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

...
garnet aphrodisiac feces hunting ground
  03/20/17
If that's what it takes to have a place to give you a good l...
Amethyst partner persian
  03/20/17
If that's split between husband and wife, then you should bu...
Amethyst partner persian
  03/20/17
assume the wife brings in $250k of that, and has no intentio...
garnet aphrodisiac feces hunting ground
  03/20/17
$2mil max. Slightly under $2mil if you have high HOA fees.
Amethyst partner persian
  03/20/17
lol at living in a $3M house and sending kids to public scho...
shimmering charismatic haunted graveyard coldplay fan
  03/20/17
98% of people in the Bay Area in $3M houses send their kids ...
Galvanic Area Pozpig
  03/20/17
the world would be better off if a massive earthquake took o...
shimmering charismatic haunted graveyard coldplay fan
  03/20/17
let's save Jim_Kelly tp though
Jet exhilarant native
  03/20/17
wtf
Exciting affirmative action state
  03/20/17
? he's a good bro. let's save him if a massive earthquak...
Jet exhilarant native
  03/20/17
I think Non sequitur wants to come. We're SV Costco quinoa ...
Galvanic Area Pozpig
  03/20/17
oh, yeah, of course he can.
Jet exhilarant native
  03/20/17
...
Exciting affirmative action state
  03/20/17
ty. Just give me a heads-up and I'll start driving east.
Galvanic Area Pozpig
  03/20/17
yea he's ok. I'll give him a heads up if I decide to unleas...
shimmering charismatic haunted graveyard coldplay fan
  03/20/17
My parents bought in the Bay Area in the 1980s...their house...
blue rambunctious principal's office
  03/20/17
lol at having enough money to send kids to private schools w...
Beady-eyed sneaky criminal
  03/20/17
I don't think that's absurd at all so long as there's some e...
Jet exhilarant native
  03/20/17
yeah, assuming $750k is probably the absolute bottom for the...
garnet aphrodisiac feces hunting ground
  03/20/17
even if you/one of you gets laid off?
Exciting affirmative action state
  03/20/17
Only the wife can get laid off, but she is in an industry an...
garnet aphrodisiac feces hunting ground
  03/20/17
what do u do that has so much job security, and are u hiring...
Exciting affirmative action state
  03/20/17
The husband is a law partner and the firm is holding off on ...
garnet aphrodisiac feces hunting ground
  03/20/17
sounds like things are going great and job security is guarn...
Exciting affirmative action state
  03/20/17
The law firm hardly ever hires unless someone leaves, and no...
garnet aphrodisiac feces hunting ground
  03/20/17
if they didnt lay off in 01 or 09 then you're probably fine
Exciting affirmative action state
  03/20/17
yeah, none. And in any instance, the guy in the hypo runs t...
garnet aphrodisiac feces hunting ground
  03/20/17
then it's fine, though ask yourself whether you can do almos...
Jet exhilarant native
  03/20/17
amazingly, you really can't. Would involve either a much sm...
garnet aphrodisiac feces hunting ground
  03/20/17
Oh wait, are you in SF?
Jet exhilarant native
  03/20/17
the hypo is
garnet aphrodisiac feces hunting ground
  03/20/17
lol, godspeed
Jet exhilarant native
  03/20/17
Not.
Galvanic Area Pozpig
  03/20/17
not
Arousing cowardly stage kitty
  03/20/17
...
passionate big-titted organic girlfriend
  03/20/17
(humblebragger
Exciting affirmative action state
  03/20/17
...
passionate big-titted organic girlfriend
  03/20/17
eh u didnt really have to deltee i was just giving u shit
Exciting affirmative action state
  03/20/17
That's probably conservative.
salmon misunderstood hell death wish
  03/20/17
No way you earn that much
contagious slate liquid oxygen
  03/20/17
not me, its a hypo
garnet aphrodisiac feces hunting ground
  03/20/17
depends how much ur mortgage is
ebony aromatic hospital scourge upon the earth
  03/20/17
Why not just save money and buy all cash? Sellers will be wi...
contagious slate liquid oxygen
  03/20/17
Why do you not mention networth? Sounds like this is totally...
Electric French Chef Heaven
  03/20/17
Assume the folks have about $1.2mm in the various markets/ca...
garnet aphrodisiac feces hunting ground
  03/20/17
Easily affordable. Mortgage and taxes will be roughly $15...
Gold toilet seat sanctuary
  03/20/17
"Affordable" but utterly retarded. also both th...
blue rambunctious principal's office
  03/20/17
Cr. OP should move to a place like Redding and buy that same...
Laughsome public bath
  03/20/17
Seems absurd to me. To put into context, my uncle is inde...
blue rambunctious principal's office
  03/20/17
hypo guy should be renting until he starts making real money
Talented rigpig famous landscape painting
  03/20/17
...
Rusted trip gas station masturbator
  03/20/17
Should be easily affordable. Would you tell a family making...
lascivious chestnut old irish cottage half-breed
  03/21/17
well, if you look at it that way....then again, I'm not sure...
garnet aphrodisiac feces hunting ground
  03/21/17
Keep in mind that income of $700-800k with a $3M house has a...
Jet exhilarant native
  03/21/17


