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Mortgage/Housing Rules of Thumb
| twinkling heady school | 03/23/19 |
| Slate swashbuckling stock car parlor | 03/23/19 |
| twinkling heady school | 03/23/19 |
| Slate swashbuckling stock car parlor | 03/23/19 |
| twinkling heady school | 03/23/19 |
| Medicated wrinkle | 03/23/19 |
| twinkling heady school | 03/23/19 |
| twinkling heady school | 03/24/19 |
| unholy windowlicker patrolman | 03/24/19 |
| twinkling heady school | 03/24/19 |
Poast new message in this thread
Date: March 23rd, 2019 6:53 PM Author: twinkling heady school What is the CR XO rule of thumb for spending on housing? Assume coastal location but not Bay Area. And the following two scenarios:
1) Single, stable in-house 9-6 job. 300K income. Condo.
2) Married. No kids. 500K HHI. House. |
Date: March 23rd, 2019 6:54 PM Author: Slate swashbuckling stock car parlor 2-3x is "ideal" (obviously less is better) 4-5x if you live in SF/LA/MFH but you wont be comfortable banks will loan you up to like 6x+ but lol at that |
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Date: March 23rd, 2019 6:56 PM Author: twinkling heady school Seems CR. Are people who work in SF really putting down 4-5x? Let's say you're in-house at FANG making 350 or 400 or so, maybe HHI is 500k. Are people legit springing for a $2M house? (http://www.autoadmit.com/thread.php?thread_id=4227365&forum_id=2#37978439) |
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Date: March 23rd, 2019 6:57 PM Author: Slate swashbuckling stock car parlor yes. challenge is saving up for the down payment not the monthly, cash flow usually isnt the problem (http://www.autoadmit.com/thread.php?thread_id=4227365&forum_id=2#37978442) |
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Date: March 23rd, 2019 7:01 PM Author: twinkling heady school Blah. Not saying you don't need go that high but fuck that's like 40% of your net income each month. (http://www.autoadmit.com/thread.php?thread_id=4227365&forum_id=2#37978459) |
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Date: March 23rd, 2019 7:06 PM Author: Medicated wrinkle It also really depends on career trajectory. 5x today could he 4x in 2-3 years and 3x in 5 years if your earnings are increasing 5-10% per year.
Very different math if you’re 40 and your earnings are going up at 2% per. |
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Date: March 23rd, 2019 7:10 PM Author: twinkling heady school Agree. But I don't know a lot of jobs that have 5-10% growth that you can count on. (http://www.autoadmit.com/thread.php?thread_id=4227365&forum_id=2#37978495) |
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Date: March 24th, 2019 9:58 AM Author: twinkling heady school (http://www.autoadmit.com/thread.php?thread_id=4227365&forum_id=2#37980329) |
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Date: March 24th, 2019 10:20 AM Author: unholy windowlicker patrolman Smells like duck sauce (http://www.autoadmit.com/thread.php?thread_id=4227365&forum_id=2#37980382) |
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Date: March 24th, 2019 3:22 PM Author: twinkling heady school Nah just a white dood trying to weigh housing vs less time in the hamster wheel of white collar work (http://www.autoadmit.com/thread.php?thread_id=4227365&forum_id=2#37981714) |