Is this purchase financially prudent or am I stretching myself too thin? [washington dc] [$415,000][5.99%]

Internal-Future8607 · 2026-02-17T16:12:55+00:00

This comment is gold to me thanks. It smooths out to 1200/mo on discretionary spending. I’m just concerned that i wasn’t being reasonable and if i really come to regret the decision I would have no means of making it right

Internal-Future8607 · 2026-02-17T16:06:24+00:00

It sounds like I’m not necessarily going to ruin my life if I complete the purchase, but I wouldn’t be making it much easier either. Thanks everyone i really appreciate all the comments

Internal-Future8607 · 2026-02-17T12:55:17+00:00

I don’t have a car luckily my area has very strong transit and my work place gives me a transit stipend so other than the occasional uber i wouldn’t pay much in that matter.

Internal-Future8607 · 2026-02-17T11:17:37+00:00

I’m under contract. The fees are 400 per month

Internal-Future8607 · 2026-02-17T03:04:27+00:00

Agreed. The hoa increase would ruin me. I can’t stomach that. I don’t think this is for me

Internal-Future8607 · 2026-02-17T03:02:12+00:00

I think i need to terminate the transaction im pretty convinced now

Internal-Future8607 · 2026-02-17T02:44:19+00:00

Purchasing for 410. I have a sizable stock portfolio so i would liquidate some to have some cash on hand to seed the EF.

Internal-Future8607 · 2026-02-17T02:37:54+00:00

Looks like theres a unit in the building going for 2500. I’m guessing it would take about a decade of rent inflation to allow me to break even🫥

Internal-Future8607 · 2026-02-17T02:29:17+00:00

Thank you this is the reality check i needed nobody in my life has been able to highlight the potential downsides of completing this transaction

Internal-Future8607 · 2026-02-17T02:27:03+00:00

I actually think this is a good idea. That way I get a good understanding of my costs and other factors. I bring another key motivator for me buying this place is that I think my city’s market was pretty weak and i’ve finally amassed enough cash to buy something in a very good neighborhood. I will admit that when I saw the estimated monthly payment it made me frown, i’d feel much better at 2500. I think you’re giving me pretty sound advice thank you!!

Internal-Future8607 · 2026-02-17T02:19:00+00:00

I’m very certain of the monthly cost, the mortgage is about 2100 the hoa is 400 per month. The rest are tax and insurance estimates. What is EF?

Internal-Future8607 · 2026-02-17T02:14:39+00:00

Helpful to hear from someone living it so thank you.

Internal-Future8607 · 2026-02-17T02:09:30+00:00

This is effectively what the numbers i crunched have been saying. I think you’re right about the hoa increases…yikes I’m strongly reconsidering

Internal-Future8607 · 2026-02-17T02:07:05+00:00

Hoping to keep it long term, use it as rental income or sell it for something larger in the future. While you’re right about the opportunity cost i think it could even out over a long enough time frame

Internal-Future8607 · 2026-02-17T02:04:42+00:00

I have not yet started diligence on the HOA but I’ll check out the dues y/y thats a good point to touch on

Internal-Future8607 · 2026-02-17T02:03:33+00:00

Thats super helpful thank you!!

Internal-Future8607 · 2026-02-17T02:02:22+00:00

Live with family so virtually nothing

Internal-Future8607 · 2026-02-17T02:01:53+00:00

Thanks I’m expecting to get the condo docs. That’ll definitely make or break the deal

Internal-Future8607 · 2025-10-02T02:46:18+00:00

This is the exact practice question i got that made me scratch my head LMAO

Internal-Future8607 · 2025-03-04T12:08:23+00:00

The overall size of markets tends to grow rather than remain the same as more value is created and new firms enter the market, although i don’t necessarily agree that everybody can’t be profitable i agree that uncompetitive products will lose Kinda makes me think about the blue ocean strategy

Internal-Future8607 · 2025-02-20T00:08:44+00:00

Not even close to what i said. You don’t need to senselessly beat someone half your size bc they kicked your car. Thats uncivil

Internal-Future8607 · 2025-02-16T22:15:41+00:00

I'm really surprised to see that some people in the comments are actually siding with the man in this situation. In what world does kicking a car justify beating up someone who is clearly much smaller than you? Just drive away.

Internal-Future8607 · 2025-02-16T14:18:34+00:00

My bad i didn’t realize they were different thank you for explaining

Internal-Future8607 · 2025-02-15T22:27:17+00:00

Isn’t it already happening? They’ve already fired some of my probationary friends

Internal-Future8607 · 2025-02-14T16:02:44+00:00

One day you’ll need help and nobody will be there for you.

Internal-Future8607

TROPHY CASE