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How absurd is a $3mm house for a family making $800-900k?

...
Spruce Hairraiser Public Bath
  03/20/17
If that's what it takes to have a place to give you a good l...
Electric athletic conference goal in life
  03/20/17
If that's split between husband and wife, then you should bu...
Electric athletic conference goal in life
  03/20/17
assume the wife brings in $250k of that, and has no intentio...
Spruce Hairraiser Public Bath
  03/20/17
$2mil max. Slightly under $2mil if you have high HOA fees.
Electric athletic conference goal in life
  03/20/17
lol at living in a $3M house and sending kids to public scho...
Razzmatazz fishy stag film cuckold
  03/20/17
98% of people in the Bay Area in $3M houses send their kids ...
Dull Lodge National Security Agency
  03/20/17
the world would be better off if a massive earthquake took o...
Razzmatazz fishy stag film cuckold
  03/20/17
let's save Jim_Kelly tp though
Fragrant Obsidian Circlehead
  03/20/17
wtf
cerebral yellow stage headpube
  03/20/17
? he's a good bro. let's save him if a massive earthquak...
Fragrant Obsidian Circlehead
  03/20/17
I think Non sequitur wants to come. We're SV Costco quinoa ...
Dull Lodge National Security Agency
  03/20/17
oh, yeah, of course he can.
Fragrant Obsidian Circlehead
  03/20/17
...
cerebral yellow stage headpube
  03/20/17
ty. Just give me a heads-up and I'll start driving east.
Dull Lodge National Security Agency
  03/20/17
yea he's ok. I'll give him a heads up if I decide to unleas...
Razzmatazz fishy stag film cuckold
  03/20/17
My parents bought in the Bay Area in the 1980s...their house...
Bateful school
  03/20/17
lol at having enough money to send kids to private schools w...
Bespoke Hideous Halford
  03/20/17
I don't think that's absurd at all so long as there's some e...
Fragrant Obsidian Circlehead
  03/20/17
yeah, assuming $750k is probably the absolute bottom for the...
Spruce Hairraiser Public Bath
  03/20/17
even if you/one of you gets laid off?
cerebral yellow stage headpube
  03/20/17
Only the wife can get laid off, but she is in an industry an...
Spruce Hairraiser Public Bath
  03/20/17
what do u do that has so much job security, and are u hiring...
cerebral yellow stage headpube
  03/20/17
The husband is a law partner and the firm is holding off on ...
Spruce Hairraiser Public Bath
  03/20/17
sounds like things are going great and job security is guarn...
cerebral yellow stage headpube
  03/20/17
The law firm hardly ever hires unless someone leaves, and no...
Spruce Hairraiser Public Bath
  03/20/17
if they didnt lay off in 01 or 09 then you're probably fine
cerebral yellow stage headpube
  03/20/17
yeah, none. And in any instance, the guy in the hypo runs t...
Spruce Hairraiser Public Bath
  03/20/17
then it's fine, though ask yourself whether you can do almos...
Fragrant Obsidian Circlehead
  03/20/17
amazingly, you really can't. Would involve either a much sm...
Spruce Hairraiser Public Bath
  03/20/17
Oh wait, are you in SF?
Fragrant Obsidian Circlehead
  03/20/17
the hypo is
Spruce Hairraiser Public Bath
  03/20/17
lol, godspeed
Fragrant Obsidian Circlehead
  03/20/17
Not.
Dull Lodge National Security Agency
  03/20/17
not
Floppy rough-skinned dilemma police squad
  03/20/17
...
walnut yapping immigrant
  03/20/17
(humblebragger
cerebral yellow stage headpube
  03/20/17
...
walnut yapping immigrant
  03/20/17
eh u didnt really have to deltee i was just giving u shit
cerebral yellow stage headpube
  03/20/17
That's probably conservative.
Seedy personal credit line
  03/20/17
No way you earn that much
Overrated yarmulke garrison
  03/20/17
not me, its a hypo
Spruce Hairraiser Public Bath
  03/20/17
depends how much ur mortgage is
purple soggy pit
  03/20/17
Why not just save money and buy all cash? Sellers will be wi...
Overrated yarmulke garrison
  03/20/17
Why do you not mention networth? Sounds like this is totally...
Exhilarant abnormal space brethren
  03/20/17
Assume the folks have about $1.2mm in the various markets/ca...
Spruce Hairraiser Public Bath
  03/20/17
Easily affordable. Mortgage and taxes will be roughly $15...
sinister carmine parlor coffee pot
  03/20/17
"Affordable" but utterly retarded. also both th...
Bateful school
  03/20/17
Cr. OP should move to a place like Redding and buy that same...
Zombie-like silver cuck
  03/20/17
Seems absurd to me. To put into context, my uncle is inde...
Bateful school
  03/20/17
hypo guy should be renting until he starts making real money
Twinkling Odious Lay Mother
  03/20/17
...
lime hunting ground crackhouse
  03/20/17
Should be easily affordable. Would you tell a family making...
vivacious native gay wizard
  03/21/17
well, if you look at it that way....then again, I'm not sure...
Spruce Hairraiser Public Bath
  03/21/17
Keep in mind that income of $700-800k with a $3M house has a...
Fragrant Obsidian Circlehead
  03/21/17


