If youre bringing in 400k as a family with no kids, I wouldnt even look at price tags. You can pretty much afford anything except those houses that really make you step back and say "damn thats got to be expensive" haha.

I dont usually inclide my wife's salary because I dont want her to have to work if she doesnt want too. So we're at about 2x my income. Includong her drops it down a good bit.

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Posted by donRANDOMnumbers

Hub City

Member since Nov 2006

16942 posts

Posted on 8/11/15 at 12:01 pm to KG6

id love her not to work. but med school and residency aren't really quitable, and then she'll be an OBGYN. so we are playing it by ear.

we have a 5 month old, 2 car notes (trying to dump 1), and she has around $2,100 a month in student loan payments. and her income hasn't begun yet, and i'm not sure when it really will (1 year, 2 years, 3...)
i also want to have play money

so i'm just trying to be smart about it.

my biggest issue is the housing market in Lafayette is redonk for anything custom, or even half custom. and i refuse to be in some DR Horton shite.

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Posted by Hawkeye95

Member since Dec 2013

20293 posts

Posted on 8/11/15 at 12:26 pm to KG6

quote:
If youre bringing in 400k as a family with no kids, I wouldnt even look at price tags. You can pretty much afford anything except those houses that really make you step back and say "damn thats got to be expensive" haha.

I would disagree with that. You will find that the realtor and broker guy are going to try to steer you to the highest priced house, especially if you give no guidelines. Tell them your max, and stick to it. If you tell them your income is 400k, expect to see 1M+ houses

and honestly you need 20% down to get a jumbo loan.

This post was edited on 8/11/15 at 12:28 pm

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