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re: Going against the grain: purchasing a reasonable home versus the OT special
Posted on 3/23/15 at 8:42 pm to CharlesLSU
Posted on 3/23/15 at 8:42 pm to CharlesLSU
I'm buying a house soon at 40% of what I was approved for. Fixer house on a badass piece of property.
I'm a 25 year old single guy. I could live in a refrigerator box.
I'm a 25 year old single guy. I could live in a refrigerator box.
Posted on 3/23/15 at 8:47 pm to DownshiftAndFloorIt
This thread is full of intelligence.
No joke.
I am currently trying to sell my 5000 sq ft house and downsize to something I can pay off with cash.
Don't buy too much house. My house is still only 30% of what I take home but it's the biggest expense I have. I hate it. Too much upkeep, too much lawn, too much furniture, and too much headache.
Wife and I want something in the 2400 sq foot range. It's gonna happen soon.
Can't wait.
No joke.
I am currently trying to sell my 5000 sq ft house and downsize to something I can pay off with cash.
Don't buy too much house. My house is still only 30% of what I take home but it's the biggest expense I have. I hate it. Too much upkeep, too much lawn, too much furniture, and too much headache.
Wife and I want something in the 2400 sq foot range. It's gonna happen soon.
Can't wait.
This post was edited on 3/23/15 at 8:48 pm
Posted on 3/23/15 at 8:50 pm to DownshiftAndFloorIt
I had never heard of the 15% of gross ratio. If I count my bonus income, we're at 10%, if not, 13%. I had some debt from my first marriage, so we went conservative. I just paid that off and am getting a promo, so we are in good shape.
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