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re: Where does the money come from to support home prices in Lakeview?
Posted on 4/3/22 at 10:27 pm to Epic Cajun
Posted on 4/3/22 at 10:27 pm to Epic Cajun
A household making 200-300k should not be buying a house over 600k
3
Posted on 4/3/22 at 10:32 pm to GEAUXT
quote:
A household making 200-300k should not be buying a house over 600k
That is a pretty definitive statement.
Not everyone has your debt.
Posted on 4/3/22 at 10:45 pm to GEAUXT
quote:
A household making 200-300k should not be buying a house over 600k
As a young couple buying first their first home, of course not.
As a 40 something year old couple who are in the market to upsize after paying off the mortgage on their first home and coming to the table with ~$300K in cash is an entirely different (and more likely) story.
Posted on 4/4/22 at 6:55 am to GEAUXT
quote:
A household making 200-300k should not be buying a house over 600k
You can pretty easily afford a 600k home with 300k income
At 300k income, you're netting over 15k per month, if you put 20% down on a 600k mortgage your monthly note is only going to be ~3k. If you can't afford that, I don't know what else you're doing with all of your money
This post was edited on 4/4/22 at 7:07 am
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