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sdnerd
ParticipantWhat are the purchase prices?
If you re-financed the condo, it’s almost surely recourse now. Have you re-financed the house and/or do you enjoy living in the house?
How far under-water you are makes a difference on the advice you are going to get most likely. You are probably going to get creamed on the Condo, but the house may not bee too horrible depending on what you actually paid in ’07.
More details.
ParticipantWhat are the purchase prices?
If you re-financed the condo, it’s almost surely recourse now. Have you re-financed the house and/or do you enjoy living in the house?
How far under-water you are makes a difference on the advice you are going to get most likely. You are probably going to get creamed on the Condo, but the house may not bee too horrible depending on what you actually paid in ’07.
More details.
ParticipantWhat are the purchase prices?
If you re-financed the condo, it’s almost surely recourse now. Have you re-financed the house and/or do you enjoy living in the house?
How far under-water you are makes a difference on the advice you are going to get most likely. You are probably going to get creamed on the Condo, but the house may not bee too horrible depending on what you actually paid in ’07.
More details.
ParticipantWhat are the purchase prices?
If you re-financed the condo, it’s almost surely recourse now. Have you re-financed the house and/or do you enjoy living in the house?
How far under-water you are makes a difference on the advice you are going to get most likely. You are probably going to get creamed on the Condo, but the house may not bee too horrible depending on what you actually paid in ’07.
More details.
ParticipantWhat are the purchase prices?
If you re-financed the condo, it’s almost surely recourse now. Have you re-financed the house and/or do you enjoy living in the house?
How far under-water you are makes a difference on the advice you are going to get most likely. You are probably going to get creamed on the Condo, but the house may not bee too horrible depending on what you actually paid in ’07.
More details.
ParticipantYes, the 401K should be factored in.
So take a couple hundred dollars there each month, and lower the taxes a bit. There’s lots of numbers there that could be adjusted up or down (choice in cars, etc).
Just rough numbers.
ParticipantYes, the 401K should be factored in.
So take a couple hundred dollars there each month, and lower the taxes a bit. There’s lots of numbers there that could be adjusted up or down (choice in cars, etc).
Just rough numbers.
ParticipantYes, the 401K should be factored in.
So take a couple hundred dollars there each month, and lower the taxes a bit. There’s lots of numbers there that could be adjusted up or down (choice in cars, etc).
Just rough numbers.
ParticipantYes, the 401K should be factored in.
So take a couple hundred dollars there each month, and lower the taxes a bit. There’s lots of numbers there that could be adjusted up or down (choice in cars, etc).
Just rough numbers.
ParticipantYes, the 401K should be factored in.
So take a couple hundred dollars there each month, and lower the taxes a bit. There’s lots of numbers there that could be adjusted up or down (choice in cars, etc).
Just rough numbers.
ParticipantYes, absolutely I agree with you.
A couple making $80k does have to put in a lot more effort to save up for a down payment, no questions. But it is doable in a reasonable time period if they are willing to make some sacrifices. I’ve seen several comments from people saying $80k is just scraping by salary, which is why I commented.
In theory over those 3-5 years they were saving that $60k, their income would hopefully be increasing as well as they gained more experience in whatever field they were starting in.
People are now buying 3/2’s in MM for $300-315k; sure they aren’t the nicest places but $60k will get you into a decent starter home now. And prices keep sliding so… 🙂
ParticipantYes, absolutely I agree with you.
A couple making $80k does have to put in a lot more effort to save up for a down payment, no questions. But it is doable in a reasonable time period if they are willing to make some sacrifices. I’ve seen several comments from people saying $80k is just scraping by salary, which is why I commented.
In theory over those 3-5 years they were saving that $60k, their income would hopefully be increasing as well as they gained more experience in whatever field they were starting in.
People are now buying 3/2’s in MM for $300-315k; sure they aren’t the nicest places but $60k will get you into a decent starter home now. And prices keep sliding so… 🙂
ParticipantYes, absolutely I agree with you.
A couple making $80k does have to put in a lot more effort to save up for a down payment, no questions. But it is doable in a reasonable time period if they are willing to make some sacrifices. I’ve seen several comments from people saying $80k is just scraping by salary, which is why I commented.
In theory over those 3-5 years they were saving that $60k, their income would hopefully be increasing as well as they gained more experience in whatever field they were starting in.
People are now buying 3/2’s in MM for $300-315k; sure they aren’t the nicest places but $60k will get you into a decent starter home now. And prices keep sliding so… 🙂
ParticipantYes, absolutely I agree with you.
A couple making $80k does have to put in a lot more effort to save up for a down payment, no questions. But it is doable in a reasonable time period if they are willing to make some sacrifices. I’ve seen several comments from people saying $80k is just scraping by salary, which is why I commented.
In theory over those 3-5 years they were saving that $60k, their income would hopefully be increasing as well as they gained more experience in whatever field they were starting in.
People are now buying 3/2’s in MM for $300-315k; sure they aren’t the nicest places but $60k will get you into a decent starter home now. And prices keep sliding so… 🙂
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