Anonymous
03/13/2020 13:15
Subject: Re:Wife and I Are At Odds..
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:OP here. We make a little over $300k HHI combined. We have no debt and a large savings account. My wife fell in love with the condo. She loves that it’s in a building with an elevator, has heated attached garage parking, and a rooftop deck. She doesn’t want to live in a house in the city because they don’t have a yard. Neither of us can work from home, and changing jobs is not possible with everything going on. We don’t want to rent and we haven’t found other places we like.
Unless you have $800k to put down you have no business buying a $1.5M house on that income, especially when you're about to have a baby. What if the kid is medically fragile or special needs? What if your wife doesn't want to go back to work? I don't even know why you're looking at houses that expensive, let alone arguing with your pregnant wife that you should stretch yourself to the financial limit in order to get 5 more bedrooms than you need for the size of your family.
Because of course a wife not wanting to go back to work is reason enough for wife to not go back to work.
It's always smarter to plan big purchases like housing around being able to pay them on one income. OP is trying to stretch too far, and for no apparent reason. They could buy a four bedroom house with a yard for a price they can actually handle. He hasn't made a case for 6 bedrooms to house two people who share a bedroom and a fetus. He is trying to say her preferences (elevator, parking, deck) are frivolous, but at least they make sense. The amenities that are attracting him to this house are ... apparently just that his realtor is one hell of a salesman.
- WOHM
I actually think that he feels this house is a good long-term compromise between what he wants (short-ish commute, city living), and what she wants (house in the suburbs). Whereas she sees the condo as temporary for a few years before they move out to the suburbs.
Shortish commute and city living is exactly what the condo offers, if that's what he wants. If they fundamentally disagree about where they're going to live in 2-3 years, they should be renting, not buying at all.
Anonymous
03/13/2020 13:10
Subject: Re:Wife and I Are At Odds..
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:OP here. We make a little over $300k HHI combined. We have no debt and a large savings account. My wife fell in love with the condo. She loves that it’s in a building with an elevator, has heated attached garage parking, and a rooftop deck. She doesn’t want to live in a house in the city because they don’t have a yard. Neither of us can work from home, and changing jobs is not possible with everything going on. We don’t want to rent and we haven’t found other places we like.
Unless you have $800k to put down you have no business buying a $1.5M house on that income, especially when you're about to have a baby. What if the kid is medically fragile or special needs? What if your wife doesn't want to go back to work? I don't even know why you're looking at houses that expensive, let alone arguing with your pregnant wife that you should stretch yourself to the financial limit in order to get 5 more bedrooms than you need for the size of your family.
Because of course a wife not wanting to go back to work is reason enough for wife to not go back to work.
It's always smarter to plan big purchases like housing around being able to pay them on one income. OP is trying to stretch too far, and for no apparent reason. They could buy a four bedroom house with a yard for a price they can actually handle. He hasn't made a case for 6 bedrooms to house two people who share a bedroom and a fetus. He is trying to say her preferences (elevator, parking, deck) are frivolous, but at least they make sense. The amenities that are attracting him to this house are ... apparently just that his realtor is one hell of a salesman.
- WOHM
I actually think that he feels this house is a good long-term compromise between what he wants (short-ish commute, city living), and what she wants (house in the suburbs). Whereas she sees the condo as temporary for a few years before they move out to the suburbs.
Anonymous
03/13/2020 13:00
Subject: Wife and I Are At Odds..
Buy only toilet paper.
Anonymous
03/13/2020 12:57
Subject: Re:Wife and I Are At Odds..
Anonymous wrote:Anonymous wrote:Anonymous wrote:OP here. We make a little over $300k HHI combined. We have no debt and a large savings account. My wife fell in love with the condo. She loves that it’s in a building with an elevator, has heated attached garage parking, and a rooftop deck. She doesn’t want to live in a house in the city because they don’t have a yard. Neither of us can work from home, and changing jobs is not possible with everything going on. We don’t want to rent and we haven’t found other places we like.
