How much house can we afford in Seattle (Eastside - Bothell/Renton/Issaquah/Sammamish ideally) HH base - 354k RSU - 50k (onhire vested; need to switch soon :() 350k in HYSA No other savings, spent rest on property back home What should our budget be considering Eastside's high property costs? We ideally would prefer a SFH without HOA. Would love to hear Blinds thoughts on what location and property type we can afford. TIA
1.8m
U serious? :○
What is your title and do you expect to hold that position for the next 5 years? The reason I ask because a lender would want to make sure you will be able to afford the house for the years to come. Now buying today and selling next year doesn’t make sense… on average Americans stay at a house for 7+ years
Senior swe. Planning to stay in Seattle for min 5 years, hence the house buying plan.
Pretty sure copilot can answer this!
Wanted real life experienced blinders to share their thoughts with the limited savings and tc we have currently
HH tc? Don’t forget to add property tax and its growth in your calculations
On the post already. Around 400k hhtc due to minimal stocks pending vest
So this is your first home? You don’t have a situation where you are upgrading from smaller house you own to a bigger one? Asking because affordablilty will change. What’s your age?
What is HH base ? Happy hour ?
Lol house hold base pay
Wow that a Lott.
Renton mostly. Net worth looks pretty low for other areas. Renton is growing like crazy, know a lot of collegues who bought there
Yeah our worry exactly!! Net worth is too low for Eastside. How's issaquah or duvall or any other upcoming areas?
Issaquah is super expensive unless you look at townhomes. Duvall is another upcoming area too.
Not much with current interest rate. My HHTC is 650k. Loan 1.4M at 4%. One persons entire after tax base is going to mortgage and property tax ($1.6/mo) and basic bills.
It's a weird combo. Having Renton in the same list with Issaquah and Sammamish. Issaquah/Sammamish is hot as F right now. Just closed on a home in that area. Prices going at least 200k over asking with 10-20 offers. Sometimes homes go pending even before open house. My advice, pick one area and a realtor and do open houses. Realtor can tell you what houses are going for when the offer reviews happen. That will give you a real pulse of the market. Then decide if you want to go into the frenzy or want to build more capital.
I would continue to rent and save… You will want 6months expenses in an emergency fund (60-120k) and contribute to retirement accounts as well (try mega backdoor Roth if you currently have $0), which will basically empty your HYSA, and give you $0 for a down payment. I would highly recommend trying to improve your financial literacy either online (Mr money mustache, boggle heads) or book recommendations. You don’t seem very prepared.
We have 100k earmarked for emergency which I didn't count in the 350k hysa estimate. But yes, we need to up our financial literacy for sure.
Tech Industry
Yesterday
1318
Women, help me understand why this is inspirational
Health & Wellness
Yesterday
396
Lasik cost
Tech Industry
3d
60746
Crossed a line with my boss
Tech Industry
Yesterday
2278
What happens when most of your team is Indian?
Layoffs
Yesterday
939
At Tesla, even the interns are on the chopping block 🪓
Google. Dumbass.
Wow! Who hurt you?