{ "media_type": "text", "post_content": "What's the ideal price range for purchasing a house if my salary's 104k?", "post_id": "58fd2b715385570010849015", "reply_count": 8, "vote_count": 2, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting" }

What's the ideal price range for purchasing a house if my salary's 104k?

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3-4 times your salary

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I think about 2/3 of what they recommend is a reasonable ceiling for your house value. But ymmv. I'm staying well south of that. For most travelling consultants, a condo or townhouse seem to be much better - unless you've got a trust fund to back you up. Besides, it feels like we're in another bubble.

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What do you pay in rent? Probably the same mortgage

$1400

$300k-$400k

https://www.nerdwallet.com/mortgages/how-much-house-can-i-afford

Regarding the nerdwallet calculator, I disagree with the results. Yes, you could get that high a loan and be house poor. At the same time, don't forget what you are putting toward retirement.

300-400 seems high. It depends on your city/ state taxes, if you have other debt you're working to pay off, if you will have a roommate/spouse splitting costs with you...talk to a mortgage broker to find out what your monthly payments will be at different price points

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