#house

What is too expensive of a house in this situation?

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What is too expensive of a house in this situation? We are currently house shopping for a house in a better school district than where we bought our first house. We really don’t want to move, but the schools in the area really are not very good. We make a combined 150K and have no other debt besides our mortgage. I know the general rule of thumb is about 3x your income or the 28/36 rule, but we a…

Reddit Personal Finance 1.1k 2024-04-16

Currently living at parent’s house, no idea what life costs

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Currently living at parent’s house, no idea what life costs I’m 23 years old and have lived with parents my whole life, eitht the exception on a brief year long stint at college from 19 to 20. Currently working and make about $45k a year before taxes. I have about $80k saved up in liquid money and $6k in a Roth IRA. I don’t pay rent or utilities but I do buy all my own food, cell phone plan, car insuranc…

Reddit Personal Finance 1.0k 2024-04-15

How f’d am I if I don’t have a house?

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How f’d am I if I don’t have a house? I’m(30s F) currently renting a 1 bedroom apartment at $1300 per month, make around $100k/year.i feel like im doing all the right things. I live moderately frugally, been driving the same car for 8 years, have a 1 yr emergency fund, no debt, max my 401k, ira and 529(upto state tax deduction) for my child. So far I’m loving renting, i have great n…

Reddit Personal Finance 797 2024-04-15

How long should I live at my parents house?

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How long should I live at my parents house? Hi all, I am 23 and have been living at my parents since I graduated college last year. I make ~70k with a super chill job and am saving around $3000 a month. I currently have $10k in a HYSA and 20k mixed with my 401k, Roth, and personal brokerage. I am wanting to get 12 months of expenses saved in my HY before moving out, as monthly expenses …

Reddit Personal Finance 832 2024-04-14

These Are the House Races to Watch in 2024

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These Are the House Races to Watch in 2024 Democrats are targeting incumbent Republicans in a number of districts President Biden won in 2020 — but the general rule is, as goes the presidential race, so go House races.

New York Times 1.1k 2024-04-14

Typical should I pay off my house early?

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Typical should I pay off my house early? I just purchased a new home for $223,000 with 20% down. My mortgage including taxes and insurance is $1264 per month. The interest rate is 4.5% and is a 30 year mortgage. I invest 15% into my Roth 401k and max out my Roth IRA each year& HSA. I have about $500 left over for savings/investing. Should I drop that $500 into the mortgage every month?…

Reddit Personal Finance 944 2024-04-10

Any reason to NOT put down 20% for a house?

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Any reason to NOT put down 20% for a house? I’m in contract for a house and we close on April 22. I am currently putting down about 15% for the Down Payment. My partner and I will be sharing the monthly mortgage. I put down this amount and not more because I didn’t want to pull more cash out of the stock market and pay capital income tax, but I could do it. Is it dumb to NOT put 20% down…

Reddit Personal Finance 580 2024-04-10

Mosques in NYC struggle to house and feed an influx of Muslim migrants this Ramadan

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Mosques in NYC struggle to house and feed an influx of Muslim migrants this Ramadan NEW YORK (AP) — Islamic institutions in the Big Apple are struggling to keep up with the needs of the city’s migrant population as an increasing number of asylum seekers come from Muslim-majority African countries. The post Mosques in NYC struggle to house and feed an influx of Muslim migrants this Ramadan appeared first on Religion News Service.

Religion News Service 851 2024-04-03

Should we pay off our house this fast?

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Should we pay off our house this fast? Hello, My wife and I just bought a house for 432k with a 15 year 100k mortgage at 6.99% We’re going to put another 70k against principal this month which would leave us with 30k principal. Monthly take home pay after taxes is 12k. No debt and an emergency fund of 8k. Should we strive to pay off the home in less than a year? I like the idea of be…

Reddit Personal Finance 398 2024-03-26

Can I really afford my house? Do I keep or sell? (revised)

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Can I really afford my house? Do I keep or sell? (revised) Hi all, I posted this a couple weeks back, but my post mostly confused people, so here I am asking for advice again, this time with more, and correct details. I am a homeowner, and I am seriously struggling to make ends meet. Or, I am making ends meet but have no money left at the end for personal spending, and/or savings. My biggest concern is …

Reddit Personal Finance 751 2024-03-25

Would it be stupid to buy a house right now?

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Would it be stupid to buy a house right now? I’m 28 years old and make around $105k/yr gross income and of that I take home about $6000-$6500/month after taxes and 401k contributions. It should be noted that I live in a HCOL area of the country. I have $25k saved up and don’t have any debt and have a 718 credit score. I’m seriously considering buying a house. I would qualify for down paym…

Reddit Personal Finance 1.2k 2024-03-25