Unless you have $800k to put down you have no business buying a $1.5M house on that income, especially when you're about to have a baby. What if the kid is medically fragile or special needs? What if your wife doesn't want to go back to work? I don't even know why you're looking at houses that expensive, let alone arguing with your pregnant wife that you should stretch yourself to the financial limit in order to get 5 more bedrooms than you need for the size of your family.
Because of course a wife not wanting to go back to work is reason enough for wife to not go back to work.
It's always smarter to plan big purchases like housing around being able to pay them on one income. OP is trying to stretch too far, and for no apparent reason. They could buy a four bedroom house with a yard for a price they can actually handle. He hasn't made a case for 6 bedrooms to house two people who share a bedroom and a fetus. He is trying to say her preferences (elevator, parking, deck) are frivolous, but at least they make sense. The amenities that are attracting him to this house are ... apparently just that his realtor is one hell of a salesman.
- WOHM
Anonymous
03/13/2020 12:53
Subject: Re:Wife and I Are At Odds..
Anonymous wrote:Anonymous wrote:Anonymous wrote:OP here. We make a little over $300k HHI combined. We have no debt and a large savings account. My wife fell in love with the condo. She loves that it’s in a building with an elevator, has heated attached garage parking, and a rooftop deck. She doesn’t want to live in a house in the city because they don’t have a yard. Neither of us can work from home, and changing jobs is not possible with everything going on. We don’t want to rent and we haven’t found other places we like.
Unless you have $800k to put down you have no business buying a $1.5M house on that income, especially when you're about to have a baby. What if the kid is medically fragile or special needs? What if your wife doesn't want to go back to work? I don't even know why you're looking at houses that expensive, let alone arguing with your pregnant wife that you should stretch yourself to the financial limit in order to get 5 more bedrooms than you need for the size of your family.
OP here. I realized I made a typo. I make $300k a year and she makes a little over $200k, with a combined HHI of a little over $500k. We save most of what we make, and have a large savings. We almost have enough to pay for the condo in cash. We can afford both the house and the condo. Daycare here cost around $2k, but we will likely go the nanny route ( $40-50k/year).
NP - Even if you make 500k that is still ridiculous, at least in my opinion. Why put an albatross like that around your neck when you have kids coming?
Anonymous
03/12/2020 22:00
Subject: Wife and I Are At Odds..
A $1.5 million house with no yard!!!!!!!! You can’t be serious!!!!
Anonymous
03/12/2020 21:40
Subject: Re:Wife and I Are At Odds..
Anonymous wrote:Anonymous wrote:OP here. We make a little over $300k HHI combined. We have no debt and a large savings account. My wife fell in love with the condo. She loves that it’s in a building with an elevator, has heated attached garage parking, and a rooftop deck. She doesn’t want to live in a house in the city because they don’t have a yard. Neither of us can work from home, and changing jobs is not possible with everything going on. We don’t want to rent and we haven’t found other places we like.
Unless you have $800k to put down you have no business buying a $1.5M house on that income, especially when you're about to have a baby. What if the kid is medically fragile or special needs? What if your wife doesn't want to go back to work? I don't even know why you're looking at houses that expensive, let alone arguing with your pregnant wife that you should stretch yourself to the financial limit in order to get 5 more bedrooms than you need for the size of your family.
OP here. I realized I made a typo. I make $300k a year and she makes a little over $200k, with a combined HHI of a little over $500k. We save most of what we make, and have a large savings. We almost have enough to pay for the condo in cash. We can afford both the house and the condo. Daycare here cost around $2k, but we will likely go the nanny route ( $40-50k/year).
Anonymous
03/12/2020 21:39
Subject: Wife and I Are At Odds..
Unless you have a huge down payment you can't afford a 1.5M house in 300k HHi when you'll also have childcare expenses.
Anonymous
03/12/2020 21:06
Subject: Re:Wife and I Are At Odds..
