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350k HHI - about to drop $950k on a house - crazy?

Going to sell current house for about 600k, and only owe 350...
Zippy Cream Corner Halford
  03/18/19
I hope it's in Christchurch
hairless box office immigrant
  03/18/19
It is not. In the West, but not California.
Zippy Cream Corner Halford
  03/18/19
If good job security you’re fine. If not probably not...
Rusted Hominid
  03/18/19
you have good job security right up until you don't, but tha...
hilarious razzle-dazzle turdskin
  03/18/19
CR. And kids in public school.
drunken aggressive temple
  03/18/19
Don’t have kids yet, but they will go public.
Zippy Cream Corner Halford
  03/18/19
I’m about to get breakfast at my MidLaw firm, so incom...
Zippy Cream Corner Halford
  03/18/19
any other assets/savings?
cerebral awkward stock car public bath
  03/18/19
Wife and I have both paid off our student loans and have abo...
Zippy Cream Corner Halford
  03/18/19
You should go for it. I think this is fine.
drunken aggressive temple
  03/18/19


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Date: March 18th, 2019 12:30 AM
Author: Zippy Cream Corner Halford

Going to sell current house for about 600k, and only owe 350k on it (thanks to buying it in 2012), so down payment shouldn’t be a problem. Won’t have to bring any cash to close on new house. Still, getting a little nervous about having a 750k mortgage, and having to get new furniture and shit.

(http://www.autoadmit.com/thread.php?thread_id=4223418&forum_id=2#37948570)



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Date: March 18th, 2019 12:31 AM
Author: hairless box office immigrant

I hope it's in Christchurch

(http://www.autoadmit.com/thread.php?thread_id=4223418&forum_id=2#37948574)



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Date: March 18th, 2019 8:19 AM
Author: Zippy Cream Corner Halford

It is not.

In the West, but not California.

(http://www.autoadmit.com/thread.php?thread_id=4223418&forum_id=2#37949070)



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Date: March 18th, 2019 8:39 AM
Author: Rusted Hominid

If good job security you’re fine. If not probably not a good idea.

(http://www.autoadmit.com/thread.php?thread_id=4223418&forum_id=2#37949083)



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Date: March 18th, 2019 8:50 AM
Author: hilarious razzle-dazzle turdskin

you have good job security right up until you don't, but that mortgage is going nowhere

(http://www.autoadmit.com/thread.php?thread_id=4223418&forum_id=2#37949107)



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Date: March 18th, 2019 8:58 AM
Author: drunken aggressive temple

CR. And kids in public school.

(http://www.autoadmit.com/thread.php?thread_id=4223418&forum_id=2#37949122)



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Date: March 18th, 2019 11:07 AM
Author: Zippy Cream Corner Halford

Don’t have kids yet, but they will go public.

(http://www.autoadmit.com/thread.php?thread_id=4223418&forum_id=2#37949555)



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Date: March 18th, 2019 11:04 AM
Author: Zippy Cream Corner Halford

I’m about to get breakfast at my MidLaw firm, so income might go up considerably (200k to 400k in the next few years), but no idea what it means for my job security.

Wife has a virtual guarantee of a 150k mommy track 9-5 job.

(http://www.autoadmit.com/thread.php?thread_id=4223418&forum_id=2#37949532)



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Date: March 18th, 2019 11:06 AM
Author: cerebral awkward stock car public bath

any other assets/savings?

(http://www.autoadmit.com/thread.php?thread_id=4223418&forum_id=2#37949546)



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Date: March 18th, 2019 11:10 AM
Author: Zippy Cream Corner Halford

Wife and I have both paid off our student loans and have about 200k in retirement accounts, and 70k in bank accounts.

I penciled out that we should still be able to save 4000 a month in this house in addition to fully contributing to our 401ks. But it would be 6000 a month in current house.

(http://www.autoadmit.com/thread.php?thread_id=4223418&forum_id=2#37949570)



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Date: March 18th, 2019 11:17 AM
Author: drunken aggressive temple

You should go for it. I think this is fine.

(http://www.autoadmit.com/thread.php?thread_id=4223418&forum_id=2#37949592)