My income was last year $450k and this year prob $400k all in. 34 and no family. Would you consider getting a home for $1.3 mil? Tax abated so monthly fee will be about $6k. I want to get a 2 bed in case I have a family in the future, but not sure if I’m stretching myself thin, although the numbers seem to make sense.

funnylike
Posting as :
works at
You are currently posting as works at

You can certainly afford it

like

Same here 170k on a 650k home

like

That’s completely doable. I just did something similar. I’m definitely feeling the pinch but not to a point where I have to adjust my lifestyle.

like

Yeah you can do it. We just spent $800k on about the same combined income as you make and it's tight rn due to furnishing costs but it's super satisfying owning a home.

like

Our HHI was only $310k last year when we bought a place for 1.15m (20% down). Mortgage is $4500, likely to increase to $5k in the next year as property tax valuation catches up with our purchase price and insurance goes up a bit. We are now at $430k HHI and it’s quite comfortable from a spending perspective. We have a walk out basement we don’t use that we might rent out in the future for another $3k/month just so we can ramp up savings even more

like

We live in the mountains out west, so pretty desirable vacation spot. Thinking of turning it into an Airbnb

I’m assuming that my future spouse will work and have some income ($100-200k), though this’ll likely be spent in student loan payment.

Are you dating? Or just imagining a future spouse?

like

How consistent is your annual income?

Relatively consistent. It’ll go up, unless I leave my firm and go in house. Prob $250-350 all in at that point. But good question - I’m considering spending possibly 2-3 years in gov so that’ll make it tough if I buy this.

I live in Houston where property taxes make this too hard imo. My wife and I make around that amount and are in a house we paid 450k for. Then again, that buys you 4,000 sq ft. of space

I'm at 300k and have a house that's ~1.2mm. My monthly is only $4500 though since I put down a significant amount. Zero issues with stretching, though I don't travel as much as some of my colleagues

Where do you live that a 2 br is $1.3m

NYC

like

Related Posts

What is the *prime* amount of money to bring you happiness?

like

What do y’all think of dogecoin? I bought a few hundred dollars worth them last week or so and while other cryptos have been around the same level like BTC ETH, dogecoin has given me good returns (20%

Left a company recently and they cut my notice short. Left with an outstanding balance from a work expense on the corporate card, is there any liability on me if the balance hasn’t been paid off?

funny

Just booked 2 non stop tickets from JFK -> Istanbul in late July for 163,000 Chase points ($2250). I feel like I spent a lot, was this a good use of points or bad redemption rate? Tickets are around $1200 per person for cash

like

If you leave J2 and get another (new) J2, does the first J2 show up on new J2 background check? Assuming these are w2 roles. If so, how do you explain that? 🧐

like

What do you think? Wife and I bought a house when I was new to industry. My salary has doubled and hers has increased greatly too. Currently mortgage, private school, runs is about 4500 a month combined. We thought The house we bought was in okay shape, but we were wrong. I have made some fairly big changes such as all new flooring, carpeting, lighting, countertops,. And some unforeseen damages ;bathroom leak turned renovation, pool liner, motor, and pump, water damage in kitchen ceiling, and

like

For those who live in Edgewater. How much do you pay in rent? I’m looking for a place in Edgewater but near Andersonville and want to get a range for the price. I want a 2 bedroom with 1-2 bathrooms.

Thanks

Anyone here have experience investing in EB-5 in a target economic area? Would love to connect and hear your experience.

Looking to start investing in South African stocks. Looked at MTN and Standard Bank. Any thoughts!?

like

Can you make a ton of money in operational consulting/restructuring? More than IB?

like

Can someone calculate income tax on below, new and old regime with no investment no rent

Post Photo
like

Anyone have some good VC blogs or twitter accounts to follow for latest LS/Biotech VC investments? And also for Health Tech?

like

Anybody has faced issue while transferring money to India through Remilty? I have made transaction of $2500 through remitly on Oct 2 and my beneficiary has yet Not received amount.
It's been a week I am following up with them but no response. Can anybody please share their experience or whom to reach out in that case?

like

Despite making on time payments from last 8 yrs my credit score is still below 750. plan to buy house nd worried my score won't give me best rate. How do i raise my score. Looking desperately 4 advice

like

Anyone selling their bitcoins? I've been holding bitcoin for 4-5 years now but think a pullback is coming. Was considering selling my entire position and buying back at a later time.

Anyone able to get a mortgage with student loans default?

Any good resources for those starting in crypto? Seems to be a lot of info out there and not a lot of “here is how it is done” without all the BS and fluff.

Maybe asked a different way, if you could start off on crypto again, what would you do differently (besides not buying a pizza with bitcoin and not mining bitcoin).

