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re: Salary of $115,627 needed in order to qualify for a mortgage on a typical American home
Posted on 10/18/23 at 12:53 pm to KILGUS
Posted on 10/18/23 at 12:53 pm to KILGUS
quote:so is that the only area in Knoxville area where you can buy something under $300k?
This is what 152K will get you in Knoxville, and I can promise you 175K will not get you much better:
what about 30-45 minutes outside of Knoxville?
2
Posted on 10/18/23 at 12:53 pm to fareplay
When did you buy the house?
If you bought a $1.3 million dollar house when rates were 3% that is roughly $5400 per month. You are telling us you wouldn't be able to afford that grossing $25K per month not counting the wife?
If you bought a $1.3 million dollar house when rates were 3% that is roughly $5400 per month. You are telling us you wouldn't be able to afford that grossing $25K per month not counting the wife?
Posted on 10/18/23 at 12:54 pm to member12
Buying an apartment on the Northshore is not what I would call a good investment i
Posted on 10/18/23 at 12:56 pm to Chicken
quote:
what about 30-45 minutes outside of Knoxville?
Good luck.
Maryville has always been just as expensive. Same thing for the surrounding mountainous areas. You can find a trailer in a hollow, sure. It's not going to look any better though and you might have to scrape some meth residue off the walls.
Posted on 10/18/23 at 12:56 pm to stout
5% mortgage is roughly 6k.
One thing they don’t tell you about buying a house is that upkeep is insane. I blink and a thousand is gone. Our hvac is another 40k fence is 6k and just random shite costs so much
Also before people think 1.3 buys a new polished house, our house is built in 1980.
One thing they don’t tell you about buying a house is that upkeep is insane. I blink and a thousand is gone. Our hvac is another 40k fence is 6k and just random shite costs so much
Also before people think 1.3 buys a new polished house, our house is built in 1980.
This post was edited on 10/18/23 at 12:58 pm
Posted on 10/18/23 at 12:57 pm to SquatchDawg
quote:
That house today is about $250k
No it's not. Based on the data we have its about 380k. You want to argue that the house you bought in the Charlotte metro area has failed to match inflation? Because that would be crazy stupid.
quote:
two young people doing what we did would also be making a lot more today too
Two people in their 20's are clearing 300k+ doing what yall did? Cause that's how much yall were making in 2023 dollars.
Posted on 10/18/23 at 12:57 pm to lsupride87
Posted on 10/18/23 at 12:59 pm to Crawdaddy
quote:
That is $308,912.32 in todays dollar
You’re a moron. You really think home values have matched inflation?
Posted on 10/18/23 at 12:59 pm to fareplay
quote:
5% mortgage is roughly 6k.
Still very manageable grossing $25K per month
quote:
Our hvac is another 40k
What sort of HVAC did you spend $40K on?
Posted on 10/18/23 at 1:01 pm to stout
I wish it was something fancy but it’s just split ac.
As I said for me alone it would be impossible. My wife is a power earner so she makes my life much easier
As I said for me alone it would be impossible. My wife is a power earner so she makes my life much easier
This post was edited on 10/18/23 at 1:02 pm
Posted on 10/18/23 at 1:01 pm to JohnnyKilroy
You’re right. Just looked it up online. Haven’t checked in a few years.
And I know young people in my industry now that make well more than twice what I did then. New hires with no experience make what I was making then after 6 good years.
And I know young people in my industry now that make well more than twice what I did then. New hires with no experience make what I was making then after 6 good years.
Posted on 10/18/23 at 1:02 pm to SquatchDawg
Grandpa, those young people spent much more money to learn those skills and are sinking in debt
Posted on 10/18/23 at 1:03 pm to fareplay
quote:
I wish it was something fancy but it’s just split ac.
That HVAC person bent you over and took you hard. Did you get more than one quote?
Posted on 10/18/23 at 1:03 pm to stout
quote:
stout
Bro you are arguing with a babytac clone
Posted on 10/18/23 at 1:04 pm to JohnnyKilroy
quote:
Bro you are arguing with a babytac clone
I can't fathom how someone can be so dumb if he is being honest with what he is saying.
Posted on 10/18/23 at 1:04 pm to stout
I got 7 quotes ranging from 38K to 53K
Posted on 10/18/23 at 1:06 pm to stout
quote:
Here is one for $389K in Graywood
LINK
One right by the CC in Lake Charles for $319K
you'd know better than i would but i'd guess LC area has a decent amount of new home inventory over the last decade or so with all the plant work.
Posted on 10/18/23 at 1:06 pm to fareplay
Not sure if you guys ever had to install a brand new system on a old house but here you go
This post was edited on 10/18/23 at 1:08 pm
Posted on 10/18/23 at 1:07 pm to fareplay
I have 3 units I will replace next year. Not small units either. 2 are 3 tons and 1 is 4 tons but all in all 3 won't cost me that.
Not sure WTF sort of unit you got
Not sure WTF sort of unit you got
Posted on 10/18/23 at 1:08 pm to stout
Our house was using window units because older houses in MA were not meant for central or split systems.
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