How Much House Can I Afford?

How Much House Can I Afford?

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• The Ramsey Show (Highlights):

[MikeyFFA]

"Hi Dave, I'm trying to see if I can afford something but I don't know what my take-home pay is" LOL

[AnishChari]

I asked my 10 year old son if he knew what a mortgage was. He said it was place you go to find out why someone died. At first I thought he had stumbled upon profound insight into the struggles of the middle class. Then I realized....

[marialaurare]

She's an accountant and she can't do these simple calculations?

[danielbustos]

$1250 house payment. That’s a dream payment

[rrgoodmanmr]

two divorces and then disabled, I'm climbing out of a financial disaster slowly. I had to move back with my parents, I have failed in my financial life. I am now saving again for a large down payment on a minimal house, but for now the best thing I can do is be patient and save every penny.

[MaliBee]

Why do these people seem like they’ve never calculated their income to bill ratio?

[djflash]

Keep your home and struggle like most Americans do just to say they have a house. It’s the American Dream we have been sold.

[NeoAndersonReloaded]

Dang my house payment is 55% of my take home. But i do only pay that.

[SuperSaiyanKrillin]

The strict 25% rule for house payments from Dave just isn't realistic sometimes - I think it should be a general rule instead of an absolute rule. If she ends up paying an extra 8% for her current house that she's already comfortable in - seems worth it to me if she can afford it. why bother make her go through the whole process of selling and moving ?

[nightfangs]

Hey guys, looks like we found the accountant nobody goes to anymore 😀

[Murphy]

I’m thinking about building a house for 60k so my payment would only be around $350 a month for a 15 year fixed

[Aristaifly]

There are more factors to consider, I think:
1. How long will it take to pay the full to keep the house? I might be wrong but she sounded quite mature, if there are 2- 3 years left to pay, why to rent? Downsize later paying cash for the next property.
2. Why not to get an additional income? Airnbnb or homestay student is a nice business and keeps you occupied and not feeling lonley.

[NATEG]

As an accountant it has always amazed me how bad other accountants are with handling their finances. Most of my colleagues and coworkers still have student loan debt, car loans, and don't save for retirement. They don't budget, they got out to eat all the time, they use credit cards, and they spend money on whatever they want.

[louisvancouver]

a year after i get out of toyota tech school, i'll be making $80k+. i'd like to find a property with at least 5 acres. how would you attack this? i have no money saved. the schooling will cost $14k-$16k.

[ShieldsJustice]

I’m an accountant but don’t know what my take home pay is...

[victorialg]

Why not add a housemate or two? I assume it is a 2-3 bedroom house. That would have to net as the lowest possible cost senario.

[ballathug]

How can someone not know their take home pay??

[hothotheat]

Always live below your means. ALWAYS. A lot of people are SOL right now because they bought too much house/car and now they have no income and no savings.

[Mariaaaaaaaa]

Why was i able to say her take home is about 38, 000 before even she was able to say it, and i'm not an accountant.

[vladimirivica]

how do u americans pay your house in like 5 years ?? in my contry that is not posible .... i make 12 000 euros a year and a hous is 120 000 euros and what to do ??? i can borrow money from the bank and i will need like 20 years to pay it back ....