Do I Buy Expensive Home To Make My Wife Happy?

[Anonymous]

Anonymous wrote:How big is the mortgage on 1.8m? That would make me extremely uncomfortable at 550K if it's over 1.5m mortgaged.

OP here. It will be about $16k/month. We were approved for up to $3.2m so we definitely have the money. We have a very large savings account and a large down payment. Our HHI will increase if my wife goes back to work once kids are in school.

[Anonymous]

Anonymous wrote: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.

The women described sound like opposites, except that both would like a nicer home.

[Anonymous]

Anonymous wrote:

Anonymous wrote:How big is the mortgage on 1.8m? That would make me extremely uncomfortable at 550K if it's over 1.5m mortgaged.

OP here. It will be about $16k/month. We were approved for up to $3.2m so we definitely have the money. We have a very large savings account and a large down payment. Our HHI will increase if my wife goes back to work once kids are in school.

You can definitely afford this home. I would not hesitate if I were you.

[Anonymous]

Anonymous wrote: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.

+1. Both subject lines are oddly capitalized and posted at the same time.

[Anonymous]

Whole lot of “I” in your OP. Does your wife work? Does she get a say in household priorities for money and budgeting?

[Anonymous]

Anonymous wrote:

Anonymous wrote: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.

The women described sound like opposites, except that both would like a nicer home.

OP here. I’m not sure which thread you’re talking about - I don’t read other threads on here.

My wife is an amazing lady and not materialistic at all. She doesn’t care about expensive clothes, jewelry, or materialistic items. She spends money where it matters - food, nice home, family vacations, stuff for the kids, saving for private schools, etc.

[Anonymous]

Anonymous wrote:

Anonymous wrote:How big is the mortgage on 1.8m? That would make me extremely uncomfortable at 550K if it's over 1.5m mortgaged.

OP here. It will be about $16k/month. We were approved for up to $3.2m so we definitely have the money. We have a very large savings account and a large down payment. Our HHI will increase if my wife goes back to work once kids are in school.

It’s 20% more expensive of a house. That’s not a huge jump and it sounds like you guys can afford it. Get the house.

[Anonymous]

I’d get the house unless it’s more than you were hoping to spend AND you absolutely don’t like it. If you like it, can afford it no problem, it’s just not the price you envisioned originally I’d go for it.

[Anonymous]

Anonymous wrote:Whole lot of “I” in your OP. Does your wife work? Does she get a say in household priorities for money and budgeting?

OP here. I say I but we are a team.

- She quit working when she had our first child. She wants to stay home with our kids while they’re young.

- She runs the household. We have a joint checking account and she can spend as she pleases. We run big purchases by each other, but she has full control. I handle most of the finances and bill paying and she handles ordering items for the household, paying for doctors costs, paying for kids outings, etc.

[Anonymous]

Yes.

[Anonymous]

Anonymous wrote:My wife and I are searching for a SFH and she fell in love with one outside of what I originally wanted to spend. We toured it and it’s a very nice home, but more expensive and bigger than we need. My wife is understanding but definitely looked disappointed when I mentioned the price was much more than I prefer to spend. We can afford the home - I would just prefer not to spend that much. My friend told me to get her the house she wants, even if it’s more expensive. Do I buy her the home to make her happy?

You would prefer not to spend as much. She would prefer that house. You’re both enjoy it if she gets her preference. If you get your preference, only you will enjoy it.

[Anonymous]

We bought a condo because I was too nervous to go over this "ideal" price point that I had in my head, even though we could have afforded more.

It is probably the worst real estate decision we've ever made. The condo we bought is way, way too small. During Covid, it has been torturous to be here with small kids. And our income has gone up by a lot, so what might have been a stretch when we bought in 2019 would not be now. Unfortunately, we're stuck because SFH prices have gone through the roof. We're definitely priced out of the larger SFH houses now.

Get the house you really love. You're going to be there a long, long time.

[Anonymous]

If you can afford it, put an offer on the house. There are no guarantees you will get the house. If you wait, housing prices or interest rates may go up and you will find yourself spending more on the same house.

My husband and I ended up in a townhouse 5 years ago because we didn’t have children and weren’t sure if we could have or wanted children. Fast forward, we have one child now with another one on the way and still think about that SFH we passed up on bc we thought it would be too big for just the two of us. Now those SFHs we were looking at 5 years ago which were $1.2m are $1.8-$2.2m.

[Anonymous]

Anonymous wrote:

Anonymous wrote: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.

+1. Both subject lines are oddly capitalized and posted at the same time.

And both said the husband has a house budget of 1.5 million but wife/gf wants to spend more.

[Anonymous]

Anonymous wrote:We bought a condo because I was too nervous to go over this "ideal" price point that I had in my head, even though we could have afforded more.

It is probably the worst real estate decision we've ever made. The condo we bought is way, way too small. During Covid, it has been torturous to be here with small kids. And our income has gone up by a lot, so what might have been a stretch when we bought in 2019 would not be now. Unfortunately, we're stuck because SFH prices have gone through the roof. We're definitely priced out of the larger SFH houses now.

Get the house you really love. You're going to be there a long, long time.

I posted earlier and something similar to this happened to me. I hated the house that I bought trying to be cheap and remain in budget.