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Old 06-02-2018, 02:24 PM
 
3 posts, read 5,479 times
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We're relocating from Florida to Texas for work. If they approve the cost of living increase, we'll be making more like $68,000/year gross. This is dual income and I'm hoping for a promotion within 2 years.

Family of four. The job is in Keller. We're looking to rent something between $1300 and $1500.

Struggling with the decision, I need an outside perspective.
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Old 06-02-2018, 05:03 PM
 
Location: Grapevine, Texas
10,515 posts, read 22,365,403 times
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Probably. You'd need to focus on the older, smaller houses in Keller to find ones in that price range.

Also look in Watauga, and west of I35W in north Fort Worth and Justin. All of those areas would be an easy (under 30 minutes) commute to Keller.
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Old 06-03-2018, 03:27 PM
 
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Thanks, Christie.
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Old 06-03-2018, 07:02 PM
 
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I would only do it if your rent and housing costs will be at or under 25 percent to 30 percent of yalls after-tax monthly income
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Old 06-04-2018, 01:44 PM
 
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Would you typically advise including utilities in that 30%? Or is that just for rent/mortgage?
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Old 06-04-2018, 06:48 PM
 
22,250 posts, read 6,026,337 times
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Quote:
Originally Posted by Anlore View Post
Would you typically advise including utilities in that 30%? Or is that just for rent/mortgage?
i would include utilities and every housing cost in the 25 to 30.25 would be ideal but that may not be realistic due to the hot Dallas/Fort Worth/Arlington Metroplex housing market.
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Old 06-05-2018, 09:05 AM
 
Location: Dallas, TX and Las Vegas, NV
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You should be able to afford something nice in North Richland Hills — not far at all and decent schools.
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Old 06-21-2018, 12:07 PM
 
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Do you have children in schools? Childcare outside of school age can be expensive from what I hear...

Are you working IN Keller???

Look at a map w/your work site location
Keller itself really has no freeway going through it
There are state highways and some 4-6 lane roads and smaller roads
Traffic can be congested
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Old 08-06-2018, 01:45 PM
 
234 posts, read 210,053 times
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Quote:
Originally Posted by C24L View Post
I would only do it if your rent and housing costs will be at or under 25 percent to 30 percent of yalls after-tax monthly income
+1

My advice is to live well below your means as close to your work as you are able to find reasonably priced housing. I know many, many cases of people stretching their resources as far as possible to buy a decent home in a decent neighbourhood and still pay car notes, insurance, home upkeep, expenses for kids, clothing, etc., etc. It is a recipe for disaster. It will only take one major crisis for you to lose your mortgage and be in dire straights trying to hold your life and your family together.

Just because you have $60K that could be spent does not mean you should spend it. Also, depending upon promotions and pay increases is asking for trouble. Just recall the great white collar recession of the early 1990s where there were huge numbers of highly educated people who could not buy a job, where there were people who were close to retirement after 20 or more years with their employers ended up being fired and replaced with someone half their age for half their income. The situation was so bad that it prompted federal legislation, but who could afford to keep an attorney on retainer to fight the case for them. People just do not stop to think anymore. Maybe they never did.

In any case, a combined income of $60K to support a family of four is nothing. It is not much for only two people much less two adults and a couple of children. Desire less and be much happier, and more secure, in the long run.

There is an old saying. Those who do not know history are doomed to repeat it.

Seriously, take a few minutes to read through the posts on this thread:

https://www.indeed.com/forum/loc/Hou...et-job/t387746

Last edited by the_little_truth_writer; 08-06-2018 at 02:07 PM..
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Old 08-06-2018, 02:33 PM
 
Location: Allen, TX
213 posts, read 130,644 times
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Quote:
Originally Posted by the_little_truth_writer View Post
+1

...

Seriously, take a few minutes to read through the posts on this thread:

https://www.indeed.com/forum/loc/Hou...et-job/t387746
That is one sad thread!
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