U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Real Estate > Mortgages
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 07-25-2008, 06:52 PM
 
1,059 posts, read 1,636,264 times
Reputation: 793

Advertisements

Quote:
Originally Posted by acegolfer View Post
30% to your net income is a sound advice.

What's your mortgage pmt (Principal+Interest)/net income ratio?

Mine is 27%.
I am renting and saving at the moment!
Reply With Quote Quick reply to this message

 
Old 07-25-2008, 07:19 PM
 
Location: Sunshine N'Blue Skies
13,320 posts, read 19,659,786 times
Reputation: 11644
We always only planned on 1/4 of my husband salary for a mortgage payment and it worked well.
We didn't use any of mine as we knew I'd be home with my kids........so that was not figured in.
Always a 30 year fixed.........and never gambled on any of the other crazy mortgage deals.......they never felt right. Thank goodness, as we see now.
Reply With Quote Quick reply to this message
 
Old 07-25-2008, 08:41 PM
 
16,700 posts, read 18,913,643 times
Reputation: 6795
Quote:
Originally Posted by crazyma View Post
Good grief. Excuse me but I am gonna have to put my momma hat on.WHY do you need such an expensiive house??? Do you realize with that kind of money you could buy a small nation?
Seriously, why not buy something very affordable, invest the difference ( even if you put it in a mayonaise jar and bury it in the backyard) and live well below your means. Plan well for a rainy day. You can still live very comfortably without spending so much on a house. What does a million dollar house have that one more economically priced doesn't have?

ai yi yi! I guess I squeak to much when I walk...do what you want...good luck
Hahaha... its not a "big" house per se... I want a LOT of quality in the house... I want off-the-grid solar energy, 10,000 gallon aquarium (with well water), solid oak doors everywhere, wrap around screened porches, etc. etc... all that stuff adds up... a big pond with tilapia (free food and scenic!), geothermal heating/cooling... that stuff is expensive! So I figure it would cost a bit over a million to build all that on my 1+ acre land....
Reply With Quote Quick reply to this message
 
Old 07-25-2008, 09:42 PM
 
3,191 posts, read 8,035,652 times
Reputation: 2174
You're funny...
So what kind of doctor are you?
Reply With Quote Quick reply to this message
 
Old 07-25-2008, 09:59 PM
 
16,700 posts, read 18,913,643 times
Reputation: 6795
A doctor that was born and raised in Wichita, KS for 12 years actually... no kidding...
Reply With Quote Quick reply to this message
 
Old 07-25-2008, 10:14 PM
 
3,191 posts, read 8,035,652 times
Reputation: 2174
OH gawd.that is where I am. NE near Rock. 1+ yr. now. hey, you want a buy a 2nd home back in Wichita?? I can hook you up with one!!! hehheh
Well I guess if you got the money, then whatever floats your boat. But for pete's sake don't get all hog wild with it. And you really want to be in Ohio???
Reply With Quote Quick reply to this message
 
Old 07-26-2008, 10:15 AM
 
16,700 posts, read 18,913,643 times
Reputation: 6795
No, not planning to be in Ohio, planning to move in a year... looking at maybe North Carolina... I don't want to build just a house... I want a place called "home"... nice attached greenhouse with it to "farm" my own herbs... oh, yeah its going to cost a lot to build everything... I want my home to be completely self-sufficient... and I like a lot of privacy... plan to have 6 feet tall concrete walls all around the property... I guess I am "extreme" but this is what I have gone to school and worked for all these years for... to build my home... I don't need fancy cars, cartier watches, yachts, or any of that... I just want a home..
Reply With Quote Quick reply to this message
 
Old 07-26-2008, 04:10 PM
 
Location: Halfway between Number 4 Privet Drive and Forks, WA
1,516 posts, read 4,126,675 times
Reputation: 650
Well, you should be fine as long as socialized healthcare doesn't make it around in your lifetime.
Reply With Quote Quick reply to this message
 
Old 07-26-2008, 04:14 PM
 
16,700 posts, read 18,913,643 times
Reputation: 6795
Socialized healthcare would be a boon for me, typically doctors make more in a socialized health care system... the UK doctors make about 30% more than U.S. doctors... I can't say the same about the UK weather.. with the muscle of the health care industry, government will be its pawn...
Reply With Quote Quick reply to this message
 
Old 07-26-2008, 04:57 PM
 
Location: Halfway between Number 4 Privet Drive and Forks, WA
1,516 posts, read 4,126,675 times
Reputation: 650
Quote:
Socialized healthcare would be a boon for me, typically doctors make more in a socialized health care system... the UK doctors make about 30% more than U.S. doctors... I can't say the same about the UK weather.. with the muscle of the health care industry, government will be its pawn...
LOL, you might be right. Socialized healthcare may have to bail out the US government from all its debt.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Real Estate > Mortgages
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top