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Minimum household income for $1.5 million house assuming $30k in property taxes

and HOA fees annually. About to pull the trigger on this gol...
Flickering casino
  05/01/25
$800k
Concupiscible ape cuckold
  05/01/25
500k
up-to-no-good plum reading party
  05/01/25
$300k
beady-eyed ultramarine station
  05/01/25
200k
comical awkward double fault
  05/01/25
How much is P&I on the mortgage?
supple space associate
  05/01/25
hoa of 32k is killself level so just enough to buy a gun and...
boyish bat shit crazy dilemma
  05/01/25
HOA is $2k, tax is $30k. In any event, double gross inc...
clear magical clown
  05/01/25
are you living on a golf course in nj or ca?
boyish bat shit crazy dilemma
  05/01/25
I live above the interstate. Reread the initial post. $32k...
clear magical clown
  05/01/25
k i see youre not op but 2% is a lot for ptaxes
boyish bat shit crazy dilemma
  05/01/25
Depends on where you are ….
clear magical clown
  05/01/25
It is shit but it is the norm in some places... Fortunately ...
mentally impaired queen of the night faggotry
  05/02/25
Uh... why are you answering as though you're the OP? Drun...
zombie-like business firm turdskin
  05/01/25
He was just summarizing what he could clean from the thread ...
mentally impaired queen of the night faggotry
  05/01/25
Shouldn’t buy more than 4x or 5x one’s gross inc...
coral insanely creepy crackhouse shitlib
  05/01/25
the "rule of thumb" is more like 2.5-3x gross inco...
Well-lubricated Headpube
  05/01/25
2. The 28% rule If you’re following this general rule...
coral insanely creepy crackhouse shitlib
  05/01/25
...
hot forum
  05/01/25
lmao
Well-lubricated Headpube
  05/01/25
Seems ruinous
mentally impaired queen of the night faggotry
  05/01/25
Net worth? Down payment? Being "house poor" would ...
flesh yarmulke
  05/01/25
jfc @ 30k/year in property taxes ljl
mentally impaired queen of the night faggotry
  05/01/25
Wife is trying to get me to buy a $1.3M house with a $27k ta...
Walnut arrogant trailer park
  05/01/25
Convert your wife to a rental
gay water buffalo private investor
  05/01/25
Actually don’t. Bc his luck she will make $1 million o...
beady-eyed ultramarine station
  05/02/25
i'm actually not known for having bad luck.
Walnut arrogant trailer park
  05/02/25
good riddance
gay water buffalo private investor
  05/03/25
The problem is the $30k property taxes. At least with RE you...
Sickened violet kitty cat heaven
  05/01/25
shut the hell up loser
Well-lubricated Headpube
  05/01/25
Just stating facts, champ.
Sickened violet kitty cat heaven
  05/01/25
I thought you were pretending to live in Florida these days....
arousing chrome incel
  05/01/25
Lol @ living anywhere that charges this outrageous property ...
mentally impaired queen of the night faggotry
  05/01/25
Same hypo, but only $5k in taxes. Minimum HHI?
Impressive excitant halford national security agency
  05/01/25
150k
comical awkward double fault
  05/01/25


Poast new message in this thread



Reply Favorite

Date: May 1st, 2025 9:40 AM
Author: Flickering casino

and HOA fees annually. About to pull the trigger on this golf course property.... Property tax + golf course HOA = $32k per year.

(http://www.autoadmit.com/thread.php?thread_id=5719200&forum_id=2)#48895935)



Reply Favorite

Date: May 1st, 2025 9:44 AM
Author: Concupiscible ape cuckold

$800k

(http://www.autoadmit.com/thread.php?thread_id=5719200&forum_id=2)#48895939)



Reply Favorite

Date: May 1st, 2025 9:44 AM
Author: up-to-no-good plum reading party

500k

(http://www.autoadmit.com/thread.php?thread_id=5719200&forum_id=2)#48895940)



Reply Favorite

Date: May 1st, 2025 9:45 AM
Author: beady-eyed ultramarine station

$300k

(http://www.autoadmit.com/thread.php?thread_id=5719200&forum_id=2)#48895943)



Reply Favorite

Date: May 1st, 2025 9:48 AM
Author: comical awkward double fault

200k

(http://www.autoadmit.com/thread.php?thread_id=5719200&forum_id=2)#48895946)



Reply Favorite

Date: May 1st, 2025 9:49 AM
Author: supple space associate

How much is P&I on the mortgage?

