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re: How much would you have to make
Posted on 7/10/12 at 12:01 pm to HeadyMurphey
Posted on 7/10/12 at 12:01 pm to HeadyMurphey
quote:
I can't ever imagine spending that much on a house
Depends where you live. $450k doesn't get you all that much around here.
1
Posted on 7/10/12 at 12:08 pm to bryso
quote:
Principal and interest
quote:
not the only costs to home ownership
Thanks captain obvious.
quote:
I can't ever imagine spending that much on a house. I am a simple guy. I would have to make that per year before spent that much.
Median house price in my school district is 400k. All about location
This post was edited on 7/10/12 at 12:17 pm
Posted on 7/10/12 at 12:15 pm to VABuckeye
quote:Yep, all depends on the neighborhood. That gets you a normal size house in Old Metairie/Uptown but will get you something almost twice as big in Kenner or Westbank.
Depends where you live. $450k doesn't get you all that much around here.
Posted on 7/10/12 at 12:17 pm to JWS3
quote:
You can't say a house in BR is overpriced because a similar house is cheaper in LP, or Central, only 3 things matter in in real estate, "location, location, location".
I am not saying it is. Compare BR to other similar cities. You will find your answer there.
Posted on 7/10/12 at 12:23 pm to HeadyMurphey
What price per sq. ft. do you find to be reasonable? Assume a normally sized lot in EBR.
Posted on 7/10/12 at 12:30 pm to HeadyMurphey
quote:
I am not saying it is. Compare BR to other similar cities. You will find your answer there.
If i lived in BR i'd have to figure in 12 years private school tuition for two kids for...education. Where i live i put that towards a house.
Posted on 7/10/12 at 12:34 pm to Athanatos
Just all depends on quality of the home. Me personally, I would not spend over 150. But I also don't think I would ever need anything over 2000 Sq ft.
Posted on 7/10/12 at 12:35 pm to ItNeverRains
Fair enough.
Posted on 7/10/12 at 1:24 pm to iknowmorethanyou
quote:
ut we're getting 3.375 30yr with no points
Do you mind me asking where this was and what was the closing costs?
Posted on 7/10/12 at 1:36 pm to HeadyMurphey
quote:
I can't ever imagine spending that much on a house. I am a simple guy. I would have to make that per year before spent that much.
I guess you plan on living in some shitbox houses in crappy places if your max price is your yearly salary.
Posted on 7/10/12 at 2:04 pm to lsu6294
quote:
I guess you plan on living in some shitbox houses in crappy places if your max price is your yearly salary.
That is what you got out of my post? Read it again, I said that the only way I would spend 450K is if I made 450K. Right now, I live in a house that is double my salary.
My personal opinion is that in Round Rock, Texas, where the median home price is in the 150s, 450K is quite excessive. Different strokes for different folks, but he did ask our opinion
Posted on 7/10/12 at 3:18 pm to HeadyMurphey
I'm sure he's paying a 1% origination.
Posted on 7/10/12 at 4:05 pm to yellowfin
I just ran the numbers ona similarly priced house in Houston...taxes would have been about $13,000 per year...plus a bigger house means higher insurance, conservatively a house like that will cost about $3000 per year to insure, maybe more if you have a pool...
also have to think about higher electric and total maintenance costs. I would say $200k per year is minimum if you have no more than 2 kids
also have to think about higher electric and total maintenance costs. I would say $200k per year is minimum if you have no more than 2 kids
Posted on 7/10/12 at 4:05 pm to guttata
I got 3.625 0/0 on 30. And builder is paying all closing costs per contract.
Posted on 7/10/12 at 4:08 pm to ItNeverRains
that is a good deal no matter how you cut it. congrats
Posted on 7/10/12 at 4:14 pm to Tiger Ryno
quote:
conservatively a house like that will cost about $3000 per year to insure, maybe more if you have a pool...
Thanks
My dwelling just appraised for 465,000, yearly insurance (no flood) with car discount thru Lib Mutual is 1457.00
Are you figuring in flood/hurricane/zombie coverage?
This post was edited on 7/10/12 at 4:15 pm
Posted on 7/10/12 at 4:23 pm to ItNeverRains
quote:
I got 3.625 0/0 on 30. And builder is paying all closing costs per contract.
Good lord that's pretty sweet
Posted on 7/11/12 at 7:31 am to ItNeverRains
quote:Very nice, was it somewhere local?
I got 3.625 0/0 on 30. And builder is paying all closing costs per contract.
Posted on 7/11/12 at 8:42 am to saderade
Yep, local banks are killing the big banks here. I know another local bank and our in house lender (mortgage company) that can give that rate. Just got m in laws re-fied on 15 at 2.875 yesterday through in house.
Posted on 7/11/12 at 11:16 am to LordSnow
That's a whole lot of skrilla for a house in Round Rock.
On the subject though, my wife and I are in a similar situation in CA, 20% down, 5.0 APR and we're not even that comfortable at 200k/yr. Never, never let your house own you.
On the subject though, my wife and I are in a similar situation in CA, 20% down, 5.0 APR and we're not even that comfortable at 200k/yr. Never, never let your house own you.
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