#house

Sanity check on house buy.

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Sanity check on house buy. My wife and I are looking to purchase our second home (new build with a 9 month lead time). Doing this due to pregnancy and needing to grow, current house 2,080 sq ft and new being 3,128. Age: 34 and 33yr Income (me): $145.5k Income (wife): $70.2k Bonuses (yearly gross): $26k Monthly take home: $11,600 (with investments as outlined below) Debts…

Reddit Personal Finance 521 2024-12-23

Husband and I are separating, but the house needs a new roof

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Husband and I are separating, but the house needs a new roof I’m not sure what to do here. I own a house that’s worth around 650k. We have an inground pool that we put in that we still owe around 90k. We were just informed that we are going to need to put a new roof on the house and got a quote for between 25 and 30,000.. My issue is my husband is a train wreck financially. It’s pretty much the entire rea…

Reddit Personal Finance 721 2024-12-23

Should I try to buy a house or just invest more and rent?

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Should I try to buy a house or just invest more and rent? I’m about to turn 23 and live in a decently expensive place, right now if I wanted to buy a house in the area I want to live it would be ~500k and I wouldn’t want to buy a place 45 mins away just for a cheaper house. My rent is ~$1000 ($2900 split 3 ways). If I were to buy a house I wouldn’t want to put less than 15-20% down, and would ideally h…

Reddit Personal Finance 658 2024-12-23

8th House: Inheritance & Goods Of The Dead

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8th House: Inheritance & Goods Of The Dead My husband lost his mother, a little more than a week ago. I am watching him go through her things.  She has very little as she’s been in assisted living for fifteen years or so. It follows that what she has left is/was of great importance to her, though this may be imagined. I say Source

Elsa Elsa 865 2024-12-23

Buying a house scares me

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Buying a house scares me My wife and I are starting the home buying process. We are looking for a modest home under 400k. We do not want kids so it doesn’t have to be much. I know we can afford the house as we keep ourselves on a strict budget with a lot of our money going to savings and retirement. I’ve been having second thoughts though because if we buy a house we wi…

Reddit Personal Finance 841 2024-12-23

Being bought out of a house – what next?

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Being bought out of a house – what next? My ex-fiancé and I owned a house and he broke up with me 2 months ago. I knew that I wouldn’t be able to afford the house on my own so he’s bought me out. Paperwork’s been signed and everything’s supposed to be done today. My question is: will that be considered a house sale and will I (we?) have to pay taxes on it when it comes time to file our…

Reddit Personal Finance 576 2024-12-21

Inherited a house I can’t afford

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Inherited a house I can’t afford I need advice, I live in California and my mother in law passed away. My wife inherited her home and yes my wife’s name is on the will. The house my mother in law left us is too expensive. Payment alone is $5,200 and I haven’t checked how much the taxes are.. no way we can afford that . She still owes $710,000 on it . The house has no equity If…

Reddit Personal Finance 818 2024-12-19

This Z-Wave smart plug can work over a mile from your house

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This Z-Wave smart plug can work over a mile from your house Image: ShellyEuropean smart device manufacturer Shelly is launching 11 automation devices that can connect to the home from over a mile away. Shelly says its new and updated Wave devices are built around the Z-Wave Long Range (Z-Wave LR) specification, and will be available in the US in the first half of 2025. The benefits of Z-Wave LR are simil…

The Verge 1.3k 2024-12-19

Should I put my house fund into the market?

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Should I put my house fund into the market? I earn $87k a year, 27 years old. I have 20k in emergency funds saved and then 47k saved in a high yield savings account. I only have 7k in brokerage in my ESOP plan. I’m currently saving for a house and the 47k is my savings for it. Should I invest it or a large portion of it in index funds? What is the general protocol for this? I’d like to pu…

Reddit Personal Finance 699 2024-12-18

Are we ready to buy a house?

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Are we ready to buy a house? I live in a v HCOL area. I peruse zillow from time to time because me and my partner eventually want to buy a house and building equity instead of just throwing money down the drain on rent seems ideal. Ocassionally a fixer upper in our budget pops up (partner has construction experience) and I think maybe we should get pre-approved but I don’t …

Reddit Personal Finance 1.2k 2024-12-16

19 looking to move out of parents house

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19 looking to move out of parents house M19 looking to move out of parents house Hello, I am 19 years old in Illinois and looking to move out of my parents house by November 2025. I will be 20 by then. Me and my girlfriend of 5 years, also 19 and will be 20, would be living together. I will be finished with community college and getting my certificate by May 2025 and will be working…

Reddit Personal Finance 718 2024-12-15

Buying a house in medical school

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Buying a house in medical school I’m in an unusual position and am looking for some advice. I am the beneficiary of a trust that pays for costs of schooling as well as costs of living while attending school; this includes a mortgage payment. If I am not attending school the funds are inaccessible until I am 55. I was recently accepted into medical school and I have around $100k…

Reddit Personal Finance 1.1k 2024-12-13

Would it be stupid to stop ALL retirement savings to pay my house off in 5 years?

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Would it be stupid to stop ALL retirement savings to pay my house off in 5 years? I ran an online calculator and if I pay an extra $2,000 per month on my mortgage, I could have my house paid off in 4 years and 7 months. It would save me $136,000 in interest. To do so, I would have to stop all contributions to all of my other savings accounts as I currently save $2k/month. I have about $100k in retirement accounts and a 6-mon…

Reddit Personal Finance 961 2024-12-11