Mid 30s DINK couple. Household base is 320k and TC is 550k. But it may drop below 500 next year(due to cliff). Liquid savings is 1.5M. How much can we afford? #mortgage #housing #sanfrancisco
2.5 to 3 mil
Why not just work through how much you want to spend and get the number that way... Just because the bank will lend x doesn't mean you'd actually want to spend that...
Go for 2.5m max. Don't have a loan of more than a million.
This is not wise Say both folks lose their jobs You want to have cash reserves for at least 24 months So no more than $400K down
24 months??? 😂
Don’t buy in SF, move out and have kids
I'd recommend looking at how much you can put towards the home monthly especially at these interest rates and working from there. If 15k, you can do 2 million, if 10k... Something like that.
Just rent
You can afford a 1.5M mortgage, so if you're willing to down 1M you can buy at most 2.5M which is a pretty modest house in a good location.
Why didn’t you buy in 2020?
Buya home and pray both of you get laid off. Mean validation seeker Dinks have no right to such luxuries.deserve to be taught a hard lesson.
Go big or go home (literally) Put all the $1.5M down and go for a $5M mansion