Poast new message in this thread



Reply Favorite

Date: March 20th, 2017 3:51 PM
Author: Spruce Hairraiser Public Bath



(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32874828)



Reply Favorite

Date: March 20th, 2017 3:53 PM
Author: Electric athletic conference goal in life

If that's what it takes to have a place to give you a good lifestyle in the city you live in, then it is likely worth it -- especially if it has good schools.

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32874836)



Reply Favorite

Date: March 20th, 2017 3:55 PM
Author: Electric athletic conference goal in life

If that's split between husband and wife, then you should buy based on assumption wife will not be working in 5 years.

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32874860)



Reply Favorite

Date: March 20th, 2017 3:56 PM
Author: Spruce Hairraiser Public Bath

assume the wife brings in $250k of that, and has no intention of not working.

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32874872)



Reply Favorite

Date: March 20th, 2017 4:00 PM
Author: Electric athletic conference goal in life

$2mil max. Slightly under $2mil if you have high HOA fees.

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32874901)



Reply Favorite

Date: March 20th, 2017 4:06 PM
Author: Razzmatazz fishy stag film cuckold

lol at living in a $3M house and sending kids to public school

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32874941)



Reply Favorite

Date: March 20th, 2017 4:15 PM
Author: Dull Lodge National Security Agency

98% of people in the Bay Area in $3M houses send their kids to public school.

There are some good Catholic schools if that appeals, but it's not like you'll be buying a $1M house then. The privates are $45k (just checked CSUS) and your kid will be the poorest one there as the child of a lolfirm partner.

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32875004)



Reply Favorite

Date: March 20th, 2017 4:33 PM
Author: Razzmatazz fishy stag film cuckold

the world would be better off if a massive earthquake took out everyone in that hellhole

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32875113)



Reply Favorite

Date: March 20th, 2017 4:35 PM
Author: Fragrant Obsidian Circlehead

let's save Jim_Kelly tp though

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32875129)



Reply Favorite

Date: March 20th, 2017 4:35 PM
Author: cerebral yellow stage headpube

wtf

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32875131)



Reply Favorite

Date: March 20th, 2017 4:37 PM
Author: Fragrant Obsidian Circlehead

?

he's a good bro. let's save him if a massive earthquake hits the bay area

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32875143)



Reply Favorite

Date: March 20th, 2017 4:40 PM
Author: Dull Lodge National Security Agency

I think Non sequitur wants to come. We're SV Costco quinoa salad buddies.

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32875166)



Reply Favorite

Date: March 20th, 2017 4:42 PM
Author: Fragrant Obsidian Circlehead

oh, yeah, of course he can.

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32875183)



Reply Favorite

Date: March 20th, 2017 4:42 PM
Author: cerebral yellow stage headpube



(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32875188)



Reply Favorite

Date: March 20th, 2017 4:37 PM
Author: Dull Lodge National Security Agency

ty. Just give me a heads-up and I'll start driving east.

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32875140)



Reply Favorite

Date: March 20th, 2017 4:43 PM
Author: Razzmatazz fishy stag film cuckold

yea he's ok. I'll give him a heads up if I decide to unleash my pumo powers

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32875203)



Reply Favorite

Date: March 20th, 2017 6:58 PM
Author: Bateful school

My parents bought in the Bay Area in the 1980s...their house is now worth like 1.5 million despite having bought it for 200k. Obviously no mortgage.

