Perfect house for 1.3 Milliom

Mar 26, 2019 56 Comments

comments

Want to comment? LOG IN or SIGN UP
TOP 56 Comments
    • Indeed hasg61
      Oh gosh. $6,300 a month!!!?? What about traveling and enjoying life??
      Mar 26, 2019
    • Microsoft !=l33tc0d3
      Id spend 4000 max on housing per month on 200k income.
      Mar 26, 2019
  • Facebook
    Instagrаm

    Facebook

    PRE
    Google, Microsoft
    Instagrаmmore
    Don’t you know there’s always an even more perfect house for only 1.8M?
    Mar 26, 2019 0
  • BluVector sparked
    Let us know what bank approves that mortgage so we can avoid it like the plague
    Mar 26, 2019 4
    • Intuit ❓🔮❓
      To be fair, it’s not like OP’s income puts them wildly outside of affordability. It’s on the edge of being too much debt. Back in the day (pre crisis), you could say you had any income, and it wasn’t checked. That was the real problem.

      People making 200k a year with million dollar mortgages were not the cause of the 2008 financial crisis.
      Mar 26, 2019
    • Oath / Mgmt Atinlay1
      It does, and he can’t afford it. Hope he never needs a car, a roof, has kids, or can even afford utilities.

      Financial suicide
      Mar 26, 2019
  • Uber DemNts
    What about prop taxes?
    Mar 26, 2019 9
    • Oath / Mgmt Atinlay1
      You would be literally betting everything on that. It’s a horrible idea.
      Mar 26, 2019
    • Facebook public2
      A 30k house in 1980 would be worth about 4m today but generally yes real estate appreciation is lower.
      Mar 26, 2019
  • Amazon / Mgmt Db8db4
    Max should be 4 times your annual income (with current interest rates).
    Mar 26, 2019 8
    • Indeed hasg61
      Dave Ramsey is stupid. He is financially TOO conservative. He doesn’t know how to actually play the game, he rather not play it. I can go and tell everyone to cook at home, get a $400 dollar shared apartment, sell their newish car and get a 10yo one and to save until they can pay for their home with cash or have at least 20% downpayment and a 6month safety net. He is no guru, he just knows how to put on a show and spit out common sense plus a bit of extra conservative stuff.
      Mar 26, 2019
    • Uber DemNts
      Right, I don't disagree. I'm just pointing out that there are a whole gamut of equations out there on all extremes, you gotta pick what works for you.
      Mar 26, 2019
  • Intuit ❓🔮❓
    Money is getting to your head.

    If you really want a house this expensive, save up and put 50% down. At 10% down, those monthly payments will eat you alive.
    Mar 26, 2019 2
    • Intel / Eng DonaldDD's
      15 year, 20-30%?
      Mar 26, 2019
    • Intuit ❓🔮❓
      Most people do a 30 year for 20% down.

      Again, I said the monthly payments will eat OP alive. Suggesting a 15 year, with a normal down payment of a 30 year, is the exact opposite advice they need.
      Mar 26, 2019
  • This comment was deleted by original commenter.

    • Oath / Mgmt Atinlay1
      They can’t afford it
      Mar 26, 2019
  • BluVector sparked
    I’m just excited to see a 1.3m house decorated with IKEA
    Mar 27, 2019 1
    • Oath / Mgmt Atinlay1
      Or in this case, Zulily
      Mar 27, 2019
  • 200k should get you closer to perhaps a 700k house if you don’t want to retire when you’re 82.
    Mar 26, 2019 1
    • Oath / Mgmt Atinlay1
      I hope OP already has a car, it’s the last one they’ll be able to buy
      Mar 26, 2019
  • Microsoft !=l33tc0d3
    No
    Mar 26, 2019 0