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Real Estate
Reply to "Won the bid on a 900k house and now I feel sick"
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[quote=Anonymous]No house is worth being house poor. No figures are set in stone either. Property taxes go up, home insurance goes up, utilities go up, some years escrow goes up. If you can't comfortably use one paycheck to pay home expenses and live on the other, that home will become a noose around your neck. Financial stress not only makes you feel sick 24/7 but it can and will kill a marriage. Quick. Have seen it many times. Cover all your bases and the what ifs, have backup plans in place just in case then you can breathe. Keep in mind buying is the easy part. Maintaining a home is where the trouble starts. If you don't have money to maintain during your mortgage years, you're fucked. Good luck. [/quote]
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