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what is your price housing budget?

Forum Opinion Poll
under $375K 29 33.72%
$376K-$425K 13 15.12%
$426K-$475K 9 10.47%
$476K-$550K 17 19.77%
$550K-$625K 7 8.14%
$626K and up 11 12.79%
 

POLL: What is your buying price range?

Posted By Message

Leeners
:)

Member since 5/05

4898 total posts

Name:
Eileen

POLL: What is your buying price range?

I'd like to get an idea if DH and I fall into the poor or very poor category Chat Icon But seriously, I'm just sort of curious if there's a large variance or it's pretty much the same.

Posted 8/24/05 1:38 PM
 

MrsProfessor
hi

Member since 5/05

14279 total posts

Name:

Re: POLL: What is your buying price range?

I guess we would have been in the "very poor" category. Chat Icon Our budget was under $375k. We could have gone higher, but it would have meant a couple years of living very frugally, no travel, etc.

We also left LI, so we found that we got a little more for our money.

Posted 8/24/05 1:41 PM
 

julz33
i run for bacon

Member since 5/05

20584 total posts

Name:
julz

Re: POLL: What is your buying price range?

Our budget was under $350K... and we actually spend under $300K Chat Icon But we are in suffolk with a house that was still in the 1960's.

Posted 8/24/05 1:49 PM
 

Disneygirl
Disney cruise bound!

Member since 5/05

8126 total posts

Name:
D

Re: POLL: What is your buying price range?

You can put me in the "poor" category our price range is about $400K. We would like to upgrade to the next category which is why we stopped looking to save more money.

Posted 8/24/05 1:50 PM
 

Tah-wee-ZAH
Kisses

Member since 5/05

15952 total posts

Name:

Re: POLL: What is your buying price range?

We are buying our second house. DH bought the one we are currently in in 1998 for $150K. It's recently been appraised and in line with the appraisal we are asking $465K. This is comparable for similar houses in the area... actually houses in terrible condition are selling for that. Ours has a brand new kitchen/bath, deck, CAC and heating unit.

We were in the market for a four bedroom colonial in East Northport (we weren't leaving this district) and our limit was $650K. We were looking at houses up to $675K because there is always room to negotiate. Every house in good condition like that was selling in ONE DAY and either at or above asking price. Instead we are buying a colonial that's the worst house on the nicest block for a lot less than our limit. Houses on that block (in bettter condition) would easily list above $700K. We are getting ours for MUCH less than that, we need to do about $150,000 worth of renovations, but we will still come out ahead.

I found NOTHING in our area for less than $400K... even two bedroom cottages.

Message edited 8/24/2005 2:10:55 PM.

Posted 8/24/05 1:55 PM
 

Redhead
You Live, You Learn

Member since 5/05

31871 total posts

Name:
Jennifer

Re: POLL: What is your buying price range?

what exactly is the "poor" category?

Posted 8/24/05 2:00 PM
 

PiyoPika566
talk to the hand

Member since 5/05

1436 total posts

Name:
Stephanie

Re: POLL: What is your buying price range?

we are looking in the 450k range, that is all we can afford now!

Nassau prices are insane Chat Icon

Posted 8/24/05 2:34 PM
 

FeliciaDP

Member since 5/05

18599 total posts

Name:
Mommy

Re: POLL: What is your buying price range?

We are looking in Westchester, which makes some parts of Long Island look cheap Chat Icon

We are looking in the 475-550 range BUT really do not wish to go over 500K whatsoever.. which means we'll probably wind up with a townhouse as opposed to a home.

Unless I'm willing to move into a crappy neighborhood, they are no decent homes (or even fixer-uppers) in good neighborhoods, that is a reasonable commute to NYC, for under 500K by us Chat Icon

Message edited 8/24/2005 2:41:43 PM.

Posted 8/24/05 2:41 PM
 

Leeners
:)

Member since 5/05

4898 total posts

Name:
Eileen

Re: POLL: What is your buying price range?

Posted by Redhead

what exactly is the "poor" category?



