800k loan on 100k salary is not only unreasonable it’s not possible to be approved in today’s market. A 500k purchase with 200k down is a 300k loan and close to half of your take home pay, so that’s your ceiling. If she can’t understand that and wait for either the prices to come down or your income to go up, you have two options. Tell her to get a 100k job and find another 200k cash or re-evaluate the statement “short of a divorce.”

800k loan on 100k salary is not only unreasonable it’s not possible to be approved in today’s market. A 500k purchase with 200k down is a 300k loan and close to half of your take home pay, so that’s your ceiling. If she can’t understand that and wait for either the prices to come down or your income to go up, you have two options. Tell her to get a 100k job and find another 200k cash or re-evaluate the statement “short of a divorce.”

800k loan on 100k salary is not only unreasonable it’s not possible to be approved in today’s market. A 500k purchase with 200k down is a 300k loan and close to half of your take home pay, so that’s your ceiling. If she can’t understand that and wait for either the prices to come down or your income to go up, you have two options. Tell her to get a 100k job and find another 200k cash or re-evaluate the statement “short of a divorce.”

What about renting the million dollar home she wants until you have enough time to research areas you would like to live in and the market. At that time, prices will fall a little more and maybe you can afford the home of her dreams (it’ll just be a few hundred thousand less).

What about renting the million dollar home she wants until you have enough time to research areas you would like to live in and the market. At that time, prices will fall a little more and maybe you can afford the home of her dreams (it’ll just be a few hundred thousand less).

Look at your overall financial picture, not just your address. If you live in a “second tier” neighborhood you will have more money for other things including travel, investing, eating out, retiring at an earlier age, etc. Make her understand that it’s not what she’s giving up in housing, it’s about what she’s gaining in everything else.

Look at your overall financial picture, not just your address. If you live in a “second tier” neighborhood you will have more money for other things including travel, investing, eating out, retiring at an earlier age, etc. Make her understand that it’s not what she’s giving up in housing, it’s about what she’s gaining in everything else.