makes-more-sense
makes-more-sense OP t1_iy89bs6 wrote
Reply to comment by sephiroth3650 in Started working two years ago — how much savings/income should I strive for to afford an expensive house within the next five years without being "house poor"? by makes-more-sense
My baseline monthly expense is $1000 — Rent and utilities is approx $450 a month. Food varies within $120 - $400. Domestic travel (For work, seeing family, etc) varies a lot but is about $200 a month. The rest is incidentals. I don't really have concrete savings goals other than for a down payment, though my work does have a 401k that I contribute to. The house would also be for me — I guess the for-my-father point is materially irrelevant (Though I personally would've been fine being in another city)
makes-more-sense OP t1_iy86zgr wrote
Reply to comment by mrbrsman in Started working two years ago — how much savings/income should I strive for to afford an expensive house within the next five years without being "house poor"? by makes-more-sense
Those townhomes are the $1.4 million houses haha
makes-more-sense OP t1_iy86nu8 wrote
Reply to comment by pancak3d in Started working two years ago — how much savings/income should I strive for to afford an expensive house within the next five years without being "house poor"? by makes-more-sense
This would be a primary residence.
makes-more-sense OP t1_iy86igj wrote
Reply to comment by sephiroth3650 in Started working two years ago — how much savings/income should I strive for to afford an expensive house within the next five years without being "house poor"? by makes-more-sense
😔 Ignoring my present salary, what would be a decent income/savings per month to target then?
makes-more-sense OP t1_iy89spt wrote
Reply to comment by Badroadrash101 in Started working two years ago — how much savings/income should I strive for to afford an expensive house within the next five years without being "house poor"? by makes-more-sense
Not really … maybe I guess like $1000 a month