- 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: How much would you have to make
Posted on 7/11/12 at 3:57 pm to GeauxFester
Posted on 7/11/12 at 3:57 pm to GeauxFester
Sorry I didnt answer sooner. Internet over here in Afghan is sporatic @ best.
Yes, Its gonna be a large house. I might just have to scale our choices back a bit to maybe 350,000. I forgot how much you pay in Prop taxes over there.
I'm hoping to put down 20% if I can get that much saved in the time I'm over here.
I dont understand how the mortgage calcs can say I can get 700,000 with our incomes.
Yes, Its gonna be a large house. I might just have to scale our choices back a bit to maybe 350,000. I forgot how much you pay in Prop taxes over there.
I'm hoping to put down 20% if I can get that much saved in the time I'm over here.
I dont understand how the mortgage calcs can say I can get 700,000 with our incomes.
1
Posted on 7/11/12 at 4:30 pm to LordSnow
quote:
I dont understand how the mortgage calcs can say I can get 700,000 with our incomes.
So I'm guessing you make around 150k. which means take home should be around 7-8k a month after taxes/IRA/401k contributions.
Property taxes on 450k where I live would be $2600 a year, add $1000 for ins.
with 20% down, you'd be around $1940.00 a month including taxes and insurance where I live on a 450k house.
700k with 20% down would be in the $3300.00 a month range. Before taxes 25% of 12000k gross a month is 3000.00. That is why you'd qualify for 700k, 25% of gross is what you can qualify for on a home typically with good credit.
But always know your prop taxes and insurance for your area, as well as your lifestyle
This post was edited on 7/11/12 at 4:32 pm
Posted on 7/12/12 at 7:09 am to ItNeverRains
quote:in round rock, it could be like 15k+ for a year
Property taxes on 450k where I live would be $2600 a year, add $1000 for ins
Posted on 7/12/12 at 8:24 am to Pilot Tiger
could be 5k or 20k less than a mile down the road on the same house
Posted on 7/12/12 at 9:14 pm to yellowfin
Where's tHat fin?
Posted on 7/13/12 at 6:22 am to LordSnow
you can find out on zillow if you look up properties. they have the yearly property tax assessments on it
Posted on 7/13/12 at 6:50 am to LordSnow
It was like that in the Houston burbs so I assume Austin would be the same
Posted on 7/13/12 at 8:06 am to yellowfin
This post was edited on 8/7/12 at 7:06 pm
Posted on 7/13/12 at 8:15 am to TDRAOOC
a half million dollar home? 
id want to make at least 300k before I would think about it. we are over 200k and the thought of buying something excessive like that wouldnt even cross my mind. Im sure it is very nice, but I would prefer to use the money on other stuff like vacations to enjoy life more. just my opinion, but im not the type that needs to impress people.
id want to make at least 300k before I would think about it. we are over 200k and the thought of buying something excessive like that wouldnt even cross my mind. Im sure it is very nice, but I would prefer to use the money on other stuff like vacations to enjoy life more. just my opinion, but im not the type that needs to impress people. Posted on 7/13/12 at 8:42 am to diat150
quote:a 450k home on a combined 200k/year salary is not excessive
we are over 200k and the thought of buying something excessive like that
you could afford that easily and still go on vacations. Unless you just really suck at managing your money
Posted on 7/13/12 at 8:49 am to diat150
(no message)
This post was edited on 8/7/12 at 7:07 pm
Posted on 7/13/12 at 9:53 am to diat150
quote:
a half million dollar home? id want to make at least 300k before I would think about it. we are over 200k and the thought of buying something excessive like that wouldnt even cross my mind. Im sure it is very nice, but I would prefer to use the money on other stuff like vacations to enjoy life more. just my opinion, but im not the type that needs to impress people.
Pretend you don't live in the booming metropolis of opelousas. Pretend that a 3 bedroom apartment where you lived rented for $2000 a month. Then pretend you could buy a 500k house and with 20% down you could pay the same towards a mortgage as rent in that area. Then pretend your kids could go to public school because that 500k house has 4 public schools in the top 1000 schools in America in that county.
All this while you don't have to live in Opelousas. Although I absolutely understand taking as many vacations as possible, living there I would do the same.
Just my opinion
Posted on 7/13/12 at 10:18 am to ItNeverRains
When I'm not at work, I spend the majority of my time at home. Why not be comfortable at the place you spend most of your time away from work at? 
Posted on 7/13/12 at 10:20 am to Pilot Tiger
quote:
a 450k home on a combined 200k/year salary is not excessive
you could afford that easily and still go on vacations. Unless you just really suck at managing your money
its not about affording it. im sure someone can make it work if they wanted to. it just doesnt seem smart to tie up that much of your income on a home. once you calculate the amount of taxes and insurance and upkeep you will pay on a home like that, I just think it is beyond what someone that makes 200k should spend. obviously in some parts of the country, you dont have a choice, but 99% of texas isnt one of them.
Posted on 7/13/12 at 10:28 am to JWS3
property taxes arent that much. they are higher in TX but their isnt a state income tax. it all evens out.
Round Rock is a great area and around tons of stuff to do. Good luck
Round Rock is a great area and around tons of stuff to do. Good luck
Posted on 7/13/12 at 10:32 am to dallastiger55
just checked and it looks like there are a ton of nice homes for much less than 450k.
you couldnt even get something this nice for 160k in opelousas.
LINK
you couldnt even get something this nice for 160k in opelousas.
LINK
Posted on 7/13/12 at 10:42 am to HeadyMurphey
quote:
BR is also overpriced in my opinion. 450K just down the road in the Central area would get you more house than you know what to do with. In LP, you could easily get acres and a large house.
BR is cheap compared to the rest of the country by practically every criteria with housing costs being one of the cheapest.
450k could get you anywhere from a Mansion on a lake to a shack depending on the city. It is all relative.
Posted on 7/13/12 at 10:43 am to diat150
quote:well according to you it's tying up
it just doesnt seem smart to tie up that much of your income on a home.
to anyone with any kind of financial sense(which i would hope given a combined 200k+ income), it's really not.
200k income could get you an 800k house in many areas. THAT may be tying your money up.
Posted on 7/13/12 at 10:43 am to diat150
quote:yea but then you'd have to live in opelousas
you couldnt even get something this nice for 160k in opelousas
Posted on 7/13/12 at 10:47 am to Pilot Tiger
DC housing prices are out of control.
Page 3 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News