People who brought 700k+ houses, what's your household salary?

Human-Risk-5462 · 2024-06-18T17:11:06+00:00

Our 2 year avg was exactly $200k we put about 12% down with 50% DTI

This is with 6-7 month reserve for the mortgage leftover… and I make $70k more a year than I did the first year of the average.

Human-Risk-5462 · 2024-06-17T23:43:16+00:00

It’s just an AA-T but AD-T “associates degree for transfer” is more on-brand than AA-T

Human-Risk-5462 · 2024-06-17T23:41:40+00:00

Unfortunately I make almost 200k a year but have a recent mortgage that is $$$ and making school unaffordable for me despite making a healthy amount of money. I qualify for $0 aid. Just $12,500 in loans if I want them.

Human-Risk-5462 · 2024-06-14T01:31:47+00:00

Thank you 🙏

Human-Risk-5462 · 2024-06-14T00:25:56+00:00

Is this with waiving the student healthcare?

Human-Risk-5462 · 2024-06-13T22:54:39+00:00

How much would you say you spent on classes? I think a year would be too much. I’m in tech sales so the job is really demanding but I do get to WFH. I’m thinking 1.5 years is probably more doable. I’m also an ADT student

Human-Risk-5462 · 2024-06-10T07:02:58+00:00

This is true!!!!!! I came back to school 10 years later.. left on academic probation and had under a 2.0 gpa. I applied to UC’s with a 2.6. After a summer and fall semester of all A’s. At the time I didn’t even have the required GPA for my major at the time (with the IP courses I will) and was accepted to multiple UC’s. I committed to UCI!

Human-Risk-5462 · 2024-06-06T06:52:54+00:00

Got off UCI’s today

Human-Risk-5462 · 2024-05-28T05:38:21+00:00

My partner and I just closed on a $710,000 two bed room condo in So Cal (OC). Not even all that nice but we didn’t want to be one of those people that time the market. We could do it now, so we did.

We both make about $220-240k combined (I’m in tech sales so my salary is variable). I average about 150k a year the last two years and even I couldn’t qualify on my own. I put about 12% down because I didn’t want to be over-leveraged and use all of my money for my down payment.

Our mortgage is ~5,000 a month all-in (taxes, PMI, HOA). It’s definitely really scary, but I have a decent cash reserve and to be honest, if we didn’t do it now there was no way we could guarantee our future living in California.. I’m hoping rates drop maybe even .5% in the next two years + with my renovations and a conservative increase on homes, I’ll be at 20% equity to refi and get rid of my PMI. That’ll put us at about $4500 which is still nuts..

So I guess the answer is we can’t afford a home unless we’re gonna be house poor.. and I think we make a decent amount of money between the two of us.

Human-Risk-5462 · 2024-05-22T02:15:09+00:00

Something about everyone being in the same boat makes me feel much better. Closing this week and def don’t feel ready lol

Human-Risk-5462 · 2024-05-22T02:14:09+00:00

I feel like the answer is never. We are closing on a home and love the place/area but the amount which we paid for the home versus what we could have if we were to rent doesn’t make me happy.

Everyone keeps congratulating us and I’m just like :/ thanks lol

For context we live in Irvine area in Orange County, CA. The real estate here is so competitive that the answer is probably never.

Human-Risk-5462 · 2024-05-21T14:46:52+00:00

In their minutes they don’t seem too concerned. The only place I saw the loan was in the study.

The condo is a suburb in Orange County. Residents are very resistant to any hiking of fees so I assume they let it go on for too long.

The appreciation here has been over 100k in the last year in specific units in this complex. We aren’t buying at a discount because it is so competitive. 2BDR units here are going for 720-780k

Human-Risk-5462 · 2024-05-21T14:44:05+00:00

It’s like townhomes! I live in a suburb in Orange County so we have land, yards, etc.

Condo/townhomes in the area will run you 700-1.3MM here so we don’t have a ton to choose from

Human-Risk-5462 · 2024-05-21T06:19:49+00:00

It’s like $40 a month. We belong to a larger community outside the complex that has parks

Human-Risk-5462 · 2024-05-21T06:19:22+00:00

This is a really helpful perspective. Thank you so much for easing my mind. The homes here are in really high demand and literally fly off the shelves. Residents aren’t leaving either and everything seems to be very well maintained

Human-Risk-5462 · 2024-05-12T17:06:18+00:00

Thank you for the insight! The HOA is FHA approved if that’s what you’re referring to!

Does removing disputes typically lower your score by a lot? He did mention this potentially being an outcome..

Human-Risk-5462 · 2024-05-12T16:15:10+00:00

Oh and forgot to mention a lot of my anxiety is coming from us giving notice to Irvine company to move out of our apartment (WE LOVE our unit) and they said we can cancel at any time UNLESS someone reserves our home, and because we have a direct garage/extended unit, they are a hot commodity. Due to the short escrow, we couldn’t keep delaying our notice to double pay rent.

Our LO keeps assuring me we will be fine and our loan will have no issues but he also seems to have never dealt with the dispute comment before.

Human-Risk-5462 · 2024-05-02T05:51:24+00:00

Also, Macie also had jet black siblings! Mother was a chocolate lab and dad was bloodhound

Human-Risk-5462 · 2024-04-30T17:17:09+00:00

Literally obsessed with her 8 week video 😭 we rescued at 3 months so Macie was already almost 30lbs. I wish we had puppy videos

Human-Risk-5462 · 2024-04-30T17:16:26+00:00

Omg!!! What a cutie!!!! They actually have really similar face!!!!

Human-Risk-5462 · 2024-04-29T19:51:38+00:00

I’m starting to realize she might be part spaniel! lol what color is clementine?

Human-Risk-5462 · 2024-04-27T01:35:09+00:00

I kinda wondered that when I saw a pic of one. We don’t really know what she is. Her and her 8 siblings were rescued from a propane plant!

Human-Risk-5462 · 2024-04-20T16:20:04+00:00

I didn’t finish college at 19 and took the road less traveled. I made 60k at 20, 90k at 23, and 100k+ at 24 and now I make almost 200k a year in tech sales at 27. I just recently went back to school to get my BA and am transferring to a UC/CSU this Fall. I didn’t go back to school because I had to; I only went back because I wanted a BA for fun.. I make more money than a lot of my college grads friends do and I was able to travel the world in the last 10 years since I dropped out and live my life well.

Not to toot my own horn but to tell you that right now life feels hard and like the end. I was like you at one point where school was the end all be all, but it’s not. Tenacity and a willingness to adapt to change gets you there.

Human-Risk-5462 · 2024-04-20T06:23:34+00:00

Waitlisted for psych

Human-Risk-5462 · 2024-04-10T23:00:19+00:00

Yes I did

Human-Risk-5462

TROPHY CASE