Related Posts
Decided to payoff my mortgage.
More Posts
Hello ,
I am currently working as an consultant for kyndryl as cloud sme with 7b band on lower level 13.5 lakhs. My contract is coming to an end so I contacted my manager was offered an job at same 7b level at 17 lakhs . Should I take the offer , will I have growth in the Company? I have an another offer from hcl 18 lakhs . Kyndryl Inc.
Microsoft CE salary for dc area?
This is why I secretly avoid 1:1s with my manager!

Additional Posts in The Real Estate Bowl
Any Property Management recs in Seattle area? :(
New to Fishbowl?
unlock all discussions on Fishbowl.



These numbers tell a story that you’ve been waiting on the sidelines for a long time, especially if you’ve saved $350k in cash
Two years ago, half the people said a recession was imminent and half the people were saying the economy was extremely robust. The recession truthers went to cash and lost out, and the people who said the economy was robust made investments and are sitting pretty in a robust economy
I know I’m bad at this. That’s why I posted this question for wisdom…
How much do you plan on putting down?
200k/20% unless this does not make sense
If they're actually babies, why are you concerned with school district? Plans, jobs, and lives change. I would consider how realistic it is that you're still there once they start school. Even up until 2nd grade, the school quality isn't that impactful (assuming it's safe).
True and great point
Don’t worry about school district unless they are 2nd-3rd grade. you can easily get 24-30k per year on your 350k saving in HYSA + S&P500. So you can easily rent 3bhk at 4500-5000 per month for longer term. Wait for the interest rate get down in mid 5.3-5.7% it makes a lot of difference in monthly installments.
Not crazy. Do you expect your income to increase? I
I hope so, but it would depend on a lot of factors.
Not crazy, but if the mortgage is more than 30% of your take home pay, it might feel pretty tight
M2- personally, I wouldn’t want it to be higher than that because I enjoy extra free cash flow for other things more important to me. But also live in the Midwest and that’s not hard to do here.
I would pay more for a house with a lower property tax.
$1m in a good school district? Where on the east coast are you? That seems really cheap.
200k hhi with two kids trying to by 1M property? Oof
It’s definitely not impossible, just generate more income
A bit tight but not crazy. Maybe consider renting for longer?
Subject Expert
At what point do they stop renting? The liquidity is there to make the situation comfortable IMO…