[sdcellar]

[quote=nocommonsense][quote=vonbeeler]I live just Southwest of you and the quality of life for my family is priceless for me. [/quote]

Thanks! You hit the nail on the head. That’s the main driver for our purchase.[/quote]

Hey vonbeeler, I remember you. I have to say I wonder why you’re here. Why squander precious quality time with us losers? It would make more sense to me if your were a long time member of the community, but you’re fairly new. If I were settled into my nice new shiny place that I loved, the last thing I’d do is watch the market and follow RE blogs. I guess you can count me in the ignorance is bliss club.

Back to the topic at hand, I don’t think anybody on this thread was searching for negatives. The OP admitted they were stretching themselves and folks were trying to help assess exactly how far that might be (as in too far because that’s all that matters). It wasn’t until fairly late in the thread that we even got to what the true DTI was. I assure you that if this guy’s salary was $95K a year, it would be a big mistake. At what it actually is, not as bad, but still worthy of some serious introspection.

Nobody told him it wasn’t the time to buy or that he should wait, rather some simply suggested he might want to seek something more modest (which would still be pretty damn nice, btw). What’s wrong with that, exactly?

[sdcellar]

and we can be just as emotional as you!

sniff, sniff.

[sdcellar]

and we can be just as emotional as you!

sniff, sniff.

[sdcellar]

and we can be just as emotional as you!

sniff, sniff.

[sdcellar]

and we can be just as emotional as you!

sniff, sniff.

[sdcellar]

and we can be just as emotional as you!

sniff, sniff.

[sdcellar]

Then your DTI is probably something more like 33% (I think). That’s not so bad. Your risk is that you’re single income, so where would you be if you suffered, say, a six month jobless stint? Ideally, you’d be able to set aside some reserves, but not sure if you can, given the challenge in getting the loan down to $417K. Normally, I’m a pretty optimistic guy, but I’d make sure you hold on to some cash. Maybe that’s your plan. If so, good.

As far as “comps” are concerned, if I’m guessing which house you’re talking about correctly, there is something of a comp nearby that is $60K less. The lot might be a bit smaller and no pool, but a comp nonetheless (maybe use it to your negotiating advantage). M-R seems higher too (~$200), which is a little surprising. It also needs more work, I’m pretty sure.

[sdcellar]

Then your DTI is probably something more like 33% (I think). That’s not so bad. Your risk is that you’re single income, so where would you be if you suffered, say, a six month jobless stint? Ideally, you’d be able to set aside some reserves, but not sure if you can, given the challenge in getting the loan down to $417K. Normally, I’m a pretty optimistic guy, but I’d make sure you hold on to some cash. Maybe that’s your plan. If so, good.

As far as “comps” are concerned, if I’m guessing which house you’re talking about correctly, there is something of a comp nearby that is $60K less. The lot might be a bit smaller and no pool, but a comp nonetheless (maybe use it to your negotiating advantage). M-R seems higher too (~$200), which is a little surprising. It also needs more work, I’m pretty sure.

[sdcellar]

Then your DTI is probably something more like 33% (I think). That’s not so bad. Your risk is that you’re single income, so where would you be if you suffered, say, a six month jobless stint? Ideally, you’d be able to set aside some reserves, but not sure if you can, given the challenge in getting the loan down to $417K. Normally, I’m a pretty optimistic guy, but I’d make sure you hold on to some cash. Maybe that’s your plan. If so, good.

As far as “comps” are concerned, if I’m guessing which house you’re talking about correctly, there is something of a comp nearby that is $60K less. The lot might be a bit smaller and no pool, but a comp nonetheless (maybe use it to your negotiating advantage). M-R seems higher too (~$200), which is a little surprising. It also needs more work, I’m pretty sure.

[sdcellar]

Then your DTI is probably something more like 33% (I think). That’s not so bad. Your risk is that you’re single income, so where would you be if you suffered, say, a six month jobless stint? Ideally, you’d be able to set aside some reserves, but not sure if you can, given the challenge in getting the loan down to $417K. Normally, I’m a pretty optimistic guy, but I’d make sure you hold on to some cash. Maybe that’s your plan. If so, good.

As far as “comps” are concerned, if I’m guessing which house you’re talking about correctly, there is something of a comp nearby that is $60K less. The lot might be a bit smaller and no pool, but a comp nonetheless (maybe use it to your negotiating advantage). M-R seems higher too (~$200), which is a little surprising. It also needs more work, I’m pretty sure.

[sdcellar]

Then your DTI is probably something more like 33% (I think). That’s not so bad. Your risk is that you’re single income, so where would you be if you suffered, say, a six month jobless stint? Ideally, you’d be able to set aside some reserves, but not sure if you can, given the challenge in getting the loan down to $417K. Normally, I’m a pretty optimistic guy, but I’d make sure you hold on to some cash. Maybe that’s your plan. If so, good.

As far as “comps” are concerned, if I’m guessing which house you’re talking about correctly, there is something of a comp nearby that is $60K less. The lot might be a bit smaller and no pool, but a comp nonetheless (maybe use it to your negotiating advantage). M-R seems higher too (~$200), which is a little surprising. It also needs more work, I’m pretty sure.

[sdcellar]

Men don’t have dream houses? I better get my testosterone level checked…

🙂

[sdcellar]

Men don’t have dream houses? I better get my testosterone level checked…

🙂

[sdcellar]

Men don’t have dream houses? I better get my testosterone level checked…

🙂

[sdcellar]

Men don’t have dream houses? I better get my testosterone level checked…

🙂

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