Do it
What is the location (City, State)?
Kirkland, WA. Basically Redmond’s armpit
Okay - Costco’s birthplace.
No. Don’t be house poor
Jesus. I thought I was stretching it with a $5k mortgage w/ 550k TC.
I don’t think you are stretching. Not even close. OP is sitting on that thin line though.
We are targeting 2 mil with 640k TC, I think you are stretching it a bit
What are your rough monthly expenses and take home pay? How much will you have left in cash/stock after liquidating shares for the down payment?
If stock doesn’t crash take home is 310, expenses are low. Breakdown is probably 30k expenses/year (no rent), 170k to savings/retirement, 110k to mortgage. But again, if I lose job or stock crash I may be screwed
🚩🚩🚩 Don't do it. I guarantee said house is not a new build, correct? You honestly NEVER know when something will break / need replacement which could completely turn you upside down. I was originally relating that statement to something breaking in the house, but honestly, it could be your car or you that needs fixing too... I wouldn't take on that stress.
Being house-poor sucks!
Save up a huge downpayment first
Our TC is 600+ and I wont do it
You better prop up this RE market. We depend on people like you doing the stupidly needful.
No