The Homeowner Thread

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Fake computer crashes dining
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Postby Shotfrog » Fri Mar 15, 2019 10:39 am

Ours is about 15%. I think 25% would be ok depending on how you see your costs changing over the years. Like if you were going to have more kids, that might be more worrisome.
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Postby tgk » Fri Mar 15, 2019 10:41 am

yeah chach you gonna pop out some more kids?
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Postby Robo-Chachi » Fri Mar 15, 2019 11:07 am

Hoping to have a kid come off the books in a few years once she finishes college.

I need to really ramp up retirement savings though. All I have so far is my pension.

We are lucky enough not to have to worry about money too much right now and I don’t think either of us want to return to stressing out about it. However, my wife wants to live downtown (where we both work) and have a move-in ready house. Just don’t think we can swing that at anything less than 20 - 25% So we either need to accept having a big mortgage or accept non-downtown house.
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Postby Merciel » Fri Mar 15, 2019 11:15 am

I'm paying about 50% of take-home toward mortgage.

This works for us, but it works in part because my salary is basically our allowance for living on a day-to-day basis. I don't actually need to save for retirement. If I did it would be a different story.
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Postby Merciel » Fri Mar 15, 2019 11:16 am

I guess that probably explains why I'm so blase about paying a higher-than-recommended percentage of income toward housing costs though.
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Postby lights » Fri Mar 15, 2019 11:18 am

Combined income we pay about 11% of our gross take-home towards the mortgage. Just opened up an HELOC to do a bunch of renovations on the house, though, and are planning on paying that down with enough per month to bump us up to paying 20% of gross.
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Postby Robo-Chachi » Fri Mar 15, 2019 11:22 am

I pretty much live like I don’t have to save for retirement either.
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Postby bluemovers » Fri Mar 15, 2019 11:29 am

we pay 13.5% of our combined, monthly take home income toward our current mortgage (including taxes, insurance, and PMI).

had we actually gotten the house we put an offer on twice over the past few weeks, the mortgage percentage would have increased to 30%.
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Postby Robo-Chachi » Fri Mar 15, 2019 11:38 am

Now we’re talking.
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Postby mcwop23 » Fri Mar 15, 2019 11:44 am

no mortgage, insurance/taxes are $3500/yr
wendy wrote:
colin meloy doesn't need to die
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Postby mcwop23 » Fri Mar 15, 2019 11:45 am

i have a mortgage on my quadplex that’s like 65% of my take home that they shouldn’t have given me but it works because it’s rented obv
wendy wrote:
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Postby Cone » Fri Mar 15, 2019 11:55 am

Ours is right around 25%

We both work freelance so our pay fluctuates month to month but it all evens out to about that much. We specifically used a mortgage lender that was recommended to us because of our industry lol
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Postby bluemovers » Fri Mar 15, 2019 12:03 pm

fun fact, our student loan payments are also exactly 13.5% of our take home.
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Postby what the schmuck » Fri Mar 15, 2019 12:19 pm

our obligated amount is right at 25%. i pay big chunks towards our 2nd right now which fluctuates by month (depending on cc bills, other expenses), but when that is paid off in 5 years or so it'll drop to probably 22% (that takes into account some known pay increases that will go into effect for me and my wife).
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Postby powderfinger » Fri Mar 15, 2019 2:11 pm

We're at about 25% now and then yeah another 13-14% for student loans. Fun times. We also had a loan the proceeds of which we used to build a deck. We paid that off last week and also no longer have a financed vehicle, so at the moment we're free of all other debt and can finally start saving money beyond our retirement plans (j/k the next year of that money is going to get soaked up by stuff we need to do for the house).
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Postby what the schmuck » Fri Mar 15, 2019 2:36 pm

powderfinger wrote:We're at about 25% now and then yeah another 13-14% for student loans. Fun times. We also had a loan the proceeds of which we used to build a deck. We paid that off last week and also no longer have a financed vehicle, so at the moment we're free of all other debt and can finally start saving money beyond our retirement plans (j/k the next year of that money is going to get soaked up by stuff we need to do for the house).


yeah i thought this was going to be a big savings year after we redid the basement last year. Then our sewer line got a crack and they had to demo part of our front porch so now my wife is all 'well...might as well redo all of our landscaping and sidewalks since we have to put in a new porch'

she already put down a deposit for a landscape architect to come out April 3rd to design everything :?
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Postby jbiz » Fri Mar 15, 2019 4:36 pm

as of yesterday our mortgage is our only debt, which is fucking crazy. when i started boarding here i had like $75k in student loans and who knows what else, not including what my wife had when we met. paid off both cars, a short-term loan related to some home improvements from a couple years ago, a new AC system, and the last of my student loans all in the past 6 months. my wife's been on a big dave ramsey kick and it rubbed off on me i guess
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Postby snuggle » Fri Mar 15, 2019 5:02 pm

I had it where it was like 50% or more at one point when my wife was staying at home with the kid and it was very tough
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Postby Paul » Mon Mar 18, 2019 11:28 am

i booked the week off to have this plumbing problem fixed in my home but they didn't schedule the work on their end because they said I didn't tell them it was ok if there was a jackhammer in my home in an email even though I TOLD her I had booked the week off and I spoke to the guy who would be in charge of the work IN PERSON.

what the fuck.
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Postby sadville » Tue Mar 19, 2019 5:36 pm

oh shjit i just bought a house
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Postby bluemovers » Tue Mar 19, 2019 5:38 pm

congrats!
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Postby Paul » Wed Mar 20, 2019 6:39 pm

Jackhammer dudes managed to come yesterday but there was an issue and they went all day today. My head is rattling and my house is now covered in cement dust despite their efforts to keep it contained. Just spent an hour vacuuming.

Image
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Postby Paul » Wed Mar 20, 2019 6:41 pm

the handheld Dyson my family got me for Christmas has come in very handy. Recommended but way too expensive.
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Postby mcwop23 » Wed Mar 20, 2019 8:28 pm

that looks like a nightmare
wendy wrote:
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Postby Cone » Wed Mar 20, 2019 8:47 pm

Paul wrote:the handheld Dyson my family got me for Christmas has come in very handy. Recommended but way too expensive.


There is really nothing more satisfying to me than using a really high quality vacuum


and my condolences on the plumbing issue, that picture almost gave me a panic attack
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Postby Merciel » Wed Mar 20, 2019 9:39 pm

Handheld Dyson does seem like a great investment. I just recommended it to my sister a few days ago (she asked, it wasn't like I was all LET ME TELL YOU ABOUT THIS AMAZING VACUUM).
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Postby bluemovers » Thu Mar 21, 2019 6:06 am

so, we waited 5 days for a reconsideration of value for our appraisal, only to get it back at the exact same (low) value. given what our buyer had said about not spending a cent more, i assumed the deal was about to fall through. i told our agent to let the buyer know she could either meet us halfway on the price and grant us an extension on the closing, or she could find another house.

miraculously, she agreed to do both. so now we’ve got until the end of April to figure out where we’re moving, and we only had to come down a few thousand on the purchase price.
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Postby hbb » Thu Mar 21, 2019 6:12 am

Congratulations, that’s great to hear!
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Postby hbb » Thu Mar 21, 2019 6:16 am

Hope it brightens the mood for your family and you don’t have to be blue movers any more
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Postby mcwop23 » Thu Mar 21, 2019 6:30 am

hell yeah
wendy wrote:
colin meloy doesn't need to die
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