#house

Unsure if I should buy a house after a new job

( www.reddit.com )

Unsure if I should buy a house after a new job I currently live with my family. Thanks to this I was able to save every penny I could for 2 years and work my way through college with no debts then build a nest egg of 60g. Last month I switched jobs from a sweatshop of IT to a subsidiary of a fortune 500 company making about 80k a year. My family is understandably asking for me to contribute…

Reddit Personal Finance 381 2025-03-03

Is it stupid for me to buy a house and rent it out as 20 year old?

( www.reddit.com )

Is it stupid for me to buy a house and rent it out as 20 year old? I’m 20 years old with $100,000 in savings and I want to do more with my money, My mom just found this nice newly renovated 3 bed 2 bath house in our area for $250,000 and wants to rent it out. She is very trustworthy and wants to go in on it with me but I’m nervous about spending so much money. What are the Pros and Cons of doing something like …

Reddit Personal Finance 682 2025-02-28

Profited from selling my house… now what?

( www.reddit.com )

Profited from selling my house… now what? I (31, male, divorced, one 7 year old child) recently sold a house and started renting an apartment. I realize that is already negative marks for some, but it’s a personal decision that I made in part because I do not intend to live in this area long enough to justify buying again; and in part to cross off a bucket-list item for myself (I’ve alw…

Reddit Personal Finance 932 2025-02-28

Getting a small inheritance. Put it into the house or put it in retirement?

( www.reddit.com )

Getting a small inheritance. Put it into the house or put it in retirement? Age 53. The inheritance is less than $50,000. I think it’s smarter to put it into the house because I’m very concerned about getting my house paid off before I retire. Does anyone disagree? Interest rate on the home loan is about 3.5%. I currently owe about 375k. submitted by /u/Conscious-Compote927

Reddit Personal Finance 990 2025-02-27

When Does “House Poor” No Longer Matter?

( www.reddit.com )

When Does “House Poor” No Longer Matter? The general guideline is that you shouldn’t spend more than 30% of your income on rent or a mortgage. But that assumes that all of your other expenses increase proportionately as your income increases. Lifestyle creep is real, but someone making $120K per year doesn’t necessarily have 2x the expenses as someone making $60K per year. Is there a c…

Reddit Personal Finance 1.1k 2025-02-26

Not sure if I should buy a house or rent at 27

( www.reddit.com )

Not sure if I should buy a house or rent at 27 I’m 27 and have recently opened my eyes to a financially secure lifestyle. I just paid off all of my credit card debt (amounting to about $12.5k overall) and my only remaining debt is $18k of student loans (compiled of 3 different federal loans with very low interest of 2.8% – 3.7%). I had to move back into my parents home due to personal reason…

Reddit Personal Finance 444 2025-02-25

Separating, how do I sell the house to my wife?

( www.reddit.com )

Separating, how do I sell the house to my wife? I’m just starting down the road to a legal separation. We’re planning on mediation w individual lawyers as well, but have not yet consulted with any other than intro conversations. We have discussed my wife buying me out on our house-essentially giving me half of our equity in cash. My question is, how do I remove myself from legal responsibili…

Reddit Personal Finance 1.2k 2025-02-23

Sell house, sell dad’s share of house, or buy out aunt’s share of house? CA state

( www.reddit.com )

Sell house, sell dad’s share of house, or buy out aunt’s share of house? CA state Quick briefing about situation: My dad lives in CA, in a desirable to live in area with not a lot of inventory, so a small house can fetch $1mil. My mom passed away late last year and she and my aunt jointly owned the house that my parents lived in together. Title/deed is in both of their names as unmarried women. House is completely paid off….

Reddit Personal Finance 554 2025-02-23

Pay off the house or Invest?

( www.reddit.com )

Pay off the house or Invest? I now only have my mortgage which is a 30 year loan but my interest is only 4.99 apr I know 30 year loans are interest heavy in the beginning, so should I pay it down halfway and then invest or keep paying as usual? We can stay here as long as we need to, if we move we plan to pay in full of get a minimal amout financed from saving. Given the …

Reddit Personal Finance 895 2025-02-22

20% down payment or more on a house?

( www.reddit.com )

20% down payment or more on a house? My husband and I make a combined $210k. After taxes, health insurance, and retirement we take home around $8k/mo (sometimes more with OT and holiday pay) It seems like the housing market in our city just keeps going up, even with higher interest rates. We’re currently in a 2 bed, 1 bath house 580 sq ft. We will desperately need to upsize into a …

Reddit Personal Finance 415 2025-02-22

Continue Renting or Purchase a House?

( www.reddit.com )

Continue Renting or Purchase a House? Hi guys, I am trying to get some more opinions on whether or not to purchase a home. Income: ~115k Savings: ~50k Monthly spending: ~$3500-4000 which includes $1550/mo rent I am looking at houses around $250k-350k and am curious what the better option is currently? Should I resign my lease and wait until I have enough for 20% down as well as a 3…

Reddit Personal Finance 1.2k 2025-02-22