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re: How much home can I afford?

Posted on 1/11/22 at 1:47 pm to
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80856 posts
Posted on 1/11/22 at 1:47 pm to
quote:

What? I make 150k / year and don’t think I’d be able to swing 600-700k house even with that down payment. Please don’t take this advice you’ll be house poor
You obviously have poor reading comprehension. That is why afford is in quotes. For you specifically, a $700k home would be less than 50% of your take home pay monthly. With no debt, the bank will say you can afford that easily. Is that a smart move financially? Hell no.
This post was edited on 1/11/22 at 1:48 pm
Posted by KCRoyalBlue
Member since Nov 2020
999 posts
Posted on 1/11/22 at 4:10 pm to
Can you legally sublease your current place to get an extra steady income stream?

Is that still a thing?
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