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Hi everyone! I am looking for the job change having expertise in the stock market as an equity research analyst with 3yrs of experience and currently working at Indore. If any references are there or in the investment banking firms, please help me with that.
Goldman Sachs
Invesco
HSBC India
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Mentor
$2500
The general rule is to try and cap it at 28% of gross monthly income.
- monthly gross of 21k = monthly take home around 12,500?
- don’t want recurring payments to be more than about 50% = 6250
- less loans and daycare, and utilities (400?) = 3050
I’d try to keep it under 3k
^this. I would spend ~100k in your liquid savings on down-payment
This bowl is so insanely conservative lol
I love that about this bowl! I find myself trusting - more often - the financial advice on here where I would otherwise always be hyper skeptical.
Mentor
Zero, I wouldn’t finance a primary residence right now. It’s about 50% cheaper in most markets to rent. Meanwhile S&P 500 is paying 27%. Long term it makes sense to lock in an affordable payment. If you can save 150k you can probably save 300k and get a modest place in a couple years and skip giving the bank 500k in interest. That 500k in interest you didn’t give the bank is tacked on to your net worth. Your future self with thank you when it’s collecting 27% interest and doubling every 5-7 years.
Mentor
Maybe, house builders are still going strong. If they lock up that inventory we’ll have to build our way out. I happened to already own land so building still makes sense. A 1700 sqft home is costing about 250k to build. Why would I compete over a 600k house that needs a complete remodel? Another country where I buy real estate new builds are heavily favored. They create this incentive to build new through some grant that goes to like teachers, hospital workers, government. Contractors can’t build fast enough. Buyers usually pay cash, grant and 100% own their home.