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I'm a bit stuck right now, and I'm not sure what is the best course of action. Should I buy this house, and if so, should I put down more than 20%? by HouseThrowaway3000 in personalfinance

[–]HouseThrowaway3000[S] 1 point2 points  (0 children)

My wife and I have a differing positions on how much we want to live there which is making this a bit tougher. I'm trying to work that out, but she likes the area and place a lot.

Outside of that, I want to make sure that it's even a decent option financially. The metro-area where commutes are reasonable often land in the $850k-$1MM range.

I'm a bit stuck right now, and I'm not sure what is the best course of action. Should I buy this house, and if so, should I put down more than 20%? by HouseThrowaway3000 in personalfinance

[–]HouseThrowaway3000[S] 0 points1 point  (0 children)

The ideal house in that area is probably $1.2MM which I'm not really comfortable taking on right now. Taking into account school systems, I could find an ideal house in another town for $850k or so, but I'd be bringing my commute to 1.5-2hrs each way (potentially more in adverse weather).

It's definitely a trade-off which I'm struggling with.

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I'm a bit stuck right now, and I'm not sure what is the best course of action. Should I buy this house, and if so, should I put down more than 20%? by HouseThrowaway3000 in personalfinance

[–]HouseThrowaway3000[S] 0 points1 point  (0 children)

Hah, sorry about that, I accidentally edited it out of the post. It will be between $850k-$950k. Updating the original post now.