Reality in Seattle?
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- tommyb
I've always been told don't buy a house that's over 2.5x your household income, but in Seattle, the houses seem to be 4x the incomes of people buying them. How do they live with that? Do you people even save?
- cinder0
Get a loan with Stated income - including what you expect to make from people renting your rooms
Or - you just fix it up and sell it in a couple years and make a fat profit.
I'll be looking at the 5x-6x salary range
- fifty500
thought this was going to be a thread about Big Brother or The Real World.
Oh, it's realty... nvm.
- -sputnik-0
overextending yourself is very dangerous, as are crazy financing options like 0 down ARMs.
lots of ppl do it, but then again it's not a mystery why the foreclosure rate is out of control.
- gramme0
I guess the one thing the midwest has to recommend itself is a great housing market. I'll prolly buy our first house next year thx to reasonable prices round these parts.