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This is a question for current residents (and students?) who have bought a home or condo within the past 3-4 years (or just now/recently). I am curious as to the price range(s) because I'm still toying with what is the max I can comfortably afford on my fellow salary (plus minor amounts of moonlighting income).
I was initially thinking 130-150's, but it seems tha most of the properties that I like are more like 160's-170's. Factor in homeowner's insurance, condo or townhome fees, and property taxes and we are probably talking about $1200/month even with a 5.25% or so loan. I don't care about living in a super fancy neighborhood, but at the same time I don't want to be in a run down place or a bad neighborhood that makes it hard to sell 5 years down the road if I end up leaving.
I'd be particularly interested to hear from current residents/fellows about whether they feel they stretched themselves too thin w/buying a house or condo in the 160k-190k range.
I was initially thinking 130-150's, but it seems tha most of the properties that I like are more like 160's-170's. Factor in homeowner's insurance, condo or townhome fees, and property taxes and we are probably talking about $1200/month even with a 5.25% or so loan. I don't care about living in a super fancy neighborhood, but at the same time I don't want to be in a run down place or a bad neighborhood that makes it hard to sell 5 years down the road if I end up leaving.
I'd be particularly interested to hear from current residents/fellows about whether they feel they stretched themselves too thin w/buying a house or condo in the 160k-190k range.