Home › Forums › Closed Forums › Properties or Areas › How much house should I buy?
- This topic has 165 replies, 12 voices, and was last updated 16 years, 5 months ago by
CogSciGuy.
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December 21, 2007 at 7:12 PM #122727December 21, 2007 at 7:18 PM #122494
paramount
ParticipantSome people get a bit carried away with “fiscal conservatism”.
20% down is a nice ideal, but life is not always ideal. I would say at todays prices 5% should be a minimum.
You make a 120k? I always seem to notice that people on this board state these incredible incomes, and yet in my own life I know very few people who make anywhere near 100k.
December 21, 2007 at 7:18 PM #122643ParticipantSome people get a bit carried away with “fiscal conservatism”.
20% down is a nice ideal, but life is not always ideal. I would say at todays prices 5% should be a minimum.
You make a 120k? I always seem to notice that people on this board state these incredible incomes, and yet in my own life I know very few people who make anywhere near 100k.
December 21, 2007 at 7:18 PM #122665ParticipantSome people get a bit carried away with “fiscal conservatism”.
20% down is a nice ideal, but life is not always ideal. I would say at todays prices 5% should be a minimum.
You make a 120k? I always seem to notice that people on this board state these incredible incomes, and yet in my own life I know very few people who make anywhere near 100k.
December 21, 2007 at 7:18 PM #122720ParticipantSome people get a bit carried away with “fiscal conservatism”.
20% down is a nice ideal, but life is not always ideal. I would say at todays prices 5% should be a minimum.
You make a 120k? I always seem to notice that people on this board state these incredible incomes, and yet in my own life I know very few people who make anywhere near 100k.
December 21, 2007 at 7:18 PM #122743ParticipantSome people get a bit carried away with “fiscal conservatism”.
20% down is a nice ideal, but life is not always ideal. I would say at todays prices 5% should be a minimum.
You make a 120k? I always seem to notice that people on this board state these incredible incomes, and yet in my own life I know very few people who make anywhere near 100k.
December 21, 2007 at 7:39 PM #122499NotCranky
ParticipantGood post patient,how quickly we forget. Stealing an idea from Bugs. Buy as much as you are sure you can keep, or at least buy no more than that. In a market like this there is little room for error on this.
December 21, 2007 at 7:39 PM #122646ParticipantGood post patient,how quickly we forget. Stealing an idea from Bugs. Buy as much as you are sure you can keep, or at least buy no more than that. In a market like this there is little room for error on this.
December 21, 2007 at 7:39 PM #122673ParticipantGood post patient,how quickly we forget. Stealing an idea from Bugs. Buy as much as you are sure you can keep, or at least buy no more than that. In a market like this there is little room for error on this.
December 21, 2007 at 7:39 PM #122725ParticipantGood post patient,how quickly we forget. Stealing an idea from Bugs. Buy as much as you are sure you can keep, or at least buy no more than that. In a market like this there is little room for error on this.
December 21, 2007 at 7:39 PM #122747ParticipantGood post patient,how quickly we forget. Stealing an idea from Bugs. Buy as much as you are sure you can keep, or at least buy no more than that. In a market like this there is little room for error on this.
December 21, 2007 at 8:56 PM #122525CogSciGuy
ParticipantCogSciGuy, if you could get a loan for $1 million at a PTI of $2500, would you take it?
Sure, probably. Wouldn’t you? If I’m purchasing a property with a PITI of $2500/month, I bet I could rent it out for many multiples of $2500/month.
Or was there a different point you were trying to make?
December 21, 2007 at 8:56 PM #122670ParticipantCogSciGuy, if you could get a loan for $1 million at a PTI of $2500, would you take it?
Sure, probably. Wouldn’t you? If I’m purchasing a property with a PITI of $2500/month, I bet I could rent it out for many multiples of $2500/month.
Or was there a different point you were trying to make?
December 21, 2007 at 8:56 PM #122695ParticipantCogSciGuy, if you could get a loan for $1 million at a PTI of $2500, would you take it?
Sure, probably. Wouldn’t you? If I’m purchasing a property with a PITI of $2500/month, I bet I could rent it out for many multiples of $2500/month.
Or was there a different point you were trying to make?
December 21, 2007 at 8:56 PM #122751ParticipantCogSciGuy, if you could get a loan for $1 million at a PTI of $2500, would you take it?
Sure, probably. Wouldn’t you? If I’m purchasing a property with a PITI of $2500/month, I bet I could rent it out for many multiples of $2500/month.
Or was there a different point you were trying to make?
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