(http://www.autoadmit.com/thread.php?thread_id=5719200&forum_id=2)#48895954)



Reply Favorite

Date: May 1st, 2025 9:52 AM
Author: boyish bat shit crazy dilemma

hoa of 32k is killself level so just enough to buy a gun and end it all

(http://www.autoadmit.com/thread.php?thread_id=5719200&forum_id=2)#48895961)



Reply Favorite

Date: May 1st, 2025 9:54 AM
Author: clear magical clown

HOA is $2k, tax is $30k.

In any event, double gross income is safe so $750k

(http://www.autoadmit.com/thread.php?thread_id=5719200&forum_id=2)#48895968)



Reply Favorite

Date: May 1st, 2025 9:55 AM
Author: boyish bat shit crazy dilemma

are you living on a golf course in nj or ca?

(http://www.autoadmit.com/thread.php?thread_id=5719200&forum_id=2)#48895969)



Reply Favorite

Date: May 1st, 2025 1:07 PM
Author: clear magical clown

I live above the interstate. Reread the initial post. $32k all in, not $32k HOA.

(http://www.autoadmit.com/thread.php?thread_id=5719200&forum_id=2)#48896395)



Reply Favorite

Date: May 1st, 2025 2:36 PM
Author: boyish bat shit crazy dilemma

k i see youre not op but 2% is a lot for ptaxes

(http://www.autoadmit.com/thread.php?thread_id=5719200&forum_id=2)#48896643)



Reply Favorite

Date: May 1st, 2025 5:16 PM
Author: clear magical clown

Depends on where you are ….

(http://www.autoadmit.com/thread.php?thread_id=5719200&forum_id=2)#48897101)



Reply Favorite

Date: May 2nd, 2025 11:20 AM
Author: mentally impaired queen of the night faggotry

It is shit but it is the norm in some places... Fortunately those places are easily avoided

Lol @ paying 30k annually for boomer pensions, I couldn't look at myself in the mirror

(http://www.autoadmit.com/thread.php?thread_id=5719200&forum_id=2)#48898688)



Reply Favorite

Date: May 1st, 2025 3:57 PM
Author: zombie-like business firm turdskin

Uh... why are you answering as though you're the OP?

Drunkard = Are Reptile?

Lmao wow

(http://www.autoadmit.com/thread.php?thread_id=5719200&forum_id=2)#48896873)



Reply Favorite

Date: May 1st, 2025 6:07 PM
Author: mentally impaired queen of the night faggotry

He was just summarizing what he could clean from the thread title

(http://www.autoadmit.com/thread.php?thread_id=5719200&forum_id=2)#48897237)



Reply Favorite

Date: May 1st, 2025 1:08 PM
Author: coral insanely creepy crackhouse shitlib

Shouldn’t buy more than 4x or 5x one’s gross income is the rule of thumb

So 300-400k

(http://www.autoadmit.com/thread.php?thread_id=5719200&forum_id=2)#48896400)



Reply Favorite

Date: May 1st, 2025 1:11 PM
Author: Well-lubricated Headpube

the "rule of thumb" is more like 2.5-3x gross income

(http://www.autoadmit.com/thread.php?thread_id=5719200&forum_id=2)#48896411)



Reply Favorite

Date: May 1st, 2025 2:42 PM
Author: coral insanely creepy crackhouse shitlib

2. The 28% rule

If you’re following this general rule, you shouldn’t spend more than 28% of your gross income (what you take home before taxes) on your mortgage payment (principal and interest).

Example: If your household income is $100,000, then you can afford to spend around $2,300 on your mortgage principal and interest per month; with these numbers, and assuming you have good credit (a score of 680+) and 6.7% for a down payment, then you should be looking at homes priced around $450,000.

https://www.homelight.com/blog/buyer-how-much-house-can-i-afford-rule-of-thumb/

(http://www.autoadmit.com/thread.php?thread_id=5719200&forum_id=2)#48896656)



Reply Favorite

Date: May 1st, 2025 2:43 PM
Author: hot forum



(http://www.autoadmit.com/thread.php?thread_id=5719200&forum_id=2)#48896660)



Reply Favorite

Date: May 1st, 2025 2:47 PM
Author: Well-lubricated Headpube

lmao

(http://www.autoadmit.com/thread.php?thread_id=5719200&forum_id=2)#48896674)



Reply Favorite

Date: May 1st, 2025 4:57 PM
Author: mentally impaired queen of the night faggotry

Seems ruinous

(http://www.autoadmit.com/thread.php?thread_id=5719200&forum_id=2)#48897066)



Reply Favorite

Date: May 1st, 2025 2:55 PM
Author: flesh yarmulke

Net worth? Down payment? Being "house poor" would be rough, and you risk falling into foreclosure if you cut it too close on income and get behind on mortgage payments.

