- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Is This Really How People Decide How Much House They Need?
Posted on 1/30/15 at 11:44 pm to lsu xman
Posted on 1/30/15 at 11:44 pm to lsu xman
quote:
How much household salary is needed for a $350K+ house?
Depends on how much other debt you have (like student loans), what kind of cars you finance, how much help you have from your parents, how many dependents you have, if they go to private school, extra curricular activities, if you're in a flood zone (insurance), interest rates, and how much taxes are on that property, how much down payment you have, etc.
Just a rough estimate is that many families making $160k/yr could afford a $350k home with 5% down. I've seen people who make ~$115k pull it off because they wanted to keep up with the Jones and I'm sure they were house poor. That might not be doable in Texas because the property tax bill would be like $10k/yr.
Some of these suburbs in Texas where people buy homes are really far away from the main city's downtown so they can likely get a 2800 sq ft home for less than $350k. I think the OP mentioned Lakewood which is pretty expensive, doe.
This post was edited on 1/30/15 at 11:48 pm
2
Posted on 1/31/15 at 12:02 am to Asgard Device
My brother's wife's family lives in Plano, TX.
They are in a house that would easily run 500K+ in B.R for around 300K I believe.
They are in a house that would easily run 500K+ in B.R for around 300K I believe.
Posted on 1/31/15 at 3:39 am to Asgard Device
Just bought in the woodlands and the space in these houses was obnoxious. Second living rooms and extra master suites. But the build quality was very meh. Lots of carpet and crappy cabinets. They texture all the drywall here (when I asked the real estate agent if we can look at houses without it she seemed confused. I don't think she realized that was a cheaper way to finish drywall). Finally we found a house with hardwood floors, single story, real wood cabinets, etc., but it cost about 25k more. We're in 2400 sq. ft which isnt small to me. Its perfect and spacious for a family of 4. Most houses were around 3000 sq ft for a 4 bdrm.
Page 1 of 1
Back to top
Follow TigerDroppings for LSU Football News