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re: In the market for a house...
Posted on 5/8/24 at 11:16 am to Epic Cajun
Posted on 5/8/24 at 11:16 am to Epic Cajun
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.
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 on 5/8/24 at 11:21 am to GeauxGriff
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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