[quote=AK]
With a wife and baby, a $250K mortgage might be pushing it just a little tiny bit, but in my opinion that’s not too far off.
[/quote]
My wife makes c. $58k, and a $190k mortgage @ 5-5.25% is pushing it when you factor in property tax, trash/water/sewer, higher utilities vs. an apartment, etc.
The OP should run, not walk, to the nearest Office Depot/Staples/Fry’s and buy a good financial calculator. My HP-12C has paid for itself many times over in financial education value.
[quote]I’m of the opinion that the lower end of the market has been bouncing and skidding off the bottom for the past few months.[/quote]
In the da ‘hood, maybe, but I haven’t seen anything near a bottom elsewhere.
