Location: Seattle Eastside (Bellevue, Kirkland, Redmond, Issaquah, etc) Assets: Liquid investment: 670k 401k: 220k Cash: 100k Equity on current home: 300k (plan to sell) Other considerations: 2 kids under 3 years old No debt other than current mortgage TC: 350k (include spouse) YOE: 7 #mortgage #housing #seattle
Depends on monthly payment honestly
Imo, I don't want to chase a bigger and bigger box to live in. However, this a big decision you need to think on. Pick what makes you happy - if the market shits the bed you want a bag you are happy living in.
Make sure you cash in all your investments and go all in. That way you are maxing out your prestige
I spent 700k on mine and love it
Would love to do the same but where do you find 700k home? š
Well, I was a little lucky on timing (2 yrs ago) and it's a little bit of a fixer upper. But there's still a lot of <800 places in south Seattle. Check out beacon hill or Hillman city. Both are excellent
Work remote from a coastal city in central america and live like a king off a tenth of the smallest poll option here
How did you save so much in 7 years? Asking for a friend.
I have a āboringā lifestyle I guess :) ā I donāt own a car for a long time and overall donāt care much about āfancyā stuff (e.g. fancy restaurants, fancy clothes). Also invest most of my savings consistently in index fund.
Your financial situation and mine are very similar. I just submitted an offer for a house thatās about 1 mil.
Do you mind sharing which neighborhoods are you looking at and why?
Folowinh
If all the Techies stop buying for 6 months, housing market is bound to crash and we get homes for <700K, just saying but everyone wants to buy homes in FOMO and keep raising prices
I care more about a courtyard and backyard so I donāt have to listen to my neighbours fucking at night, Iāll pay whatever for it