Just for fun. Looking for opinions on housing affordability.

A friend is house hunting and I’m a little concerned. Little I can do about it but I did wonder what they are getting themselves into. They make 90k a yr. To clarify, the husband makes about 85k and the wife about 5k. She is home with the kids for another 2years and just works side jobs here and there.

She said they found their dream house but the loan estimate has the payment at about 2500 a mth. I did the math with her, if they saved 600-650 a week for the mortgage it would be about half of her husbands check every week.

They are justifying it because in two years she will be able to go back to work.

Anyone ever do this or have experience with friends or clients that did.

*** edited to add This is a very close friend – the kind you consider family. She has come to me because she isn’t sold this is the best idea. The husband is insistent. She asked for my help as an outsider. I wouldn’t say much against it because I’m pretty sure they are going for it no matter what I say. But I’ve also never been in the situation so I’m asking for experience.

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A friend is house hunting and I’m a little concerned. Little I can do about it but I did wonder what they are getting themselves into. They make 90k a yr. To clarify, the husband makes about 85k and the wife about 5k. She is home with the kids for another 2years and just works side jobs here and there. She said they found their dream house but the loan estimate has the payment at about 2500 a mth. I did the math with her, if they saved 600-650 a week for the mortgage it would be about half of her husbands check every week. They are justifying it because in two years she will be able to go back to work. Anyone ever do this or have experience with friends or clients that did. *** edited to add This is a very close friend – the kind you consider family. She has come to me because she isn’t sold this is the best idea. The husband is insistent. She asked for my help as an outsider. I wouldn’t say much against it because I’m pretty sure they are going for it no matter what I say. But I’ve also never been in the situation so I’m asking for experience. submitted by /u/-S_N_V- [link] [comments]

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