Related Posts
How do you effectively plan for retirement?
Conversation Starter
SOL vs ETH 2.0?
Any REIT ETFs that people like?
More Posts
Can someone refer me to CITI ?
Does the sf office have lockers?
What buckets would you generally use for cases?
Community Builder
Have you heard? @Cleveland Clinic is opening a new hospital! Located in Mentor, Ohio, this BRAND-NEW state-of-the-art hospital will offer world-class care to Lake County residents.
We are looking for Nurses to join our team and be a part of Mentor Hospital's grand opening in 2023. If you are interested in learning more, please contact me. Schymak@ccf.org
Mentor Hospital | Cleveland Clinic
Additional Posts in Consulting
Chief
Anyone take SHRM? How many hours did you study?
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
the american playbook. go to college, get a nice paying job, settle down and buy a house. i hit the first 2 only. i’m writing my own playbook from there onwards.
Cool bro. So what’s your step 3?
24, 5% down, Charlotte NC 1. Don’t get overly emotionally invested until you close and get the keys. Your ability to walk away is your biggest negotiating point. 2. Don’t buy a home that sits at the bottom of a hill or has poor drainage unless you like water damage and mold problems
Yeah, conventional financing only requires 3% and many credit unions will offer 0%. Yes you will likely have PMI but I’d rather pay $150/mo in PMI than wait to save 20% which home values rising at 3–6% a year. Since purchasing in 2016 my home has increased in value by $60,000 and I paid about $4,000 in PMI. Pretty good trade off if you ask me.
How r ya’ll affording homes with such high mortgages?.. No student loans?
I don’t live in the most glamorous neighborhood but I’m building wealth and the mortgage was more affordable than rent with a low down payment.
31 - actually on my birthday
8% down and mortgage was ~$1,500 in Houston.
The part you missed asking is ratio of house price to salary or mortgage payment to monthly pay
28, 25% down, mortgage is $2900ish + tax/insurance. LA. If it’s your first home get an ARM, you won’t be there for 7 years.
Los Angeles? damn not bad
26, 5% down (around $30k), Seattle, $2700ish monthly mortgage
36, 5% down, $2500 mortgage plus $250 HOA in Boston
Dorchester. Family friend is mortgage broker and got us a deal with no pmi.
35. 3% down. $2100 mortgage. Household income of $375k. Minor commitment issues.
23, 20% down m, $1650 mortgage- Chicago
29, Western Pennsylvania, $400k house with $0 down and $15k closing costs. Wife is a physician so we got approved for a no PMI, $0 down loan at 4%. Doctors, vets, and sometimes lawyers get special bank loans.
Taxes are roughly $7300/year. Our mortgage fluctuates year over year to account for the escrow, but it's been between $2400 and $2600.
General advice - marry up. It's what I did and I plan to retire from consulting and be a stay at home dad in 2 years lol.
how to marry up? im introvert and struggle just to say hello to a stranger
26.. NYC. $200k plus additional mortgage expenses and closing costs in the $50k range. $4500 monthly mortgage payment. This includes property taxes
25, 20% down, $1300 monthly, Philly
24, 5% down. TX
28, 30% down, $2900 mortgage, Dallas
32: 10% down, 5k/mo mortgage. OH
43, 50% down, 4000 €/monthly, Frankfurt Germany
32, 20% down, $2,450 monthly mortgage (includes escrow for insurance), 15-year loan (only 7 left!), Dallas, TX