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TopicHow do I know when it's time to buy a condo?
TheGoldenEel
06/30/25 6:23:40 PM
#22:


Xenogears15 posted...
We currently pay $1,900/month in rent. And roughly $16.66/month for renters insurance. Every estimate that I'm seeing for what our fees + taxes + mortgage/interest would push our total costs at MINIMUM $2,500. We might be able to swing it, but it would suck for a few years until our wages caught up a bit more (Yay union jobs).

How do you figure? Honestly want to know, because 400k seems to be oir limit, but what I'm getting from you is that we should consider that to be affordable?
youre able to put 20% down, and your mortgage would be about 28% of your gross, which I think is about the upper limits of whats recommended

now me personally I wouldnt want a condo because it seems like all the negatives of apartment living + all the negatives of owning a house with few of the positives

but, obviously knowing nothing about your other finances it seems attainable


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