4 ms·
Real estate at 1k$/month is like a second mortgage and generally only occurs in the DC coast and north through NYC metro into NE. If you're paying that then you
by sys_64738 8y ago
Real estate at 1k$/month is like a second mortgage and generally only occurs in the DC coast and north through NYC metro into NE. If you're paying that then your mortgage is likely 3x so whatever way you look at it your mortgage is still your largest outgoing until you own outright. Paying such is your choice from then on.
Healthcare is a separate animal and small potatoes if you can afford to pay 3k$/month mortgage as you'll have health coverage via employer.
- m0zg 8y agoNope. Suburbs of Seattle. Mortgage was partially paid down (to obtain a lower APR) and refinanced. But I don't consider the principal balance on my mortgage as "expense". I consider it basically free money that I can keep in index funds and make money. Whereas the amount for healthcare that we pay for two reasonably healthy adults is just obscene IMO (and it goes up 20% in 2019).
- scarface74 8y agoSo you’re living in one of the most expensive areas in the US and think that’s normal? You could easily move to a lower cost of living area and probably find a job that made it worth the move.
- m0zg 8y agoSure I could move. But there's no well paying work there, so it'd be counterproductive. And of the places where there _is_ work, it is by far not the most expensive place to live. NYC or Bay Area are easily 1.5x of Seattle, and that's in addition to state taxes, which WA doesn't have.
- scarface74 8y agoThere are plenty of places in the US where the “well paying jobs” vs cost of living makes sense - for most people it makes more sense than the west coast.