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OP here. The home is within our means and we can afford it, but I set a budget at a smaller amount because we are financially conservative.
Our budget was $1.5 and the home is $1.8. The house is very nice but a little large with 5bd 5.5ba and 4500qft. We were originally looking for a 4bd with around 3,000sqft. We will use the space with grandparents flying in to visit every couple of months and for holidays. My wife is a wonderful wife and mother. She is extremely selfless and does so much for me and our two young kids and never asks for anything in return. I feel like I should buy the home because I know she takes pride in having a nice house and she rarely buys anything expensive for herself. |
OP here. We can afford all of these expenses with the home she wants. I just believe in living more frugally and not spending a bunch of money. |
What is your HHI? |
Sounds like you should buy it. It’s not like she is a big spender in other areas, she’s probably saved you money over the years. |
| Buy the house. You will be using the space for extended family. Our houses have been our best investments. |
| A house is not like a car. Odds are very strong you’ll get your money back and more. |
OP here. About $550k. |
| Do it. Congratulations!!! |
| I call troll. This and the “Girlfriend Changed Her Mind” thread are both about women who want a more expensive home, and both capitalized every letter in the title. Sounds like a bored guy trying to “prove” women are materialistic. |
| May be he is trying to access same situation from different angles without giving away too much information but yeah could a troll. |
Wow. then go for it. |
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Happy wife, happy life.
However if it would be a struggle for you financially, no one will be happy. If you can afford it, make your wife happy. |
| How big is the mortgage on 1.8m? That would make me extremely uncomfortable at 550K if it's over 1.5m mortgaged. |
| No. It's just a house. Your marriage should be strong enough where a house choice wouldn't be a deal breaker. |
OP here. I capitalize because it’s easier to see among the other threads. I didn’t want to capitalize all the letters and it seem aggressive. This has nothing to do with being materialistic. |