u/Hot-Dress-6500

Is 675k down stupid? Combined household income is 140k

Mom and I (32F) currently own a condo in San Bernardino County CA and are planning on selling it and moving to Orange County CA. Should make about 200k on the sale and the other 475k is from selling my grandmas house.

We are looking to buy a house or condo for 800-950k. I know we can afford the monthly payment (although it would be about $500-1000 more a month) but I can’t stop thinking about the fact that we technically should not be buying a home for that much based off of our income. We would have about 100k liquid after the purchase.

Want to move to improve quality of life (commuting, weather, closer to family).

Please share your thoughts!

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u/Hot-Dress-6500 — 7 days ago