Can't afford a 3+bed SFH house at 180K base salary in Seattle/ Bellevue at 7.32% interest. Who pays the highest base?
9 YOE, Sr Engineer, Married, Single Earner, 2 Kids (1 and 3 age)
You don't have RSUs?
Rent a house. 4k gives you a fair one though not fancy. Dude look at the interest. You’d likely to pay 2-3k more interest than when it was 3% interest. And there is very slim chance that you would refinance to a satisfiable rate within 2 yrs.
Rent for a few years. Owning a house is financially draining. And with the high interest rate, it doesn’t make sense to own. Don’t buy into the American dream of house ownership. It is a nightmare
Agree. Buy SPACs and cryptocurrencies instead.
TC? NW? Why not use some of those RSUs and put in more downpayment?
Check out PenFed, they’re a federal credit union with lower interest rates. Anyone can join.
Don't even think about buying until interest rates drop below 5% which is several years away, or longer if the bureaucrats don't stop spending money the US doesn't have.
You’re doing great. Agree on renting. Trust your future will provide and make concessions in housing now. Don’t get caught trying to solve this unless you don’t enjoy your current role.
Meta and to some extent Salesforce if you negotiate…