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Real Estate
Reply to "would you take out a mortgage that is half of your take home pay?"
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[quote=Anonymous]Echoing what others have said re: home repairs. If you only can't afford more than $600K chances are any single family home you get will be older and more likely to have stuff out of code, breaking, etc. But rents are expensive - I get it. If I were in your situation (single with no immediate plans for marriage or kids, and you have career growth trajectory), I would look into a condo or townhouse that is smaller and less maintenance. Ideally with a manageable HOA that includes utilities. The downside is they do not hold their values as well, but at least you'd own property. I'd run the numbers and see what comparable rent / condo / SFH would cost. [/quote]
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