My category Chat Icon

I just see people posting about bidding and closing and buying and keep thinking to myself, wow, I know we can't afford anything above like $370K without really overextending ourselves no matter what our bank says, because then we're adding taxes and insurance and, likely, pmi.

So, I started wondering if we are really poor or if we're just like everyone else and they were just having better luck than us at finding something in that price range.

Message edited 8/24/2005 3:56:03 PM.

Posted 8/24/05 3:53 PM
 

KaRiSsA
~*~*~*~*~*~*~

Member since 5/05

4646 total posts

Name:
KARISSA

Re: POLL: What is your buying price range?

We were looking under $330k when we looked.Chat Icon

Posted 8/24/05 4:22 PM
 

Kelly9904
Mommy to 2 amazing little boys

Member since 5/05

9306 total posts

Name:
Kelly

Re: POLL: What is your buying price range?

Message edited 1/30/2009 1:31:39 PM.

Posted 8/24/05 6:21 PM
 

june262004
But I love the Snow!

Member since 5/05

15379 total posts

Name:
Kristin

Re: POLL: What is your buying price range?

We wanted to stay at 375 BUT everything we looked at was Horrid. They would have needed like 100k worth of work at least. The house we found was more then what we wanted to spend but we loved everything about it and arent going to change anything right away.

We might need to work 3 jobs but we will make it work LOL

Posted 8/24/05 6:30 PM
 

DjPiLL

Member since 5/05

3664 total posts

Name:
Richard

Re: POLL: What is your buying price range?

My goal is under 400k and under 6k of taxes after STAR.

I am open to location as long as its somewhere in Long Island. NJ and Westchester are both unfortunately out cause I don't want to force DW to switch jobs.

I almost bought a REALLY NICE house at 435k in Holtsville last month... but I bailed out at the last minute cause I had fears of overextending myself. I am still aggrevated over that situation... but what can U do.

Based on some luck I see people are having in Wantagh/Levittown/Seaford... I might start looking there to be closer to the city than Suffolk. Might have to find a place that needs work though. Chat Icon

I could easily afford a house over 500k and DW could be a housewife if I counted my DJ income. And even though DJ business right now is better than it ever has been (ever)... I can't count on the fact that DJing will always be there which ***** hard.

The amount I make DJing every month could easily cover a mortgage payment for a nice house.

Posted 8/24/05 6:49 PM
 

dm24angel
Happiness

Member since 5/05

34581 total posts

Name:
Donna

Re: POLL: What is your buying price range?

We started at under 400K , but that was a lot for us...and We found a lot of homes we could "consider" under $375K...so we lowered it...
We are tring to keep looking to see if we can find something under 350K now..preferably as little as possible, but we plan to stay where we buy for a long time, so we want to keep looking till we find "IT"....

We could afford $400 but I feel we wouldnt have any extra money for savings and kids....


And les sthen 6K taxes Like DJ AFTER star.

Posted 8/24/05 7:36 PM
 

Redhead
You Live, You Learn

Member since 5/05

31871 total posts

Name:
Jennifer

Re: POLL: What is your buying price range?

Posted by Leeners

Posted by Redhead

what exactly is the "poor" category?



My category Chat Icon

I just see people posting about bidding and closing and buying and keep thinking to myself, wow, I know we can't afford anything above like $370K without really overextending ourselves no matter what our bank says, because then we're adding taxes and insurance and, likely, pmi.

So, I started wondering if we are really poor or if we're just like everyone else and they were just having better luck than us at finding something in that price range.


i hear ya! Chat Icon

that is why we bought a condo first!
It gave us a much larger DP and that has made a HUGE difference!

Posted 8/24/05 7:40 PM
 

ggt08
;)

Member since 5/05

5208 total posts

Name:

Re: POLL: What is your buying price range?

Posted by DjPiLL

My goal is under 400k and under 6k of taxes after STAR.

I am open to location as long as its somewhere in Long Island. NJ and Westchester are both unfortunately out cause I don't want to force DW to switch jobs.

