Anonymous
08/01/2017 23:47
Subject: Would you buy a $1.2M house on this HHI?
You can afford it but it really depends on your other spending priorities and savings goals.
Our priorities right now are doing things with our kids and their expenses. It is expensive, but totally our choices. We have that mortgage and income level. We have to think about what we spend in other areas.
Our priorities right now are doing things with our kids and their expenses. It is expensive, but totally our choices. We have that mortgage and income level. We have to think about what we spend in other areas.
Anonymous
08/01/2017 21:37
Subject: Would you buy a $1.2M house on this HHI?
Only buy a house on one income.
Anonymous
08/01/2017 21:24
Subject: Would you buy a $1.2M house on this HHI?
Anonymous wrote:Seriously, what's your passive income of $3k/month. Would love to know.
Yes, this. I'm assuming rental income especially the expected increase in the future?
Anonymous
08/01/2017 20:51
Subject: Would you buy a $1.2M house on this HHI?
Seriously, what's your passive income of $3k/month. Would love to know.
Anonymous
08/01/2017 19:05
Subject: Would you buy a $1.2M house on this HHI?
You can afford it. Considering you're putting down 20% you could always easily downsize if someone lost a job long term.
Anonymous
08/01/2017 18:17
Subject: Re:Would you buy a $1.2M house on this HHI?
Anonymous wrote:I probably wouldn't. That's about $4.5k/mo. to service the mortgage, which I would not be comfortable with at that income. If I absolutely loved the house, AND my job was not only very secure and also had realistic room for significant salary growth (like another 50k+ within a couple years), I would consider it.
But with the $3k/month in extra income it's absolutely doable.
Anonymous
08/01/2017 17:18
Subject: Re:Would you buy a $1.2M house on this HHI?
I probably wouldn't. That's about $4.5k/mo. to service the mortgage, which I would not be comfortable with at that income. If I absolutely loved the house, AND my job was not only very secure and also had realistic room for significant salary growth (like another 50k+ within a couple years), I would consider it.
Anonymous
08/01/2017 15:09
Subject: Re:Would you buy a $1.2M house on this HHI?
sure