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re: House = (x)household income

Posted on 8/10/15 at 4:10 pm to
Posted by lsupride87
Member since Dec 2007
96359 posts
Posted on 8/10/15 at 4:10 pm to
quote:

house was about $260k, then we put 20% down. Live in BR. Also, we bought it in 2010 when prices were pretty low.
I mean no confusion you are right in line with money talk average

Making 130k, 52k to put down for your first home, no biggie.

This board makes me feel like a piece of shite peasant sometimes
Posted by Toula
504
Member since Dec 2006
35399 posts
Posted on 8/10/15 at 4:15 pm to
If it makes you feel any better, I'm at 1.5x on a house in NOLA and only put 10% down.

But refi'ng now (2.5 years later) to get to a conventional.

My key. My wife works and keeps making more money


Posted by Spirit of Dunson
Member since Mar 2007
23111 posts
Posted on 8/10/15 at 4:16 pm to
quote:

Making 130k, 52k to put down for your first home, no biggie. 
to be fair, I was 30 when I bought my first home. It wasn't really a starter home or anything. We had decent savings from 8 years in the job market beforehand.
Posted by Hawkeye95
Member since Dec 2013
20293 posts
Posted on 8/10/15 at 5:25 pm to
quote:

This board makes me feel like a piece of shite peasant sometimes


its money talk, not poor people talk. Rich people like to talk money. They are not representative of the population at large. If you make 130k, you are doing amazing. Don't let anyone tell you different.
This post was edited on 8/10/15 at 5:29 pm
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