Viewing a single comment thread. View all comments

Arcidamus t1_j1uxz08 wrote

Reply to comment by justlikeofficespace in [OC] Annual Finances of a Millennial Saving Up for a House (made with SankeyMATIC) by justlikeofficespace

What’s your savings goal for the house? How much house are you going to buy?

3

justlikeofficespace OP t1_j1v701m wrote

Goal is around $200k. I live in a high COL area so anything under $1M would be a win. Realistically 3b2ba for $7-800k would be nice.

3

jordanr03 t1_j1wlmra wrote

Your plan is a $600K mortgage? Are you expecting a jump in income shortly? More help?

3

justlikeofficespace OP t1_j1wogb5 wrote

The goal is to get into a house where I can rent out 2 of the rooms to help out with the mortgage. My income will increase 5% every year (until capped out) with additional salary adjustments based on the negotiated bargaining contracts from the union.

2