LogFAQs > #963140475

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Topic	Can we afford this house?
bigblu89 03/03/22 4:24:11 PM #22:	Cleo_II posted... When did you buy your house? How much did you buy it for? How much square footage? Using one example doesnt mean much with current market trends. The 2000 sqft house we bought in 2017 for $740k is now worth $1.2 mil. Theres a housing frenzy in a lot of markets where people are doing bidding wars. $5k mortgages currently are not outside the norm. Maybe, as I did buy it quite some time ago and then GW Bush was nice enough to crash the housing market, allowing us to refinance for a crazy low APR. Our house is currently valued at around 200K more than we paid. So you may be right, and I just haven't really been paying attention to the housing market. But a $5K a month mortgage a month still sounds ludicrous to me. --- It takes zero effort to be a good person. <cite>bigblu89 posted [p:963140475] in Can we aff... [t:79925985]...</cite> <quote>Cleo_II posted... </cite> <quote>When did you buy your house? How much did you buy it for? How much square footage? Using one example doesnt mean much with current market trends. The 2000 sqft house we bought in 2017 for $740k is now worth $1.2 mil. Theres a housing frenzy in a lot of markets where people are doing bidding wars. $5k mortgages currently are not outside the norm.</quote>Maybe, as I did buy it quite some time ago and then GW Bush was nice enough to crash the housing market, allowing us to refinance for a crazy low APR. Our house is currently valued at around 200K more than we paid. So you may be right, and I just haven't really been paying attention to the housing market. But a $5K a month mortgage a month still sounds ludicrous to me. --- It takes zero effort to be a good person.</quote> ... Copied to Clipboard!
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