Buy house after grad?

Sep 29 21 Comments

I will graduate this school year and just accepted an offer in Seattle for TC 180k (salary is high at ~130k, and I'm fairly confident my stock compensation will be stable through the recession). Current liquid net worth is around 75k. Signing bonus will be another $30k post-tax. I also have a new car that's paid off. No debts.

I like Seattle and plan to stay there for at least 5 years. I've got this money and I can either invest it or buy a house. Seriously considering buying a house because I like the city and house prices are affordable compared to California (~600-800k). I plan to rent out rooms if I purchase one so that my mortgage payment is reasonable, and I've been preapproved for a mortgage if I want one.

Tell me Blind, am I an idiot if I purchased a house? Pls give a reason if so

Thanks

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TOP 21 Comments
  • Booking.com
    Баба Яга

    Booking.com

    BIO
    🤬🤪🥴🥺🤫😜🤦‍♂️
    Баба Ягаmore
    You are an idiot
    Sep 29 1
    • New
      ⫷⫸

      New

      BIO
      Renaissance Technologies
      ⫷⫸more
      Why the hostility?
      Sep 29
  • Citadel Securities / Eng bluetiger
    I would say wait another year or so before deciding to buy. You will have more savings for a down payment and a better sense of where you will be long-term.
    Sep 29 0
  • The Krazy Coupon Lady / Eng ${user.id}
    Damn your parents must be looooooaded
    Sep 29 1
    • The Krazy Coupon Lady / Eng ${user.id}
      Also buy the house lol
      Sep 29
  • NanoString tWCs77
    Invest instead for now imo. Good that you plan to stay here for 5yr, but new opportunities come up and you don’t want to feel tied to one place in your early 20s.
    Sep 29 0
  • Delta Air Lines BVzd08
    Ay! Tech TCs makes me wanna transition to that industry 🌚 but fly Delta, always! Haha
    Sep 29 4
    • The Krazy Coupon Lady / Eng ${user.id}
      Not a pilot?
      Sep 29
    • Delta Air Lines BVzd08
      Haha no, data analyst here
      Sep 29
    • Apple pollett
      What discounts you get?
      Sep 29
    • Delta Air Lines BVzd08
      Unlimited free flights - in first class on a good day ;)
      Sep 29
  • IBM / Data bbWI22
    Buy a house and rent out spare rooms. I’m currently doing this in the Bay Area and my monthly expenses are $1500, out of which $300 are tax deductible and $1200 goes directly to my equity
    Sep 29 3
    • LinkedIn ugsebkidv
      When did you buy though?
      Sep 29
    • IBM / Data bbWI22
      4 months ago
      Sep 29
    • LinkedIn ugsebkidv
      That’s pretty great then, good for you to make it work!

      Which area do you live, price, and bd/ba if you don’t mind sharing?
      Sep 29
  • Amazon / Eng
    cottoneye

    Amazon Eng

    PRE
    Google
    cottoneyemore
    Looks like you are off to a great start. Most advice you are going to get here are from people with lesser gumption, abilities and drive than you. Buying and renting out makes sense if you have the liquidity. You will come out on top. Good luck to you.
    Sep 29 1
    • Groupon nfof26
      Hell ya. All that drive being born into a well-off family. I wish I was that driven when I was born!
      Sep 29
  • Cisco NnMk28
    Good job.
    💪
    Sep 29 0
  • Tesla iSRf83
    Do it why not?! and rent other rooms!
    Sep 29 0
  • Facebook / Eng null_user
    I bought in Seattle 10 years ago and my house has doubled. I expect doubling again in the next 10 years. Buy outside of Seattle though as property taxes will diminish your investment.
    Sep 29 0
  • Rover.com / HR looking4rc
    Hey welcome to Seattle!
    Sep 29 0

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