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re: In the market for a house...

Posted on 5/8/24 at 11:21 am to
Posted by UncleRuckus
Member since Feb 2013
7671 posts
Posted on 5/8/24 at 11:21 am to
500k house in a 160k income seems a bit high, especially with interest rates being ridiculous
Posted by BilbeauTBaggins
probably stuck in traffic
Member since May 2021
4574 posts
Posted on 5/8/24 at 11:23 am to
quote:


500k house in a 160k income seems a bit high, especially with interest rates being ridiculous

This, along with 45% of the take home cash going elsewhere. The interest rate on a $500k home is going to be insane right now. I wouldn't even worry about it.

As another mentioned, the unseen future costs (home maintenance, vehicles) will add up.
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