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Reply to "S/O how much have you spent on your house? "
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[quote=Anonymous][quote=Anonymous]I'm a renter and all these comments make me incredibly scared to ever buy a house.[/quote] Don't be scared. Just be realistic. When buying a house, you should assume you will spend 1-4% of the homes value yearly (or at least be saving for that--it might be lower one year and need a new roof the next year). So you spend $600K on a home, you should be saving $6-24K per year for maintenance, depending upon the age and shape of the house. I'd recommend you cannot afford the house unless you can actually save 3-4% yearly towards maintenance. Otherwise you will be shocked when things break. Then realize that you have to calculate property taxes as well and those never stay stable, they always go up. Also, home insurance is ridiculous now, thanks to all the natural disasters around the country. so a $600K house might cost you $2K+ to insure. [/quote]
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