$1M home on $157k base compensation?-DC

Anonymous
On almost that exact salary, we bought a $450,000 townhome, and things were tight.
Anonymous
No, banks might loan you the money on the off chance they will make money on you, but they shouldn't.

Look at a townhouse or condo first and save save save.
Anonymous
Lololol!!! My sister who is single just bought a house a few months ago on the exact same income and her maximum loan amount she was willing to finance was 400k.

You are an absolute dummy.
Anonymous
Heck no.
Anonymous
OP, may I please ask which builder is offering this rate right now? Thanks so much in advance!
Anonymous
I think OP has left the building
Anonymous
No way. No.
Anonymous
Anonymous wrote:OP, may I please ask which builder is offering this rate right now? Thanks so much in advance!


This is Madison Homes in conjunction with Wells Fargo.
Anonymous
A mistake.
Anonymous
After you get the new job, company has layoffs . You’re last in first out. Will be so painful. SO RISKY
Anonymous
Buy something more affordable, increase income, pay it off, buy next one with large down to keep it affordable.
Anonymous
No bank is going to approve this. Even if you put 20% down you couldn’t afford the monthly payments.
Anonymous
This smells like 2005 when Baristas and Lawn Mowers were buying $700K houses. Drive by appraisals! No-doc loans! We know how that turned out.

~ Agent X
Anonymous
We have a $300k HHI can I can't imagine buying a $1M home
Anonymous
Anonymous wrote:We have a $300k HHI can I can't imagine buying a $1M home


Childfree that would work
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