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Real Estate
Reply to "Condo, move really far out, or keep saving? "
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[quote=Anonymous][quote=Anonymous]I don't care if it's a condo or a McMansion, buy what you can comfortably afford with some cushion and not too much stretching. Rent is a total waste of money but homeownership needs you to always have extra money for unknowns. [/quote] They aren’t unknowns. You will constantly be paying money to upkeep the house. You can price out what it will cost to replace each element of your house over the next few decades. Money spent on taxes and mortgage interest and HOAs you will never get back. She could easily pay 2k a month on those three things, before touching the principal and making repairs. [/quote]
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