Anonymous
05/20/2021 10:02
Subject: Nerdwallet's How Much House Can You Afford is comical!
The very cheapest house they recommended for us (1.4) is the very most I would consider. I think they need to take another look at this calculator.
Anonymous
05/20/2021 09:59
Subject: Re:Nerdwallet's How Much House Can You Afford is comical!
Lol
475k HHI and the high end of the green was 2.7M…what??? This is why Americans are broke. They trust these dumb Websites
475k HHI and the high end of the green was 2.7M…what??? This is why Americans are broke. They trust these dumb Websites
Anonymous
05/20/2021 09:52
Subject: Nerdwallet's How Much House Can You Afford is comical!
250k HHI with 100,000 down and $375 in student loan payments. 1.3 million was in green. Not even our Realtor suggested anything remotely close to that and we though she was pushing our budget
Anonymous
05/20/2021 09:44
Subject: Re:Nerdwallet's How Much House Can You Afford is comical!
Anonymous wrote:Anonymous wrote:Anonymous wrote:We bought six months ago - very happy with what we spent, knowing it was a stretch for us. I put our stats in the NerdWallet calculator, and it puts us right in the middle of the yellow. Sounds right to me!
Perhaps you're one of those super conservative DCUM real estate types who thinks people who make $200k a year can only afford a $400k house, but I agree with NerdWallet.
Actually putting a bunch of money in your personal residence *is* the conservative choice.
The high-risk, high-reward choice would be to buy a cheaper house and stretch to throw your money in the market.
Says someone who was not a homeowner in 2007.
My status as homeowner in 2007 doesn't matter. The stock and real estate data from the last century does.
Anonymous
05/20/2021 09:43
Subject: Re:Nerdwallet's How Much House Can You Afford is comical!
Anonymous wrote:It said I would spend 45% of my take-home income on my mortgage payment. It was like getting in a time machine to 2007.
Hopefully the loan officers are not on this same time machine.
I suspect they must not be. My next door neighbor has had 3 contactable on his house in the last two months. All three have fallen apart before closing because the buyer couldn’t get financing.
Anonymous
05/20/2021 09:41
Subject: Re:Nerdwallet's How Much House Can You Afford is comical!
It said I would spend 45% of my take-home income on my mortgage payment. It was like getting in a time machine to 2007.
Anonymous
05/20/2021 09:41
Subject: Re:Nerdwallet's How Much House Can You Afford is comical!
Anonymous wrote:Anonymous wrote:We bought six months ago - very happy with what we spent, knowing it was a stretch for us. I put our stats in the NerdWallet calculator, and it puts us right in the middle of the yellow. Sounds right to me!
Perhaps you're one of those super conservative DCUM real estate types who thinks people who make $200k a year can only afford a $400k house, but I agree with NerdWallet.
Actually putting a bunch of money in your personal residence *is* the conservative choice.
The high-risk, high-reward choice would be to buy a cheaper house and stretch to throw your money in the market.
Says someone who was not a homeowner in 2007.
Anonymous
05/20/2021 09:29
Subject: Re:Nerdwallet's How Much House Can You Afford is comical!
Anonymous wrote:We bought six months ago - very happy with what we spent, knowing it was a stretch for us. I put our stats in the NerdWallet calculator, and it puts us right in the middle of the yellow. Sounds right to me!
Perhaps you're one of those super conservative DCUM real estate types who thinks people who make $200k a year can only afford a $400k house, but I agree with NerdWallet.
Actually putting a bunch of money in your personal residence *is* the conservative choice.
The high-risk, high-reward choice would be to buy a cheaper house and stretch to throw your money in the market.
Anonymous
05/20/2021 09:14
Subject: Re:Nerdwallet's How Much House Can You Afford is comical!
I put our house in the calculator with the amount of equity that we have which is not high at all (30 year mortgage 5 years in) and the purchase price is below the green range of the calculator. We are saving enough for college and retirement but not super-saving. It is way unrealistic unless you want to be house poor.
Anonymous
05/19/2021 22:59
Subject: Nerdwallet's How Much House Can You Afford is comical!
$3m house here I come!
Anonymous
05/19/2021 22:46
Subject: Re:Nerdwallet's How Much House Can You Afford is comical!
Anonymous wrote:We bought six months ago - very happy with what we spent, knowing it was a stretch for us. I put our stats in the NerdWallet calculator, and it puts us right in the middle of the yellow. Sounds right to me!
Perhaps you're one of those super conservative DCUM real estate types who thinks people who make $200k a year can only afford a $400k house, but I agree with NerdWallet.
You aren't the sharpest tool in the shed.
Anonymous
05/19/2021 22:43
Subject: Nerdwallet's How Much House Can You Afford is comical!
OMG...that is INSANE!!
If I want to be broke, have no I vestments and live hood rich.
425k income said 9,200 was in the green.
It'd amazing there are people stupid enough to think this would be OK.
If I want to be broke, have no I vestments and live hood rich.
425k income said 9,200 was in the green.
It'd amazing there are people stupid enough to think this would be OK.
Anonymous
05/19/2021 22:36
Subject: Nerdwallet's How Much House Can You Afford is comical!
HHI $250k +$500 loan debt + $50k down payment = $1.3M home purchase
Real life scenario? We bought a $600k home in 2006 with $140k down and are just now recovering...
Real life scenario? We bought a $600k home in 2006 with $140k down and are just now recovering...
Anonymous
05/19/2021 22:19
Subject: Re:Nerdwallet's How Much House Can You Afford is comical!
Anonymous wrote:That calculator must be way off….I moved it over the lowest part of green and it was $400k more than our purchase 2 years ago. And most DCUM money forum folks would scold us for our house price to HHI ratio!
Nope the calculator is correct, it is DCUM that is way off.
Anonymous
05/19/2021 22:14
Subject: Re:Nerdwallet's How Much House Can You Afford is comical!
That calculator must be way off….I moved it over the lowest part of green and it was $400k more than our purchase 2 years ago. And most DCUM money forum folks would scold us for our house price to HHI ratio!