If you have 7 figures invested (you wouldn't be asking if you had more than that invested), you (a) don't need to save as much, as you should earn $100k+ each year in investment growth, and (b) don't have to worry about foreclosure nearly as much.

Assuming you're putting 20% down and looking at something like $10k/month PITI + HOA, I'd say you need $350k HHI if you have good savings/investments, $500k HHI (and good job security) if you don't.



(http://www.autoadmit.com/thread.php?thread_id=5719200&forum_id=2)#48896700)



Reply Favorite

Date: May 1st, 2025 2:55 PM
Author: mentally impaired queen of the night faggotry

jfc @ 30k/year in property taxes ljl

(http://www.autoadmit.com/thread.php?thread_id=5719200&forum_id=2)#48896702)



Reply Favorite

Date: May 1st, 2025 2:56 PM
Author: Walnut arrogant trailer park

Wife is trying to get me to buy a $1.3M house with a $27k tax bill without selling our current house which would be converted to a 2 unit rental.

cr?

(http://www.autoadmit.com/thread.php?thread_id=5719200&forum_id=2)#48896706)



Reply Favorite

Date: May 1st, 2025 2:57 PM
Author: gay water buffalo private investor

Convert your wife to a rental

(http://www.autoadmit.com/thread.php?thread_id=5719200&forum_id=2)#48896709)



Reply Favorite

Date: May 2nd, 2025 10:42 AM
Author: beady-eyed ultramarine station

Actually don’t. Bc his luck she will make $1 million on OF and say “see how easy it is to make money? You’re a loser! I’m leaving you for a Tall man on a yacht!”

(http://www.autoadmit.com/thread.php?thread_id=5719200&forum_id=2)#48898613)



Reply Favorite

Date: May 2nd, 2025 10:53 AM
Author: Walnut arrogant trailer park

i'm actually not known for having bad luck.

(http://www.autoadmit.com/thread.php?thread_id=5719200&forum_id=2)#48898637)



Reply Favorite

Date: May 3rd, 2025 12:12 AM
Author: gay water buffalo private investor

good riddance

(http://www.autoadmit.com/thread.php?thread_id=5719200&forum_id=2)#48900612)



Reply Favorite

Date: May 1st, 2025 3:02 PM
Author: Sickened violet kitty cat heaven

The problem is the $30k property taxes. At least with RE you can justify it bc it’s an “asset.” $30k is Ruinous. Like 20% of OYT’s net worth.

(http://www.autoadmit.com/thread.php?thread_id=5719200&forum_id=2)#48896722)



Reply Favorite

Date: May 1st, 2025 3:21 PM
Author: Well-lubricated Headpube

shut the hell up loser

(http://www.autoadmit.com/thread.php?thread_id=5719200&forum_id=2)#48896771)



Reply Favorite

Date: May 1st, 2025 3:49 PM
Author: Sickened violet kitty cat heaven

Just stating facts, champ.

(http://www.autoadmit.com/thread.php?thread_id=5719200&forum_id=2)#48896852)



Reply Favorite

Date: May 1st, 2025 3:11 PM
Author: arousing chrome incel

I thought you were pretending to live in Florida these days. The only places with 2% property taxes are Illinois, NJ, and Texas. So enjoy New Jersey!

(http://www.autoadmit.com/thread.php?thread_id=5719200&forum_id=2)#48896750)



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Date: May 1st, 2025 4:53 PM
Author: mentally impaired queen of the night faggotry

Lol @ living anywhere that charges this outrageous property TTTax raTTTe

(http://www.autoadmit.com/thread.php?thread_id=5719200&forum_id=2)#48897056)



Reply Favorite

Date: May 1st, 2025 4:58 PM
Author: Impressive excitant halford national security agency

Same hypo, but only $5k in taxes. Minimum HHI?

(http://www.autoadmit.com/thread.php?thread_id=5719200&forum_id=2)#48897068)



Reply Favorite

Date: May 1st, 2025 5:18 PM
Author: comical awkward double fault

150k

(http://www.autoadmit.com/thread.php?thread_id=5719200&forum_id=2)#48897105)