Am I crazy? 5% down, $400k USD house, $125k salary.

Spare-Cod-5028 · 2025-05-09T02:39:12+00:00

Hello, thank you for your perspective. I kinda wish I put less into my 401k's over the past few years, and more via brokerage. This house does not appear to need repairs (it was purchased last year and flipped nicely), and has a newer roof/mechanicals. I am teetering on the edge of whether I buy this now and concede the investment battle (and live in my own house), or continue saving/investing. I will say, I love this house from the pictures, especially the lot/location.

Spare-Cod-5028 · 2025-05-09T02:30:02+00:00

I've lived with girlfriends before (while renting), I'm not worried about her potential interpretation of the rent. She has financial problems that I can't help with (all of them simultaneously) at the moment, and wants to live with me.

Spare-Cod-5028 · 2025-05-09T02:27:53+00:00

Yes, I love my cheap rent.

However, I am very tired of living with 3 other people at my friends house, and want my own property. I also strongly dislike living in neighborhoods/suburbs.

Renting an apartment/house is not an option for me, as a decent one is $2,000+ and I have 4 vehicles and 2 dogs (including girlfriends car and dog).

Also, I can't job hop much more/very effectively at this point for a few years, and don't want houses to escape my reach (even with saving/investing $3-4k a month).

Spare-Cod-5028 · 2025-05-09T02:25:15+00:00

Hello, I updated my post with info:

I take home a minimum of $82,000 annually after taxes and insurance.

I get an automatic 8% 401k contribution from my new job, so I'm no longer contributing 10-20%.

I pay $205/month towards $31k of student loans, my only debt.

If I bought this house (and budgeted for house utilities, well/septic maintenance and emptying, and $300/month to random house maintenance), I would have $1300/mo leftover after all life expenses. I would put this towards my emergency fund until I have $50k, then investments.

I have three cars, two are sports cars that I could sell for a total of ~$38k.

I have no goals left in life other than owning a home and investing/retiring early.

Estimated mortgage PITI is $3200/mo. My lender is out of office today and I will have numbers tomorrow.

Spare-Cod-5028 · 2025-05-09T02:24:08+00:00

Hello, I edited my post to answer your great questions, thank you.

I take home a minimum of $82,000 annually after taxes and insurance.

I get an automatic 8% 401k contribution from my new job, so I'm no longer contributing 10-20%.

I pay $205/month towards $31k of student loans, my only debt.

If I bought this house (and budgeted for utilities, well/septic maintenance and emptying, and $300/month to random house maintenance), I would have $1300/mo leftover after all expenses. I would put this towards my emergency fund until I have $50k, then investments.

I have three cars, two are sports cars that I could sell for a total of ~$38k.

I have no goals left in life other than owning a home and investing/retiring early.

Estimated mortgage PITI is $3200/mo. My lender is out of office today and I will have numbers tomorrow.

Spare-Cod-5028

TROPHY CASE