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re: In the market for a house...

Posted on 5/8/24 at 10:27 am to
Posted by Dire Wolf
bawcomville
Member since Sep 2008
36825 posts
Posted on 5/8/24 at 10:27 am to
quote:


At $160k household income you CANNOT afford a $500k house. You will completely ruin your financial future attempting that long term; and that's even if interest rates fall in the future and you refinance.

How did you even land on that number?


my guess is every 3/2 in the area is 500k or more
Posted by fareplay
Member since Nov 2012
4978 posts
Posted on 5/8/24 at 10:28 am to
Idk what the expectation is from posters that say get a cheaper house. Most homes within hour of city is around that much. That’s just the median home price these days.
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