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re: what are your thoughts on Lakeview?
Posted on 7/25/14 at 12:21 pm to lsupride87
Posted on 7/25/14 at 12:21 pm to lsupride87
quote:
mid 30s and no kids. Affording a 900k house is not that crazy
Lets just assume he has the $180,000 lying around to put down 20%. That makes his loan $720,000. That makes his mortgage only about 3,700 a month. Add in insurance and taxes and we are looking at about a 5,500 monthly payment. Not exactly what I would call affordable for most people in there 30s
This post was edited on 7/25/14 at 12:23 pm
3
Posted on 7/25/14 at 12:22 pm to lsupride87
Yeah but he's an OTer, not an average middle class Louisianian
Posted on 7/25/14 at 12:23 pm to lsupride87
RollTheRock is high dolla' ho. 
Posted on 7/25/14 at 12:25 pm to lsupride87
Maybe it was a bad assumption on my part. I assumed he was presently in a home that he could sell. Take the profit on that sale to put down on the new house (that's the $180k you mentioned). Then if he and his wife made 200k a year (maybe even less) they could swing a 900k home.
This post was edited on 7/25/14 at 12:27 pm
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