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If you want to purchase a home, you probably need to replace 2k with 4k-5k/month for a mortgage on a home (30 year loan) + ~1k/month in property taxes. Add two
by f3d46600-b66e 5y ago
If you want to purchase a home, you probably need to replace 2k with 4k-5k/month for a mortgage on a home (30 year loan) + ~1k/month in property taxes.
Add two kids, each 2k/mo/child in daycare.
That's 7k/month extra.
Still leaves you a nice chunk though.
- xyzzyz 5y ago> with 4k-5k/month for a mortgage on a home (30 year loan) + ~1k/month in property taxes. That’s if you’re buying $1.3M house. There are plenty of good houses to be had in Seattle for $900k.
- f3d46600-b66e 5y agoI haven't been looking, but i was under the impression that you could have some ... Last year, not in the recent months? Maybe you are right, then the math changes, but only slightly?
- johnqpub 5y agoI own a 1500 sq ft townhouse that I bought in 2017 for $480K with $80k down (all from RSUs, which if I had kept in AMZN would be worth... a lot more). My mortgage (refi'd in 2019) + HOA + taxes are $2500 a month.