Back story, my wife has around $50,000 saved and no debt.
She graduated a year ago and makes roughly 60k, although we just had a baby and she is off for a few months.
I graduated last may and currently make $55k in a secure job as a software dev, roughly 15k in school loans that I am paying with around 5k emergency in the bank.
We pay $950 a month in rent for an apartment, I own my car and she only pays 200 a month.
We have been looking off an on but really with prices never found anything we like.
Found a house for $190,000, hits all our check boxes. With 20k down this puts it at roughly 830-860 a month + insurance etc.
We have never bought anything like this and are really worried seeing her parents and mine lose their house to foreclosure.
The market is in Florida, are we taking a gamble?
Submitted November 01, 2018 at 11:13AM by ScruffMcgruff60692 https://ift.tt/2OiPJvO
