How much did you spend on your house?

posted 2 years ago in Finances
  • poll: Which one are you?

    We spent less than what the calculator says we could afford

    We spent about what the calculator says we could afford

    We spent more than the calculator says we can afford

    Other (explain)

  • Post # 61
    Member
    948 posts
    Busy bee

    I purchased my two-bedroom, 850sq foot, downtown condo for $192k. I was approved for around $270k and I’m so happy I didn’t max that out. Prior to purchasing my rent was $850 (with two roommates), my monthly outgoings now (mortgage, property tax, utilities, condo fees) are $1,785. It’s been a huge adjustment. If I had maxed out what I was allowed to borrow I would be eating ramen noodles every day and not having a social life (and I would have kept renting rather than do that). 

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