I currently have 1.2M across investments saved and pull in 12k a month, post tax. Not including rent, I’m only spending a total of 1k a month, so I’ve got 11k left each month. When the pandemic is over, my spending will probably go up to about 3k a month if I factor in vacations. How expensive of a home should I feel comfortable buying?

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$3 and the rest to charity

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$600k

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After fees?

Yeah, if your budget is 600k and depends on $% of the downpayment you want to put, you will will probably end paying 2k-3.2k per month(HCOL town).

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Yes, pretty accurate. My SO brings in 14k/mo after taxes, and he put his limit at $500k for a house. He could afford more, but it’s a first home and the goal is to retire early. He ended up purchasing one for $475k, and pays within the range above.

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Age op?

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That makes a lot of sense, thanks. Might require leaving NYC at some point.

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