Thanks for the help as I venture into this crazy place!

like

Buying new home first time in Austin, what you recommend to do 10% down payment or 20%. If I do 20% then saving around 60k in a year. Considering inflation is coming and house prices is going down day by day.

like

Is anyone here based in the UK? Looking to speak to a financial advisor as I’ve come into an inheritance.

EY frequent travelers - now that Amex Platinum is being cut as a benefit, do I keep it and eat the cost or get a CSR for mostly the same benefits?

like

More Posts

Hi Fishes...
Could any one tell me the inhand salary in tcs for below package

Post Photo
like

How is the Annual appraisal hike in Tech M?

Can someone please help.

Has anyone heard of Slalom Consulting?

funny

What is Senior 1, Rank 42 means in EY GDS?
How many levels are there?

like

Bny Mellon technology provides any joining/welcome kit ?

like

Anyone made redundant noticed their P45 tax code as 0T? What to do to change it to 1250L? Started a new job and ended up paying more tax as they have used 0T as the code from the P45.

Hi, Is there any on-site opportunities at cognizant?

like

Anyone moved from TCS to CTS

If so, what did you give for account number for UAN validation in one cognizant portal ....
Is it our emp id or last 7 digit of member id in our UAN portal

like

Need urgent help on this ....Cognizant

Post Photo
like

Can I ask for retention? I have an offer of 43 LPA.

CCTC: 25.4 LPA
YoE: 5
Tech Stack: Java

funnylike

So much more money is plaintiff work. Why don’t more people do that?

likehelpful

Has anybody had any experience with the boutique insurance litigation firm Miller Friel? Would love to hear your thoughts and insight.

I’m interviewing for a newly created position, Assistant Director of Communications & Outreach in my organization’s DEI office. This is the first interview they have requested after reviewing my writing sample. They didn’t say who specifically I would be interviewing with, but said “members of the DEI staff”, and it will be virtual.

What types of questions outside of my marketing/communications background should I expect?

like

If interested Pls DM or reply

Post Photo
like

Hi All,
I am working as "Engineer I" and have 3.9 YOE in manual and automation testing. I have knowledge in selenium using java, cypress with js, Api automation using Cypress, also learning Webdriver IO.

What is the CTC that I should be expecting with these skills if I decide to switch?
Current CTC is 8LPA fixed.

Please do let me know.
Thanks.

like

How's the WLB in optum? Is it Good considering Job Security.

like

Hi frds,

My CTC is 9.15
How much I will get per month ?

like

Did you end up working in the same branch of engineering as you thought you would?

like

Can anyone refer me to Salesforce? I have applied on the portal but it would be helpful I can push my resume through referrals. Would share the workday job ID when you DM.

like

Any ideas on expected salary for a neuroscience outreach program manager position at a large healthcare system in IL?

like

Additional Posts in Compensation in Consulting

Can anyone share how comp progresses at Kearney? Im interested in pivoting but want to ensure that long term pay is greater than what I can expect at D

likesmart

Annual review coming up in the next few weeks and Im looking for the right way to request TC increase to PM Director. started Jan 2021. Im looking for base and bonus increase.Current 115k base w/ 3-10% bonus. Im a top performer on my team, if not the best (no kidding my boss praises me like no other and they haven’t seen more than 60%). FinTech Industry + company’s strategy is shifting towards initiatives that I have solid experience in at our top competition. Any advice? More in comments

like

My TC is 200k with bonus. Should I max out my RRSP? Expert advise pls
RRSP (Canada) = IRA (US)/401k

like

What is the salary range for SA in the government contracts practice at PwC, 4 years experience, cpa and experience in the federal consulting space

like

PwC. Negotiating an offer for base as Manager. Base Location Texas. Any idea on compensation range?

like

Do you include profit sharing/401k, insurance benefits, car, etc. when talking about total comp?

like

FTI 🐠 - what is the average salary percentage increases per year, and what are the average bonus payouts (SD). Received offer in forensics and lit, and trying to figure out financials. Thanks!

like

Any insights on riveron consulting pay structure?

like

What’s the market rate for government consultants at 1.5 YOE?

like

McKinsey folks, how may min years of Exp are typically needed to apply for an EM role? And what is the salary structure for NYC location?

like

I’m a new technical writer for an engineering company. I’m currently working through the temp agency being paid I feel are pennies for how quickly I’ve caught on and the for the job requests that have already been accomplished. If anyone who knows this type of business would share there thoughts of what is an acceptable pay for this job and why, I’d appreciate the input!

If I transfer to the NY or LA office from Chicago does Accenture make salary adjustments?

like

Would you guys changed firms for a 27% base increase and higher title?

like