha tux ( )

i mean he should spend 1.5-2MM on a house vs 2.5-3.5MM on a house with a HHI of 600k. that will get you pretty much any nice town you want.

there's no reason to go all out when you're a fucking wage slave.

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36395554)



Reply Favorite

Date: July 10th, 2018 1:08 AM
Author: .,.,,.;;...;;.;;;.;.;.....;.;;;;.....;


that's probably fine but 2 hour commute a day is not easy if you're working a long hours job

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36395575)



Reply Favorite

Date: July 10th, 2018 1:13 AM
Author: dha tux ( )

yeah, commuting does suck, but he'll be able to afford one of the closer towns. it's not like he'd be looking to buy a house in fucking suffolk or rockland with 2MM.

an hour each way isn't that much more than 40-45 minutes each way (which is what the subway will take you if you buy a place in brooklyn)

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36395597)



Reply Favorite

Date: July 10th, 2018 12:59 AM
Author: ~~(>' ' )>

https://www.zillow.com/homedetails/15096620_zpid/

Welcome to the upper-middle class, motherfucker.

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36395522)



Reply Favorite

Date: July 10th, 2018 1:00 AM
Author: .,.,,.;;...;;.;;;.;.;.....;.;;;;.....;


lol no interior pictures...must be a drug den

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36395525)



Reply Favorite

Date: July 10th, 2018 1:18 AM
Author: ~~(>' ' )>

Ready for your personal touches!

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36395626)



Reply Favorite

Date: July 10th, 2018 7:42 AM
Author: Martin Prince (a space law scholar's scholar)

LJL at living in SF over NY. Half the price of that shitbox in a prestigious NY suburb a short train ride from NYC: https://www.redfin.com/NY/Scarsdale/1-Sherwood-Pl-10583/home/20122355

Why would anyone choose SF biglaw or really anything in SF short of senior management at a top tech company?

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36396208)



Reply Favorite

Date: July 10th, 2018 9:52 AM
Author: Martin Prince (a space law scholar's scholar)



(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36396585)



Reply Favorite

Date: July 10th, 2018 10:14 AM
Author: gedood persoon (£j£)

Lol

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36396715)



Reply Favorite

Date: July 10th, 2018 7:36 AM
Author: bird brain alimony explosion

lol gas yourself JJC

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36396196)



Reply Favorite

Date: July 10th, 2018 8:20 AM
Author: xo kav

$600k HHI is below (a very thin) middle class in those cities, so you should probably rent with the rest of the poors

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36396276)



Reply Favorite

Date: July 10th, 2018 9:56 AM
Author: Benevolent Screed

ljl at locking yourself into a 30 year debt obligation at 5x your annual take home.

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36396612)



Reply Favorite

Date: July 10th, 2018 10:33 AM
Author: Baron Mark von Ironside

? He'd have to pay 20% down so the debt obligation would only be $2M (less if he buys below $2.5M purchase price). That's trending towards 3x HHI

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36396831)



Reply Favorite

Date: July 10th, 2018 10:13 AM
Author: calishitlawguru

If you are in LA you should buy in the San Fernando Valley. It has all the perks of living in a large city but no parking issues, lower housing prices, etc. You just have to pick an area like Woodland Hills, Calabasas, Encino, Tarzana, Sherman Oaks, or Studio City. Avoid anything in the middle of the valley.

This is my neighboorhood. It almost feels like living in a small town, except you are still in LA: https://www.neighborhoods.com/valley-circle-estates-woodland-hills-ca

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36396713)



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Date: July 10th, 2018 10:17 AM
Author: gedood persoon (£j£)

Looks like a post war suburb

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36396744)



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Date: July 10th, 2018 10:37 AM
Author: OldHLSDude

It's a trade off. I regret periods of my life in which I struggled with large mortgage debt. OTOH, long commutes will drain the life force from you. Sometimes you have to balance the two things. My rule of thumb for financial peace eventually became mortgage<1.5x annual income. I know this is hard for you guys to imagine, but there can be real estate crashes. I lost money on a house in the most expensive part of the Bay area (said to be impossible, but it happened in the early 90's). LA has crashed a few times, too. Don't forget property taxes and maintenance costs. Big houses=big repairs. New tax law has changed the calculus, too. At the end of the day it's a personal decision, but I really hated feeling trapped by an expensive house. If you are 100% certain you are going to love where you work and live, that's great. Remember, however, that slave masters count on your being locked in.

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36396863)



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Date: July 10th, 2018 10:48 AM
Author: .,.,,.;;...;;.;;;.;.;.....;.;;;;.....;


180

Also the glitz of a big house soon wears off and pple become used to their surroundings

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36396940)



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Date: July 10th, 2018 12:37 PM
Author: nutella

$2m would be my max at $600k HHI if stable income.

