Say you make around 55k can a year, and you already have roughly 100k saved up...

I'm actually a realtor.

>Hurr I'm talking about buying you're talking about lending.

Well aren't you autistic? He obviously means how much home he can afford.

>say you make around 55k can a year, and you already have roughly 100k saved up. what price of home do you think you can afford by you`re self, and also what price of house can u afford with you and a partner making around 55k a year. ty

He's got 100k saved up which is a great down payment since most mortgage lenders want 20% down before you even can get preapproved. Stop acting like some know-it-all, moron.

>I'm actually a realtor

What a big surprise.

People like you who spread the myth of lending and handing over their life and wealth to lenders are all wrong. Live within your means. There are no guarantees, currency is more risky than it has ever been and your message is to make it even more risky.

I was right. I called it. You're either a useful idiot or a controlling jew.

>Buy a house that's $2566 a month.

Are you insane? That's a house over half a million dollars.

And just to add, a 100k home that is paid off is worth a lot more than a 200k home that is only half paid off. One is your property, the other is far from it.

Shut up, Alex Jones. This guy can easily afford a home over 200k without even needing to spend all 100k of his savings. You clearly know nothing of affordability. If he put 50k down on a house, made 55k a year, his monthly debts being about 400 a month, and with a good interest rate, he could get a decent ass house. Probably in the 200's. You want him to live in some shit shack.

No it really isn't. Also that figure was if he were MARRIED unlike you permavirgin NEETS.

>hurr what are property values.

You honestly think that a 100k home is worth more than a 200k home? Go to a 100k neighborhood, look at the neighbors, the atmosphere, how well the homes are maintained, and you tell me which is worth more, basement boy.

my mom pays $1500 on a $175k home.. is get ripped off by her mortgage?

If he were to take half of his life savings of 100k and put a 200k home on loan, he goes from being debt free and having 100k to now owing 150k. You're making a ton of assumptions, the first being that he won't die before paying off the loan, the second being that he will always have that job or a job that is better. The odds are in the lenders favor always, otherwise realtors wouldn't be a thing... loans wouldn't be a thing... banking on this level wouldn't be a thing...

What's her interest rate and how much did she put down?

Yeah and if everyone ignored your idiocy and bought within their means, nigger hoods wouldn't exist because respectable mature adults would be living their instead. But no, we give everyone loans and the productive members of society get the half million dollar (poorly built) modern prefabs and niggers are running around in our former neighborhoods because of gubment prograyams

>B...BUT HE NEEDS TO KEEP HIS JOB FOR LIVE user.

100% wrong. He can easily sell a home that's worth more over a home that's worth less. If I drove through a neighborhood with low-valued homes (like I usually do), I wouldn't want to purchase there. At all. None of my clients want a home surrounded by niggers and losers. I rarely if ever sell homes for 100k because simply, my clients do not want that. They want homes in better areas with good schools and where they can let their kids outside without running the risk of them getting shot.

You really know nothing of purchasing real estate, do you? 20% down is mandatory when purchasing a home. No matter fucking what. Also, the home being purchased might have something called EQUITY. So when you purchase said home, you might walk into it with it being of value to you. But then again, you live in a basement.

I don't need to live within my means at all. I make great fucking money. I've been doing this shit for seven years, bro. Get on my level.

>"Hey user, buy this $5000 vacuum. They're great, because I've been selling them and making a shit ton of money off of them."

Your logic.

realtor.com/realestateandhomes-detail/580J-Woods-Rd_Bear_DE_19701_M64781-64315

Oh wow, a foreclosure. So the bank needs to get rid of it and OP could likely get something like this for very cheap. l2realestate, bro.

The info he posted wasn't wrong though. That is how much he can technically afford, but that doesn't mean you should always take the high end of it. Depending on what area of the country you live in, the difference between 150k and 250k could be a shit hole or an hour commute to work. Or it could be a nice neighborhood close to your job. Feels good to live in Texas.

My logic is to use that money saved up (not all of it, you autist) and put some of it down (no more than 20%) and buy something decent. That's my logic. Your logic is "don't live beyond your means. Live in the slums, user"

Fuck that shit. People like you wouldn't even be a client of mine. I'd just laugh you out of my office because the commission wouldn't even be worth it.

op here some decent advice thanks guys

On a standard 30 year mortgage with 3.92% interest rate that's a $543,000 house which actually costs you $924,258 in total including interest. How many year mortgage term were you suggesting he take?
She's probably paying it off faster.
Yep. We're in a bubble.

We're always in a bubble.

Right, because you're paying about 22k a year in interest. I'd only advise a couple making great money to even get a home that expensive.

>you wouldn't be a client because I couldn't steal 7.5% of your home value just for putting a sign in the yard and filling out a few forms
eat shit real-estate fag

I don't get that much. It's about 3%

you're young, making ok money, and obviously smart enough to save instead of blowing all your money on vidya

you'd be better off renting right now and using your lack of attachment to a piece of real estate to move regularly for better job opportunities and raises every 2 years.

i realize you probably think renting is "throwing your money away" but buying a house at this point in your life will tie you down and limit your opportunities. you'll be content with a 1% raise at your job every year instead of moving and getting 10-20% every time you go to a new company.

buy a house when you're 40 and ok with compromising opportunities for stability. we're probably in a housing bubble anyway and you'll be able to afford a better place once all the pieces of shit buying half million dollar shitboxes with government subsized loans all foreclose.

