Reply to Can I afford this house?

Forum Index » Real Estate

Reply to "Can I afford this house?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]Wow, super conservative folks here. My stats are not too far off (about 10 years younger, a little less in net worth), and I'm prepared to go up to $1.5 million with $750K down. And I absolutely don't want to be renting out any part of the house.

[b]My view is that you need to enjoy where you live, and you can't take the money with you to the grave. [/b]Plus, you seem very financially responsible and my guess is that you don't waste your money on frivolous stuff which means you'll be able to make things work.[/quote]

You're only 40... why are you even thinking in terms of "can't take it to the grave" yet??
Don't you understand, you have approx another 40-50 years to live and you'll need the money that you can squirrel away to survive.

Once folks hit retirement age, the majority of people's salary either plateaus, starts to get lower or most people decide to get out of the daily grind and work less hours.
Plus, as we age, our expenses go way up, not down... especially since you may have to consider assisted living, nursing homes, sicknesses, diseases like cancer, etc (and if you're married, you have to consider those costs X2).

I'm sorry, but having an outlook of "can't take it to the grave" at your age, is irresponsible & delusional. 
[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics