intentional overextension

[Eugene]

[quote=temeculaguy]
Hey, here’s a novel idea, buy a house that you can afford on the 125k and then if you keep the second income, live like a rockstar or pay off the house in just a few years, underextending is the new black. [/quote]

Sometimes underextending is not an option.

Try to find a place for two years your pay (or his pay) that will have room for 3 kids, rank 8 schools all through (I’m not even asking for rank 10), within 45 min commute from Sorrento Valley. You can’t. You’ll start seeing options for 3x pay; you’ll only get a good selection of houses that don’t look like they are going to fall apart if you rise the bar to 4x pay; if you want new rather than 30-year-old, you need to go to 5x pay.

I do agree that spending 800k is not necessary.

[Coronita]

Last comment scaredycat….

You really don’t want to overextend yourself and backfire….Afterall, you don’t want to end up being the talk of the town on piggington after someone here picks up your home 50% off or be the next case study on oc renter’s blog 🙂

[Coronita]

Last comment scaredycat….

You really don’t want to overextend yourself and backfire….Afterall, you don’t want to end up being the talk of the town on piggington after someone here picks up your home 50% off or be the next case study on oc renter’s blog 🙂

[Coronita]

Last comment scaredycat….

You really don’t want to overextend yourself and backfire….Afterall, you don’t want to end up being the talk of the town on piggington after someone here picks up your home 50% off or be the next case study on oc renter’s blog 🙂

[Coronita]

Last comment scaredycat….

You really don’t want to overextend yourself and backfire….Afterall, you don’t want to end up being the talk of the town on piggington after someone here picks up your home 50% off or be the next case study on oc renter’s blog 🙂

[Coronita]

Last comment scaredycat….

You really don’t want to overextend yourself and backfire….Afterall, you don’t want to end up being the talk of the town on piggington after someone here picks up your home 50% off or be the next case study on oc renter’s blog 🙂

[scaredyclassic]

i wouldnt really do it. im too scared even thinking about it.

[scaredyclassic]

i wouldnt really do it. im too scared even thinking about it.

[scaredyclassic]

i wouldnt really do it. im too scared even thinking about it.

[scaredyclassic]

i wouldnt really do it. im too scared even thinking about it.

[scaredyclassic]

i wouldnt really do it. im too scared even thinking about it.

[jpinpb]

[quote=temeculaguy]FHA loans have a cieling, not sure but it was 417k, it’s usually at or below conforming.
[/quote]

I think they raised the FHA to 6 something

[jpinpb]

[quote=temeculaguy]FHA loans have a cieling, not sure but it was 417k, it’s usually at or below conforming.
[/quote]

I think they raised the FHA to 6 something

[jpinpb]

[quote=temeculaguy]FHA loans have a cieling, not sure but it was 417k, it’s usually at or below conforming.
[/quote]

I think they raised the FHA to 6 something

[jpinpb]

[quote=temeculaguy]FHA loans have a cieling, not sure but it was 417k, it’s usually at or below conforming.
[/quote]

I think they raised the FHA to 6 something

[Author]

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