Mary_From_Georgia
Dryer sheet aficionado
- Joined
- Feb 13, 2005
- Messages
- 39
I make slightly over $100,000/yr excluding bonuses and am now interested in purchasing a home.
While beginning to explore the market, I'm noticing that my tastes gravitate to homes in the $280,000 to $400,000 range. The lower end being foreclosures.
I have no other debt obligations and given that this is a buyer's market:
1) Would I be over-extending myself purchasing in this range? *I hate owing someone money, so the fact that this would be "good debt" still doesn't appease me psychologically*
2) Get the most I can afford (guidance), and wait for the housing wave to pick back up.
I live in East Atlanta, am single, and 42.
Thanks,
Mary
While beginning to explore the market, I'm noticing that my tastes gravitate to homes in the $280,000 to $400,000 range. The lower end being foreclosures.
I have no other debt obligations and given that this is a buyer's market:
1) Would I be over-extending myself purchasing in this range? *I hate owing someone money, so the fact that this would be "good debt" still doesn't appease me psychologically*
2) Get the most I can afford (guidance), and wait for the housing wave to pick back up.
I live in East Atlanta, am single, and 42.
Thanks,
Mary
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