I almost bought a REALLY NICE house at 435k in Holtsville last month... but I bailed out at the last minute cause I had fears of overextending myself. I am still aggrevated over that situation... but what can U do.

Based on some luck I see people are having in Wantagh/Levittown/Seaford... I might start looking there to be closer to the city than Suffolk. Might have to find a place that needs work though. Chat Icon

I could easily afford a house over 500k and DW could be a housewife if I counted my DJ income. And even though DJ business right now is better than it ever has been (ever)... I can't count on the fact that DJing will always be there which ***** hard.

The amount I make DJing every month could easily cover a mortgage payment for a nice house.
_____________________________________

When the bank figures out your mortgage, will they include your DJing gig? Is it on the books or cash like bartending? I'm assuming its cash since our dj's get paid cash at the end of the night. Because when my friend and his wife were buying a house, they didnt count the bartending and waitressing money that they made when figuring out their income into a mortgage.





Posted 8/24/05 8:11 PM
 

hazeleyes33
LIF Adult

Member since 5/05

13060 total posts

Name:
Ginger

Re: POLL: What is your buying price range?

I don't know what category I am in because when we bought our house, it was $110,000 and we made half of what we make now!!

Posted 8/24/05 8:35 PM
 

DjPiLL

Member since 5/05

3664 total posts

Name:
Richard

Re: POLL: What is your buying price range?

Posted by kdelace

When the bank figures out your mortgage, will they include your DJing gig? Is it on the books or cash like bartending? I'm assuming its cash since our dj's get paid cash at the end of the night. Because when my friend and his wife were buying a house, they didnt count the bartending and waitressing money that they made when figuring out their income into a mortgage.





NO WAY! Chat Icon I am not including my DJ cash on any mortgage documentation.

I am paid enough at my regular job that I am pre-approved for a 400k mortgage which will well cover a house in the price range I am looking for.

No need to involve the DJ business in this process.


But I can understand how sucky it is if you are a bartender full-time. Banks frown upon income like that. You usually have to get a no-doc loan and end up with a higher interest rate.

Posted 8/24/05 8:46 PM
 

ggt08
;)

Member since 5/05

5208 total posts

Name:

Re: POLL: What is your buying price range?

Posted by DjPiLL

Posted by kdelace

When the bank figures out your mortgage, will they include your DJing gig? Is it on the books or cash like bartending? I'm assuming its cash since our dj's get paid cash at the end of the night. Because when my friend and his wife were buying a house, they didnt count the bartending and waitressing money that they made when figuring out their income into a mortgage.





NO WAY! Chat Icon I am not including my DJ cash on any mortgage documentation.

I am paid enough at my regular job that I am pre-approved for a 400k mortgage which will well cover a house in the price range I am looking for.

No need to involve the DJ business in this process.


But I can understand how sucky it is if you are a bartender full-time. Banks frown upon income like that. You usually have to get a no-doc loan and end up with a higher interest rate.



Well, thank god I bartend for my "play" money and not full time. I would never count any of that money when figuring a mortgage.
I figured you were aware of that!


Chat Icon

Posted 8/24/05 8:52 PM
 

danielleandscott
My new 71 Super Beetle

Member since 5/05

13476 total posts

Name:
Scott

Re: POLL: What is your buying price range?

Danielle and I were looking to stay under $400k, and we did....About $30k under.....And I didnt include my car detailing money, since that isnt gauranteed money
Scott

Posted 8/24/05 10:44 PM
 

NoStressMom
My Heart and Soul

Member since 5/05

11122 total posts

Name:
D

Re: POLL: What is your buying price range?

Under 325 and that is why he bought brand new in SC

Posted 8/25/05 8:30 AM
 

MsG
Should be working

Member since 5/05

2824 total posts

Name:
G

Re: POLL: What is your buying price range?

We wanted to stay under 350 and we bought for 340. We wanted taxes under 5k and they are under 3k.

It was next to impossible to find a home that matched those conditions in a good area with a good school district. It really S U C K S for all the first home buyers. Chat Icon

Posted 8/25/05 8:58 AM
 
 

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