>buy house for 210.000 >5 years later >sell house for

>>2026214
should have spent 210,000 on ETH instead

>>2026220
Should've spent 210,000 on bitbean instead.

>>2026224
Should've spent 210,000 on XRP instead.

>>2026224
HAHAHAHAHAHA

>>2026224
6 years later on /biz/ :
YOU'LL BE SORRY YOU DIDN'T BUY BITBEAN!! IT'S ONLY 20 SAT!!! I'LL HAVE A LAMBO RAMP ON MY YACHT!!! JUST YOU WAIT NOCOINER KEKS!!

>>2026214
Median house price in my city is 1mil, while the median household income is 100k

JUST

>>2026306
Assuming a 25-year loan at 2.5% fixed rate, that's a monthly payment of 4,500 buckaroos.

An income of 100,000 comes to about 8,300 per month.

So you're paying 4,500 out of your monthly 8,300 on your house, leaving you 3,800 per month for expenses and food.

Is that so bad?

>>2026306
>im a part time harmonica tuner and my husband is a traveling cat vocalist coach.

>our budget is 1.2 million.

>>2026315
Over half your salary BEFORE tax for the next 25 years. Assuming interest rates don't go up and your household lasts all 25 years.

Yeah mate sounds great

>>2026348
>>2026315
I should add that, assuming the BEST case of a 50-50 income split, your net pay is 84K

That makes mortgage payments 2/3 of your income.

>>2026348
>>2026374
>BEFORE tax
Well yeah, you gotta work out how your taxes work.

I'm about to buy an expensive house, and I'm left with 1,500 per month after taxes and house payments.
Seems plenty to me.

>100k / year before tax
>worst case = 50% tax, so 50k / year net pay
>about 31k house payments / year
>equals around 20k / year net pay after house payments, or 1,500 / month

That's without taking into account the tax deductions from my 50% deductible house.

File: image_1491834014_94331914.jpg (61KB, 636x382px) Image search: [Google]

61KB, 636x382px

>>2026388

>>2026388

>living poverty tier for 25-30 years on a salary of 100k just so you can own a house

sounds good senpai

I want off this ride

>>2026425
1) 1500 net a month is not "poverty"
2) the house only gains value over time, so it's an investment if nothing else

If I don't put as much into my house as I can, I'm just throwing my money at the government. I'm self-employed btw.

>>2026429

Maybe its not poverty in burgerland

My ''disabled'' cousin gets a 2000AUD a month pension, so yeah, here in Aus its below poverty tier

>>2026436
I'm in Europe.

And isn't your cousin supposed to pay his housing with that 2000 AUD?

>>2026436
So I'm guessing your cousin does have to use that 2k AUD for housing. Which makes a big difference of course, my 1500 Euros is almost 100% """disposable""" income, i.e. after tax and housing.

>>2026214
I mean, the most I can say is that I lived in the house for free for 5 years.

Th-that's something right?

Home ownership is not the path to wealth normally. Hot housing markets are not a sure thing, and other things have a much better annual return.

But yeah, basically you came out of it with free housing for 5 years. That's bretty gud.

>>2028542
Even at an extremely low hypothetical rent of 500 monetary units, that comes to 30k over 5 years.

Guess I can't complain. But I will.