Check out this steal:

https://www.redfin.com/CA/Los-Angeles/10337-Mississippi-Ave-90025/home/6798732

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36397593)



Reply Favorite

Date: July 10th, 2018 1:03 PM
Author: .,.,,.;;...;;.;;;.;.;.....;.;;;;.....;


burn it all down

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36397766)



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Date: July 10th, 2018 1:09 PM
Author: Non sequitur

you could do 2.5 at a stable 600k no problem, could do 3 if you really needed to

after housing all your oither costs are pretty much the same so you would be fine

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36397804)



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Date: July 10th, 2018 1:12 PM
Author: Baron Mark von Ironside

yeah i poast about this a lot, but really it just depends on what your other costs are.

if you're leasing 2 luxury cars and going on lavish vacations and buying expensive clothes and handbags, you clearly should spend less on RE.

if you're discretionary spend is much more modest and you don't have heavy expenses, then i don't think it's a huge issue.

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36397819)



Reply Favorite

Date: July 10th, 2018 1:13 PM
Author: Non sequitur

(rowan

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36397822)



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Date: July 10th, 2018 1:14 PM
Author: .,.,,.;;...;;.;;;.;.;.....;.;;;;.....;


(guy justifying living paycheck to paycheck)

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36397827)



Reply Favorite

Date: July 10th, 2018 1:16 PM
Author: Baron Mark von Ironside

you could service a $2M mortgage on $600k with zero problems if you're not a spendthrift. you could easily sock away 6-figs a year in savings too.

how much you spend on a home is just one line item on your monthly expenditures. if your other expenditures are low it's not a big deal.

if your other expenditures are high i 100% agree with you.

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36397844)



Reply Favorite

Date: July 10th, 2018 2:40 PM
Author: nutella

Youíre missing the biggest money suck of all: kids.

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36398624)



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Date: July 10th, 2018 2:40 PM
Author: Baron Mark von Ironside

my list wasn't meant to be exhaustive.

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36398633)



Reply Favorite

Date: July 10th, 2018 8:49 PM
Author: ESL TM..,..;;.



(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36401427)



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Date: July 10th, 2018 1:11 PM
Author: Martin Prince (a space law scholar's scholar)

Holy shit. LJL.

Meanwhile, in some nice NY suburbs: https://www.redfin.com/NY/Scarsdale/1144-Post-Rd-10583/home/20002263

https://www.redfin.com/NY/Huntington/11-Goldfinch-Ln-11743/home/21081883



(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36397813)



Reply Favorite

Date: July 10th, 2018 1:12 PM
Author: .,.,,.;;...;;.;;;.;.;.....;.;;;;.....;


too old looking, needs to be torn down and renovated

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36397817)



Reply Favorite

Date: July 11th, 2018 2:43 PM
Author: ESL TM..,..;;.

Not sure if serious.

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36405994)



Reply Favorite

Date: July 10th, 2018 1:13 PM
Author: Non sequitur

first one is so shit they wont even show pics of inside

how far of a commute is #2

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36397826)



Reply Favorite

Date: July 11th, 2018 3:09 PM
Author: nutella

There are tradeoffs to everything.

I pay a premium to live 1.5 miles from work. You can get 3000-4000 square feet in the LA burbs too for cheaper with good schools if you want live an hour away and commute. But thatís just wasted time away from family. Property taxes are also way lower in LA (1.25%) than NY (2x-3x that).

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36406160)



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Date: July 11th, 2018 2:49 PM
Author: fumblerooski

https://www.redfin.com/NE/Omaha/1022-S-80th-St-68114/home/103529871

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36406029)



Reply Favorite

Date: July 11th, 2018 2:55 PM
Author: Jim_Kelly

Damn.

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36406074)



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Date: July 11th, 2018 2:57 PM
Author: fumblerooski

I picked this one because I found the architecture interesting, but there are some legit, nice mansions available too.

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36406086)



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Date: July 11th, 2018 2:58 PM
Author: Jim_Kelly

Agreed -- I really like it.

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36406090)



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Date: July 11th, 2018 3:00 PM
Author: fumblerooski

especially the sun room. With some updates and the right decorating, that house could be amazing

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36406108)



Reply Favorite

Date: July 11th, 2018 12:54 PM
Author: gedood persoon (£j£)

You should just move to Columbus

https://www.zillow.com/homes/884-Neil-Ave,-Columbus,-OH-43215_rb/

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36405282)



Reply Favorite

Date: July 11th, 2018 11:15 PM
Author: ESL TM..,..;;.

But then he would have to live in Columbus.

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36409648)



Reply Favorite

Date: July 16th, 2018 6:02 PM
Author: .,,.,.,.,,,,,.......,.,,

Is $3M a stretch?

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36439643)



Reply Favorite

Date: July 16th, 2018 6:04 PM
Author: Baron Mark von Ironside

imo yes that's a stretch. i'd try to stay between 2 and 2.5.

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36439661)



Reply Favorite

Date: July 16th, 2018 6:07 PM
Author: .,,.,.,.,,,,,.......,.,,

What if the majority of the 600k HHI isnít stable - ie, solo practice

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36439674)



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Date: July 16th, 2018 6:11 PM
Author: HojRakso

Go to something between 1.5-2, lower your blood pressure substantially. There's nothing wrong with--actually much recommended to--living a bit below your means.

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36439705)



Reply Favorite

Date: July 16th, 2018 6:18 PM
Author: Baron Mark von Ironside

that's even worse

(http://www.autoadmit.com/thread.php?thread_id=4021886&forum_id=2#36439751)