Anonymous wrote:OP here. We make a little over $300k HHI combined. We have no debt and a large savings account. My wife fell in love with the condo. She loves that it’s in a building with an elevator, has heated attached garage parking, and a rooftop deck. She doesn’t want to live in a house in the city because they don’t have a yard. Neither of us can work from home, and changing jobs is not possible with everything going on. We don’t want to rent and we haven’t found other places we like.
I posted earlier but now that you disclosed your income I agree that you shouldn't buy a house that expensive. Have you run the numbers on what your budget will look like with a $1.5 million house (PITI)? Plus daycare close in will probably be at least $1.5K per month. I'm not saying you need to get the condo your wife wants (perhaps a smaller house or a TH is an option) but I wouldn't spend that much money on a house at your income.
Anonymous
03/12/2020 20:47
Subject: Wife and I Are At Odds..
Which one has a better school system
Anonymous
03/12/2020 19:03
Subject: Re:Wife and I Are At Odds..
Anonymous wrote:Anonymous wrote:OP here. We make a little over $300k HHI combined. We have no debt and a large savings account. My wife fell in love with the condo. She loves that it’s in a building with an elevator, has heated attached garage parking, and a rooftop deck. She doesn’t want to live in a house in the city because they don’t have a yard. Neither of us can work from home, and changing jobs is not possible with everything going on. We don’t want to rent and we haven’t found other places we like.
Unless you have $800k to put down you have no business buying a $1.5M house on that income, especially when you're about to have a baby. What if the kid is medically fragile or special needs? What if your wife doesn't want to go back to work? I don't even know why you're looking at houses that expensive, let alone arguing with your pregnant wife that you should stretch yourself to the financial limit in order to get 5 more bedrooms than you need for the size of your family.
Because of course a wife not wanting to go back to work is reason enough for wife to not go back to work.
Anonymous
03/12/2020 18:59
Subject: Re:Wife and I Are At Odds..
Anonymous wrote:OP here. We make a little over $300k HHI combined. We have no debt and a large savings account. My wife fell in love with the condo. She loves that it’s in a building with an elevator, has heated attached garage parking, and a rooftop deck. She doesn’t want to live in a house in the city because they don’t have a yard. Neither of us can work from home, and changing jobs is not possible with everything going on. We don’t want to rent and we haven’t found other places we like.
Unless you have $800k to put down you have no business buying a $1.5M house on that income, especially when you're about to have a baby. What if the kid is medically fragile or special needs? What if your wife doesn't want to go back to work? I don't even know why you're looking at houses that expensive, let alone arguing with your pregnant wife that you should stretch yourself to the financial limit in order to get 5 more bedrooms than you need for the size of your family.
Anonymous
03/12/2020 18:57
Subject: Wife and I Are At Odds..
Anonymous wrote:Anonymous wrote:Anonymous wrote:That house sounds absolutely stupid.
+1 6 bedrooms and no yard? It's like a B&B or something. This is not a house a family grows into, OP. When you actually have little kids you won't want 3 decks you'll want a yard.
Actually we have a 7-bedroom house and it's very nice for our family.
With no yard and 3 decks? Nobody cares about your house, we're talking about the specific one that OP is describing for his family of 2.5.
Anonymous
03/12/2020 14:54
Subject: Re:Wife and I Are At Odds..
OP here. We make a little over $300k HHI combined. We have no debt and a large savings account. My wife fell in love with the condo. She loves that it’s in a building with an elevator, has heated attached garage parking, and a rooftop deck. She doesn’t want to live in a house in the city because they don’t have a yard. Neither of us can work from home, and changing jobs is not possible with everything going on. We don’t want to rent and we haven’t found other places we like.
Anonymous
03/12/2020 13:05
Subject: Wife and I Are At Odds..
Anonymous wrote:Anonymous wrote:That house sounds absolutely stupid.
+1 6 bedrooms and no yard? It's like a B&B or something. This is not a house a family grows into, OP. When you actually have little kids you won't want 3 decks you'll want a yard.
Actually we have a 7-bedroom house and it's very nice for our family.