>paying more in rent than he would in a mortgage
This is how millennials think.

depending on where you live rents are often comparable or less than a mortgage when you consider property taxes, insurance, potentially HOA fees, maintenance, and all the other costs that go into home ownership

also keep in mind if you're moving every two years for job opportunities like i'm suggesting, the 6% commission for a sale will ruin any potential gains if your cardboard shitbox even increases in value.

if you stay in a property for 7+ years before moving yes you could probably come out ahead by buying a house, gaining some meager equity, and then paying your realestate leech 6% commission. However you'll have also gotten 1% raises per year at your current job instead of 10-20% job hopping so you're not getting ahead. you're just using boomer-era logic of staying at a company and earning a pension which doesn't exist anymore

>rents are comparable
Not really. Where I live, there's a condo fee, homeowners insurance, utilities, etc. All of that together is less than a decent apartment. 3 beds and 2.5 baths isn't bad for what I'm paying.

Also realtors don't get 6 percent unless they're the buyers and sellers agent. That rarely ever happens.

>really. Where I live, there's a condo fee, homeowners insurance, utilities, etc. All of that together is less than a decent apartment. 3 beds and 2.5 baths isn't bad for what I'm paying.
>Also realtors don't get 6 percent unless they're the buyers and sellers agent. That rarely ever happens.

ok, your area. great. i'm not saying the math doesn't work out anywhere, but it doesn't work out EVERYWHERE like real estate shills will tell you. and again my point is by buying a place you're not going to move every 2 years for 10-20% raises like you should.

real estate agents will tell you that the meager gains you earn on real estate are worthwhile. Muh 2% equity. rent is "throwing money away". All the while smart people look at OPPORTUNITY COST.

Earn 2% on real estate or 20% every two years by investing in yourself.

Trick to everyone in this thread thinking of investing in property. Call a local real estate agent. Tell them you're interested in buying and ask if it's a good time to buy. Call the next day and pretend you're a seller. ask if it's a good time to sell. What do you think the real estate agent will tell you in both these scenarios?

>doesn't understand that there are buyers markets and sellers markets and that they don't occur at the same fucking time.

Must be nice being uneducated as all hell, Robinhoodfag.

oh there are buyers and sellers markets. my point is you cant trust a real estate agent for shit when their 6 percent commisions for filling paperwork are on the line.

anyone in this thread, try my experiment and see for yourself.

That feel when you're making 66k and only have about 8k saved at age 26

I'm doing it so fucking wrong. I don't even buy much shit where the hell does it go

You probably buy panera every day you basic bitch yuppie

>6%

Listen, kid. Just because your mommy got JEWED by her broker, that doesn't mean every agent gets 6%. l2commissionsplit, faggot.

>Listen, kid. Just because your mommy got JEWED by her broker, that doesn't mean every agent gets 6%. l2commissionsplit, faggot.

you're a dumb piece of shit. I'm not saying ONE AGENT PERSONALLY gets 6 percent, i realize buyer and agents split and split with a broker too. my point is any poor cuck who sells his shed every 2 years like you want them to will be losing 6 percent in the transaction. unless they're in vancouver or silicon valley they WILL LOSE MONEY

Do you argue someone doesn't really pay 20% tips when going out to eat because they actually get split between the waiter, kitchen staff, etc? no you moron you're still paying 20% i dont care where it fucking goes.

>selling house after two years.

What do you think houses are? Fucking car leases? Please neck yourself, autist.

Also kitchen staff aren't on fucking tips, jackass. Not one bit.

Kinda true, although I don't really like panera, their proteins suck ass

i know you don't tend to eat anywhere nicer than arby's but any decent restaurant kicks out to kitchen staff, bar staff, etc

I tip above 20% and each drink I order usually costs about $7 or more. I don't usually leave a restaurant with less than a $75 bill.

this is my point, anyone with potential is relocating every couple years for good opportunities so they're better renting.

anyone who failed their GED and can't do better than shilling real estate stays in one cuck shed their entire 20s and 30s and gets off on their 1% gains per year from their shed instead of bouncing between jobs and getting promoted

Also bar staff doesn't split shit with wait staff. Neither does the line cooks or the management. You're a fucking imbecile.

They really are not. My cousin has worked with M$ for five years and he's lived in the same fucking place that entire time. Also, I actually have my MBA that I got last year so why don't you eat a log out of my ass, princess?

yes and how much do you think your cousin has made in raises every year compared to if he moved to SV for facebook or google and then back to seattle for amazon every two years? people like you dont have ambitions so they dont think of OPPORTUNITY COST

100k

like i said this doesn't work at arbys or chick filet but maybe if you step it up and eat someplace that doesn't have paper napkins one day you can ask your waiter if they tip out their busboys, hostess, bartender, barback, etc

He makes over $20/hr with no degree in their retail sector. Better than your Walmart employee ass

Oh and I made a little graphic for ya. Hopefully colors work for your autistic ass.

