Reply to $2M home w/ $160k HHI?

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Reply to "$2M home w/ $160k HHI?"

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[quote=Anonymous]I have a large expensive house in a lower income I bought in 2017. I had the money for a very large downpayment. Around 60 percent down. But carrying costs was concern.

I focused on houses with gas heat, public water no HOA and avoided new builds which can lead to “surprise” property taxes after purchase. I also avoid houses big retaining walls or huge garage lots that have issues. Avoided big older inground pools with upcoming maint. From there house had to be in really good shape.

I ended up buying a house on a flat 1/2 acre. It is 4,000 sf finished upstairs with 2,000 sf basement so I have 6,000 sf.

No pool, no sprinklers, all four sided brick colonial. It need a few new windows and repainting some rooms and minor things. No HOA. All the bathrooms and kitchen were new. It does not cost much to maintain. My taxes are 12k a year.

I saw some houses electric heat, well water, high HOA fees or high property tax. It the thing my wife hates two acres with most it it hilly it woods yet higher property tax.

1/2 my block is retired but I think due to fact no HOA and reasonable taxes and well built houses folks stay.

It is those two acre houses with pools and tennis courts, HOA fees and high taxes that look like a movie star house that are hard to maintain if a lower income so you leave

I also lo[/quote]

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