Poast new message in this thread



Reply Favorite

Date: March 20th, 2017 3:51 PM
Author: garnet aphrodisiac feces hunting ground



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



Reply Favorite

Date: March 20th, 2017 3:53 PM
Author: Amethyst partner persian

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: Amethyst partner persian

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: garnet aphrodisiac feces hunting ground

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: Amethyst partner persian

$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: shimmering charismatic haunted graveyard coldplay fan

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: Galvanic Area Pozpig

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: shimmering charismatic haunted graveyard coldplay fan

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: Jet exhilarant native

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: Exciting affirmative action state

wtf

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



Reply Favorite

Date: March 20th, 2017 4:37 PM
Author: Jet exhilarant native

?

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: Galvanic Area Pozpig

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: Jet exhilarant native

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: Exciting affirmative action state



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



Reply Favorite

Date: March 20th, 2017 4:37 PM
Author: Galvanic Area Pozpig

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: shimmering charismatic haunted graveyard coldplay fan

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: blue rambunctious principal's office

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: Beady-eyed sneaky criminal

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: Jet exhilarant native

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: garnet aphrodisiac feces hunting ground

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: Exciting affirmative action state

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: garnet aphrodisiac feces hunting ground

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: Exciting affirmative action state

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: garnet aphrodisiac feces hunting ground

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: Exciting affirmative action state

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: garnet aphrodisiac feces hunting ground

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: Exciting affirmative action state

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: garnet aphrodisiac feces hunting ground

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: Jet exhilarant native

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: garnet aphrodisiac feces hunting ground

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: Jet exhilarant native

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: garnet aphrodisiac feces hunting ground

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: Jet exhilarant native

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: Galvanic Area Pozpig

Not.

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



Reply Favorite

Date: March 20th, 2017 3:55 PM
Author: Arousing cowardly stage kitty

not

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



Reply Favorite

Date: March 20th, 2017 4:05 PM
Author: passionate big-titted organic girlfriend



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



Reply Favorite

Date: March 20th, 2017 4:06 PM
Author: Exciting affirmative action state

(humblebragger

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



Reply Favorite

Date: March 20th, 2017 4:07 PM
Author: passionate big-titted organic girlfriend



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



Reply Favorite

Date: March 20th, 2017 4:16 PM
Author: Exciting affirmative action state

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: salmon misunderstood hell death wish

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: contagious slate liquid oxygen

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: garnet aphrodisiac feces hunting ground

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: ebony aromatic hospital scourge upon the earth

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: contagious slate liquid oxygen

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: Electric French Chef Heaven

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: garnet aphrodisiac feces hunting ground

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: Gold toilet seat sanctuary

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: blue rambunctious principal's office

"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: Laughsome public bath

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: blue rambunctious principal's office

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: Talented rigpig famous landscape painting

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: Rusted trip gas station masturbator



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



Reply Favorite

Date: March 21st, 2017 12:03 AM
Author: lascivious chestnut old irish cottage half-breed

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: garnet aphrodisiac feces hunting ground

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: Jet exhilarant native

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)