How much would you want to make for a certain house? - GoFuckYourself.com

Sosa · 06-27-2005, 03:15 PM

Just wondering what most of you would want to be making yearly after taxes to buy a 250-300k house? Something that you could plan on making that much for quite a while. Or I should say, atleast that much.

Sly · 06-27-2005, 03:17 PM

Sometimes I forget that $250,000 houses still exist, haha. You are lucky!

Sosa · 06-27-2005, 03:19 PM

Ya I know, I found a nice place right now but it is over what I wanted to spend right now. 200k here gets something pretty nice. One for sale right now is nice, own shop with 3 car garage, 2 acres of land , 5 bedrooms etc.

BradShaw · 06-27-2005, 03:21 PM

I paid cash for my first house, $233k.

After Shock Media · 06-27-2005, 03:24 PM

Depends on the types of interest rates you can get.
I would never want my mortgage payments+insurance to be more than 1/5th of my monthly income, some however are content with it taking up 1/3rd to 1/2 of their income.

I am not talking about interest only mortgages either.

Sosa · 06-27-2005, 03:25 PM

Quote:

Originally Posted by BradShaw

I paid cash for my first house, $233k.

Most of us can't do that though. Sure would be nice.

Sosa · 06-27-2005, 03:27 PM

Quote:

Originally Posted by After Shock Media

Depends on the types of interest rates you can get.
I would never want my mortgage payments+insurance to be more than 1/5th of my monthly income, some however are content with it taking up 1/3rd to 1/2 of their income.

I am not talking about interest only mortgages either.

Ya interest will def have to be involved. Right now the way I see it I don't even want to be putting a third of my income into one property. 1/5th sounds pretty good though.

Sosa · 06-27-2005, 04:33 PM

any other input

stevo · 06-27-2005, 05:55 PM

How much down payment do you want to pay?
Whats your interest rate?

Try using a mortgage calculator, but include closing costs / taxes / insurance / etc...

If you make 3-4k towards the house a month you should be fine...

crockett · 06-27-2005, 06:06 PM

Quote:

Originally Posted by BradShaw

I paid cash for my first house, $233k.

yet you still can't hire a decant server admin..

reynold · 06-27-2005, 06:10 PM

$250,000, but I guess it will be way below my ideal hub..

adonthenet · 06-27-2005, 07:34 PM

this amount is good.

tungsten · 06-27-2005, 07:40 PM

Quote:

Originally Posted by adonthenet

this amount is good.

great reply

reynold · 06-27-2005, 08:47 PM

$300-400k will be good enough for me.

Sosa · 06-27-2005, 09:10 PM

lol so your saying you would want to make 300-400k a year to pay 250-300k on a house?

Marcus · 06-27-2005, 09:20 PM

Id think you'd want to make at least $60k a year to buy a $250-300k house.
A $300k mortgage with 5% down will have you paying ball park $1,800/month for piti, which is reasonably comfortable on a $60k a year salary. another $100'ish month for pmi

Theres so many little things that fuck up in a house so you should have extra monty to pay for it.

You cant even get a 1 bed 1 bath shitbox in my area for under $300k, so if you see something under $300k go for it

Sosa · 06-27-2005, 10:47 PM

Quote:

Originally Posted by Marcus

Id think you'd want to make at least $60k a year to buy a $250-300k house.
A $300k mortgage with 5% down will have you paying ball park $1,800/month for piti, which is reasonably comfortable on a $60k a year salary. another $100'ish month for pmi

Theres so many little things that fuck up in a house so you should have extra monty to pay for it.

You cant even get a 1 bed 1 bath shitbox in my area for under $300k, so if you see something under $300k go for it

Here in this part of Nebraska 250-300k and I can pry get something nice custom built. I would def want to be making more then 60k/year for that big of loan though. If that was the case, I would be living in that new house right now.

FilthyRob · 06-27-2005, 10:48 PM

Quote:

Originally Posted by Sly

Sometimes I forget that $250,000 houses still exist, haha. You are lucky!

No kidding, there are none here in OC.

06-27-2005, 03:15 PM	#1
Sosa In Tushy Land Join Date: Oct 2002 Location: Nebraska Posts: 40,149	How much would you want to make for a certain house? Just wondering what most of you would want to be making yearly after taxes to buy a 250-300k house? Something that you could plan on making that much for quite a while. Or I should say, atleast that much.

06-27-2005, 03:17 PM	#2
Sly Let's do some business! Industry Role: Join Date: Sep 2004 Location: Austin, TX Posts: 31,349	Sometimes I forget that $250,000 houses still exist, haha. You are lucky! __________________ Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted Windows VPS now available Great for TSS, Nifty Stats, remote work, virtual assistants, etc. Click here for more details.

06-27-2005, 03:21 PM	#4
BradShaw Confirmed User Join Date: Oct 2001 Location: KB's trailer Posts: 7,840	I paid cash for my first house, $233k. __________________ Sig too big http://www.gofuckyourself.com/gfy_faqs.html Want to use a large banner in your sig??? Contact Eric about getting on as an advertiser - eric AT adult.com

06-27-2005, 03:24 PM	#5
After Shock Media It's coming look busy Join Date: Mar 2001 Location: "Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn". Posts: 35,299	Depends on the types of interest rates you can get. I would never want my mortgage payments+insurance to be more than 1/5th of my monthly income, some however are content with it taking up 1/3rd to 1/2 of their income. I am not talking about interest only mortgages either. __________________ [email protected] ICQ:135982156 AIM: Aftershockmed1a MSN: [email protected]

06-27-2005, 03:19 PM	#3
Sosa In Tushy Land Join Date: Oct 2002 Location: Nebraska Posts: 40,149	Ya I know, I found a nice place right now but it is over what I wanted to spend right now. 200k here gets something pretty nice. One for sale right now is nice, own shop with 3 car garage, 2 acres of land , 5 bedrooms etc.

06-27-2005, 04:33 PM	#8
Sosa In Tushy Land Join Date: Oct 2002 Location: Nebraska Posts: 40,149	any other input

06-27-2005, 05:55 PM	#9
stevo Confirmed User Join Date: Aug 2002 Location: Orlando, Florida Posts: 2,051	How much down payment do you want to pay? Whats your interest rate? Try using a mortgage calculator, but include closing costs / taxes / insurance / etc... If you make 3-4k towards the house a month you should be fine...

06-27-2005, 06:10 PM	#11
reynold Too lazy to set a custom title Join Date: Oct 2002 Location: Global Traveler Posts: 51,271	$250,000, but I guess it will be way below my ideal hub..

06-27-2005, 07:34 PM	#12
adonthenet Too lazy to set a custom title Join Date: Feb 2005 Posts: 16,753	this amount is good.

06-27-2005, 08:47 PM	#14
reynold Too lazy to set a custom title Join Date: Oct 2002 Location: Global Traveler Posts: 51,271	$300-400k will be good enough for me.

06-27-2005, 09:10 PM	#15
Sosa In Tushy Land Join Date: Oct 2002 Location: Nebraska Posts: 40,149	lol so your saying you would want to make 300-400k a year to pay 250-300k on a house?

06-27-2005, 09:20 PM	#16
Marcus Confirmed User Industry Role: Join Date: Jul 2001 Posts: 3,472	Id think you'd want to make at least $60k a year to buy a $250-300k house. A $300k mortgage with 5% down will have you paying ball park $1,800/month for piti, which is reasonably comfortable on a $60k a year salary. another $100'ish month for pmi Theres so many little things that fuck up in a house so you should have extra monty to pay for it. You cant even get a 1 bed 1 bath shitbox in my area for under $300k, so if you see something under $300k go for it