>waiters tip out their busboys and hostess and barkeep

Please just KYS. You're wasting valuable oxygen that others desperately need.

jesus christ you incompentent fuck this is my point

SELLER PAYS 6% COMMISSION

i dont care that you only get a fraction of the goodboy points. my point is any KEK who thinks their SHED is a good investment better make sure they're willing to lose 6% on the transaction

>25 rageposts by this ID
how drunk are you right now user?

BTW "retail sector", this explains why he's living in cuck shed like you. I gave him too much benefit of the doubt and thought he might actually be a developer or even at least a pajeet in QA. turns out he's just a glorified cashier. no wonder he isn't moving. he's maxed out his pay.

sorry my advice was only for people with potential. you're right a cuckshed is a good investment for people like you and your family.

>living alone

>seller pays 6%
Does that mean I get 6%?
Common Core has failed you.

>lives in 3 bedroom townhouse with wife and daughter

Better than mom's basement chowing down on mom's spaghetti.

>1% raises

Wtf? What kind of cuck employers are you working for that give 1% raises when the standard is 3% per year for inflation? If you want to talk about personal experiences, I got a 30% raise after my first 3 years. Then my pay increased through the years with additional raises as I gained more experience and took on more responsibility. Never had to move and still comfy in my house, close to my family and friends. Moving around the country and paying rent for 10-15 extra years isn't always the best option. Your reasons for choosing that is interesting though.

>I THOUGHT HE WAS A POO IN LOO

Nah, he's been to the Redmond Campus in WA though and met with people at Facebook. Enjoy your .999% raise each year, cuck. I'll enjoy these commission checks. Gotta love summer, right?

Because he's a fucking idiot that likely works at Target peaking through the stalls in the gender neutral bathrooms.

>>seller pays 6%
>Does that me

does your autism prevent reading comprehension? I don't care about you. I'm saying anybody selling their cuckshed loses 6% in commision. I dont care how many (((shills))) split the shekels.if you gained less than 6% in equity in the time spent in your shed you will lose money in transaction fees, and certainly once including money spent on insurance, HOA, repairs, property taxes, etc.

most importantly you lost the OPPORTUNITY COST of moving for better job.

here's a summary for anyone with ADHD

1) If you have no potential and are in retail or are a real estate shill, it's a good idea to buy a cuckshed
2) if you are talented and educated, you're better off moving for job opportunities.

I agree with you that NEETs, or low skilled people like retail sales or real estate sales do not have the demand to relocate for good raises. we both agree on that point.

Then list the goddamn property yourself and try and see if you can match the advertising and marketing experience that a company like REMAX or Patterson Schwartz or BHHS has, faggot.

>HURR MUH KEKSHED.

>property yourself and try and see if you can match the advertising and marketing experience that a company like REMAX or Patterson Schwartz or BHHS has, faggot.
>>HURR MUH KEKSHED.

again my advice is only for people with education and in-demand skills. we've already established cucksheds are a good investment if you have a stable but low skill job like retail or real estate. unfortunately those types of people are not able to command a premium for their skills and so they don't have potential to relocate for better pay.

I can relocate anywhere, pal. Not hard to test for a fucking RE license. And with my graduate degree, I think I'd be fine to even run your fucking business, child. Now take your ass back to r/the_donald with your little meme shit.

you're right we agree, it doesn't take much intelligence or skill to pass a real estate license exam, which is why washed up pornstars and bored housewifes tend to use it to make their chicken scratch money.

i'm sure you'd be able to make 20% raises per year relocating smart guy. I guess it's just weird you've chosen to stay in your cuckshed for the past 8 years instead.

I wonder why

>cuckshed

Again with the little Colbert the_donald memes. Get a new line and some new material, faggot.

>1) If you have no potential and are in retail or are a real estate shill, it's a good idea to buy a cuckshed
2) if you are talented and educated, you're better off moving for job opportunities.

Now let me get you a quote from your previous post >I gave him too much benefit of the doubt and thought he might actually be a developer

And because you brought up hopping between SV and other places for "opportunities" I'm going to assume you work in the tech field. Why would you assume that if people didn't take your path they're either uneducated or talentless? Is that what you think of people who are developers in a different field? Or what about all of the people who moved and stayed in Houston for the medical field? Are they all talentless and uneducated, too? Are the researchers, doctors, and nurses not intelligent enough for you? What about the RICE architect graduates? You have a very small view of the world, user, but I'm not surprised seeing you lived most of your adult life living in CommieCentral.

You are really fucking dumb.

Businesses are cognizant of the fact that talented and educated people have opportunity so they don't give them 1% raises. I've gotten over 10% before due to the very fact that I'm a high performer and they knew if they low balled me Id be able to have another job within 3 days if i wanted to bail.

This is the most retarded advice I ever read.