Eyeing to buy a $1.5M home. Curious to know financial position of others who own a similar house. If you own one, post the following: House Price: Down payment: Base pay and TC: Net-worth (all savings and assets but not the downpayment):
House Price: 600,000 Down payment: 120,000 Base pay and TC: 220/520 Net-worth (all savings and assets but not the downpayment): 1MM+ I just need a decent and peaceful place to live.
Following
House Price - 990k Down payment - 230k Basepay and TC (160/520) (spouse also has 160 & 450k). Our TCs were lower when Amazon stock was at 500 when we sold it to pay down payment) Network - 1.4MM
OP here. Figured I should post the same info I ask if others. House price target: $1.5M Down payment: 400K TC: 380k Net worth: $1.5M in stocks + 100k emergency cash
You’re in a good position
how much yoe? how did you get to 1.5m in stocks with 380k TC? I guess it could be through AMZN stock appreciation.
House 960k (2.5 yrs ago) Down 150k Tc 520k - base 220k+ NW 1M
House price target: $1.5M Down payment: 400k TC: me and my partner combine for 420k base pay. Networth: collectively ~1M
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Do you mind elaborating why mortgage above $750k is insane? What if you put 300k down and 1.2m mortgage. Any reason this is not a good option?
Like he said, the mortgage interest deductions max out at $750k mortgage under Trumps tax plan