LOL @ youngs buying property in the Bay Area.

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32876136)



Reply Favorite

Date: March 20th, 2017 4:31 PM
Author: Bespoke Hideous Halford

lol at having enough money to send kids to private schools when you make 800k and live in a 3m house

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32875106)



Reply Favorite

Date: March 20th, 2017 3:54 PM
Author: Fragrant Obsidian Circlehead

I don't think that's absurd at all so long as there's some expectation of consistency w/r/t that income.

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32874850)



Reply Favorite

Date: March 20th, 2017 3:56 PM
Author: Spruce Hairraiser Public Bath

yeah, assuming $750k is probably the absolute bottom for the foreseeable future.

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32874862)



Reply Favorite

Date: March 20th, 2017 3:56 PM
Author: cerebral yellow stage headpube

even if you/one of you gets laid off?

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32874866)



Reply Favorite

Date: March 20th, 2017 3:58 PM
Author: Spruce Hairraiser Public Bath

Only the wife can get laid off, but she is in an industry and has a skill set where the likelihood is that she would have a job very quickly unless the world changes a lot.

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32874882)



Reply Favorite

Date: March 20th, 2017 3:58 PM
Author: cerebral yellow stage headpube

what do u do that has so much job security, and are u hiring?

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32874886)



Reply Favorite

Date: March 20th, 2017 4:04 PM
Author: Spruce Hairraiser Public Bath

The husband is a law partner and the firm is holding off on more hiring.

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32874929)



Reply Favorite

Date: March 20th, 2017 4:05 PM
Author: cerebral yellow stage headpube

sounds like things are going great and job security is guarnateed when a hiring freeze is going on at his workplace during a time that SF rents/mortgage prices are dipping and the tech industry is going to hit a recession in the next 12-18 months

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32874936)



Reply Favorite

Date: March 20th, 2017 4:10 PM
Author: Spruce Hairraiser Public Bath

The law firm hardly ever hires unless someone leaves, and no one has left lately. That's why it is has been stable for 40+ years.



(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32874971)



Reply Favorite

Date: March 20th, 2017 4:14 PM
Author: cerebral yellow stage headpube

if they didnt lay off in 01 or 09 then you're probably fine

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32874997)



Reply Favorite

Date: March 20th, 2017 4:27 PM
Author: Spruce Hairraiser Public Bath

yeah, none. And in any instance, the guy in the hypo runs the firm. He doesn't get laid off, he does the laying off. He might have a few bad years relatively of like $500k in profits, but no one is firing him....the firm would have to go under.

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32875081)



Reply Favorite

Date: March 20th, 2017 3:57 PM
Author: Fragrant Obsidian Circlehead

then it's fine, though ask yourself whether you can do almost as well at $2M

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32874878)



Reply Favorite

Date: March 20th, 2017 3:59 PM
Author: Spruce Hairraiser Public Bath

amazingly, you really can't. Would involve either a much smaller place or living in a suburb type place.

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32874892)



Reply Favorite

Date: March 20th, 2017 4:01 PM
Author: Fragrant Obsidian Circlehead

Oh wait, are you in SF?

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32874907)



Reply Favorite

Date: March 20th, 2017 4:03 PM
Author: Spruce Hairraiser Public Bath

the hypo is

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32874916)



Reply Favorite

Date: March 20th, 2017 4:04 PM
Author: Fragrant Obsidian Circlehead

lol, godspeed

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32874928)



Reply Favorite

Date: March 20th, 2017 3:55 PM
Author: Dull Lodge National Security Agency

Not.

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32874854)



Reply Favorite

Date: March 20th, 2017 3:55 PM
Author: Floppy rough-skinned dilemma police squad

not

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32874859)



Reply Favorite

Date: March 20th, 2017 4:05 PM
Author: walnut yapping immigrant



(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32874934)



Reply Favorite

Date: March 20th, 2017 4:06 PM
Author: cerebral yellow stage headpube

(humblebragger

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32874940)



Reply Favorite

Date: March 20th, 2017 4:07 PM
Author: walnut yapping immigrant



(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32874955)



Reply Favorite

Date: March 20th, 2017 4:16 PM
Author: cerebral yellow stage headpube

eh u didnt really have to deltee i was just giving u shit

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32875007)



Reply Favorite

Date: March 20th, 2017 4:09 PM
Author: Seedy personal credit line

That's probably conservative.

