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re: In the market for a house...

Posted on 5/8/24 at 11:16 am to
Posted by GeauxGriff
Member since Dec 2022
20 posts
Posted on 5/8/24 at 11:16 am to
That estimate is actually pretty close.

My point was is that the OP is currently relatively cash rich, maxing out various investment accounts, and seems to be enjoying a good quality of life. He shouldn’t jeopardize that by getting himself stuck under a $500k house at a high interest rate.
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
32819 posts
Posted on 5/8/24 at 11:21 am to
quote:

He shouldn’t jeopardize that by getting himself stuck under a $500k house at a high interest rate.

Yeah, I absolutely agree that a 500k house with the current rates is probably a bit expensive for 160k income. Just sucks, because it was "affordable" with that income back when rates were ~4% or so.
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