I'm a Civil engineer living in the Bay Area, California, slightly far from SF, but still close enough to be affected with higher-than-average home prices. Home prices in my area are getting close, or at the historic high, levels from the pre-2007 bubble.
It just feels like it's too much house - too expensive or something. Why do I feel like that?
Me: Single, 32
Occupation: Full time Civil Engineer, making around $112k, government employee
Mortgage pre-qualified: $421,000+ @ <4%, no points, 30 year fixed, 20% down - score above 770.
Financials: $190k liquid (including emergency - I plan not to use all of that towards down payment, obviously, saving some for emergencies), $25k in stocks that were gifted to me years ago (subject to capital gains), $30k in a 457b, no other loans except cards that are paid off monthly.
Edit: Current situation: Renting a house, cheaply.
I'm afraid to make any commitment, quite frankly. All the houses in my price range, <$550k are ok condition so I'd have to still spend on top to repair things like roofs, water heaters, any pests, etc. The houses would be around 1200-1500 square feet.
What do you think? Is it too much? Out of my budget?
Thanks!
Submitted May 10, 2017 at 06:13PM by throwaway12729 http://ift.tt/2q4ko7X