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32874963)



Reply Favorite

Date: March 20th, 2017 4:12 PM
Author: Overrated yarmulke garrison

No way you earn that much

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32874986)



Reply Favorite

Date: March 20th, 2017 4:28 PM
Author: Spruce Hairraiser Public Bath

not me, its a hypo

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32875087)



Reply Favorite

Date: March 20th, 2017 4:14 PM
Author: purple soggy pit

depends how much ur mortgage is

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32874996)



Reply Favorite

Date: March 20th, 2017 4:16 PM
Author: Overrated yarmulke garrison

Why not just save money and buy all cash? Sellers will be willing to lower their prices if you buy all cash. Also, look for FOR foreclosures. It makes no sense to take out a mortgage when you can be paying a house all cash. Can't you save?

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32875009)



Reply Favorite

Date: March 20th, 2017 4:39 PM
Author: Exhilarant abnormal space brethren

Why do you not mention networth? Sounds like this is totally made-up with no effort put in to consider a realistic scenerio or the couple you are talking about are horrifically irresponsible. Spending $3M+ on a house w/ NI of $800k when you have zero savings vs. when you have $4M saved up and invested in a diversified portfolio makes a big difference.

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32875155)



Reply Favorite

Date: March 20th, 2017 4:58 PM
Author: Spruce Hairraiser Public Bath

Assume the folks have about $1.2mm in the various markets/cash and another $600k in investment property equity, and then like $900k of home equity (ie: loan of $2.1mm on this $3mm home).

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32875328)



Reply Favorite

Date: March 20th, 2017 5:55 PM
Author: sinister carmine parlor coffee pot

Easily affordable.

Mortgage and taxes will be roughly $15k/month. Just keep 6 months (12 to be ultra conservative) of living expenses in cash. It would suck to dip into investments if you lose your job during a recession and your investments are also down 20%.

I'd personally put more money down though and only have $1.5m or less mortgage. If his wife is bringing in$250k and he is bringing in $500k+/year, it's highly unlikely they dip below $500k in combined income but one never knows and I wouldn't be comfortable shelling out $15k/mo on housing on a $500k combined income. It's doable but hard to save.

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32875752)



Reply Favorite

Date: March 20th, 2017 7:01 PM
Author: Bateful school

"Affordable" but utterly retarded.

also both the housing and stock markets likely won't be as good in our lifetime as it was for the boomers. LOL @ paying 3 mill for some shitshack when you make 800k.

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32876155)



Reply Favorite

Date: March 20th, 2017 8:11 PM
Author: Zombie-like silver cuck

Cr. OP should move to a place like Redding and buy that same house for $300k

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32876707)



Reply Favorite

Date: March 20th, 2017 6:57 PM
Author: Bateful school

Seems absurd to me.

To put into context, my uncle is independently wealthy and has 100 million net worth and lives in a 3-4 million house.

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32876130)



Reply Favorite

Date: March 20th, 2017 6:59 PM
Author: Twinkling Odious Lay Mother

hypo guy should be renting until he starts making real money

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32876143)



Reply Favorite

Date: March 20th, 2017 7:27 PM
Author: lime hunting ground crackhouse



(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32876347)



Reply Favorite

Date: March 21st, 2017 12:03 AM
Author: vivacious native gay wizard

Should be easily affordable. Would you tell a family making $90K that they shouldn't buy a $300k house?

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32878491)



Reply Favorite

Date: March 21st, 2017 4:48 PM
Author: Spruce Hairraiser Public Bath

well, if you look at it that way....then again, I'm not sure what I would tell a family that made $80k or $70k....

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32882800)



Reply Favorite

Date: March 21st, 2017 4:54 PM
Author: Fragrant Obsidian Circlehead

Keep in mind that income of $700-800k with a $3M house has a lot more discretionary income than $70-80k with a $300k house. There's only so much one will spend on food, nursery school, a car, etc.

Having said that, the house is a lot to carry, so concessions have to be made, and spending in other areas will have to be a bit less crazy.

(http://www.autoadmit.com/thread.php?thread_id=3558972&forum_id=2#32882849)