Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Would you buy a 1.2 million dollar home "
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]I'll be the outlier--I think that's fine, assuming property taxes are under $15K or so. We are in a higher cost area and that's fairly routine at that income. Whether it's wise depends entirely on your local market. If you are in the DMV, you probably have other options at lower prices. Can you get into the same district for $800K and have a slightly less house? Then I'd do that. But where we live, $1M is a 2BR starter home, so people make different choices about how to spend their income. Stick to the rule of keeping your PITI under 30% of your pre-tax income--but you can likely do that with an $850K mortgage. Whether you should depends on all the other variables.[/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
