Nerdwallet's How Much House Can You Afford is comical!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We bought six months ago - very happy with what we spent, knowing it was a stretch for us. I put our stats in the NerdWallet calculator, and it puts us right in the middle of the yellow. Sounds right to me!

Perhaps you're one of those super conservative DCUM real estate types who thinks people who make $200k a year can only afford a $400k house, but I agree with NerdWallet.

You aren't the sharpest tool in the shed.

PP here. $185k household income, $2,400 a month in childcare, no other debts or big expenses, we put 17% down on an $860,000 forever home. Yes, it's a stretch. NerdWallet says it's a stretch. Feels like the "yellow zone" is where we belong. We're very happy and comfortable. We also have very reliable incomes and a very solid emergency fund.

This makes my moderate risk tolerance brain ill to think about.

[Anonymous]

We were also middle right of the green after I put in a car payment, daycare cost, and student loan in the "obligations" section

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We bought six months ago - very happy with what we spent, knowing it was a stretch for us. I put our stats in the NerdWallet calculator, and it puts us right in the middle of the yellow. Sounds right to me!

Perhaps you're one of those super conservative DCUM real estate types who thinks people who make $200k a year can only afford a $400k house, but I agree with NerdWallet.

You aren't the sharpest tool in the shed.

PP here. $185k household income, $2,400 a month in childcare, no other debts or big expenses, we put 17% down on an $860,000 forever home. Yes, it's a stretch. NerdWallet says it's a stretch. Feels like the "yellow zone" is where we belong. We're very happy and comfortable. We also have very reliable incomes and a very solid emergency fund.

Oh dear God, dumber than I thought.

[Anonymous]

Wow. All I can say is I’m glad DH is as conservative as me. It put us at a $3.1mm house at top of green zone. In reality our house is worth about $900k.