Thinking of buying $699k house with pool, accessory dwelling unit in a great part of town. Currently making $150k annually with girlfriend who will pay $1k rent to me. Is this financially irresponsible? Is it too expensive?
I'm not going to talk you out of it, I just think that it wouldn't even make that big of a difference and that you'll just end up doing the same as you are doing right now except in a house that might be a little better. You can't escape the fact that you're posting on 4chan, it's over for you.
>>61057172Fuck I hadn’t even thought of that…
>>61057142where can i buy a 700k house with a pool like that?also for your question, i think it depends on your savings
>>61057172fucking lol it's over
>>61057142how do you expect anyone to give you advice if you dont list your down payment?
>>61057142Pools are such a pain in the ass to maintain every year, I know people that would rather pay a few thousand dollars to fill it in rather than keep maintaining it. Constantly cleaning it and running chemicals through.It seems nice at first, you'll move in and use it a lot the first few weeks, but after that you'll barely use it and it'll just be a pain in the ass.Not worth it unless you're an avid swimmer and would otherwise be doing lanes in the public pool, rich enough that you can pay someone to maintain it for you, or you're constantly have pool parties with it, or you have kids or family nearby that visits often with kids since they'll use it.
>>61057142That pool looks cool. Show more pics of the house. If that were available in my region for a good price like that, I'd buy it.
>>61057142>Is this financially irresponsible? Is it too expensive?You aren't asking the good questions. >is it useful?should be your main concern. Do you really need a big ass house who will requires tons of upkeep if you only are 2 living in it? It will drain so much energy and time out of you, that's something you must consider before everything else.My dad live in a McMansion with a giant terrain and he looks so miserable, even tho he's retired he spend half his walking hours just upkeeping and fixing stuff. The pool is especially draining time wise (and $$ wise too), you must clean that shit all the time even tho you end up never using it.
>>61057142On $150k you can easily afford a $699k house with a pool. How old is the pool? As they get older maintenance can get much more frequent and more expensive. That's why ultimately you see a lot of people who have pools that are just empty year round. They're very expensive to build new, though, and typically add at most like 5% to the value of your home. A nice pool like the one in your pic to build would cost probably $200k or maybe more, so I doubt that's the one at the house you're looking at.
>>61057865>>61057294>>61057332Ya op, how much down?. How's your credit? Any other big debts you have?That's a high price and the market is coming down. You don't want to buy at the top do you? Id wait a bit or give them offer at least 10% less than asking.How long has it been listed for?
>>61057892Also what city? I'm in Tampa one of the hottest markets in the country and prices have been trickling down for a year
Do it op. for all we know you might not even be alive in 3650 days. was having all that money worth it if you never had the chance to actually enjoy it? saving is good until 35 max. then you must start to enjoy life or you will be another one of the greedy jews dying with their coins unspent
>>61057892$699k for a house with a pool and dadu is not high unless it's in shambles. A pool to build today minimally $100k in any decent city, a reasonable DADU minimally $200k, and those things could easily be worth $500k+ alone if they're done nicely. It actually makes me question that something is very wrong with the house. Can't find a house with a DADU here for less than $1-1.1M and that would be under 2k sq foot home, looking at $1.3M+ after that. House w/ DADU and pool here easily $1.4-1.5M starting.
>>6105733220% down>>61057556I’m in florida otherwise I’d agree not worth it
>>61057609Good point, although house is that big - only like 1500 sq ft.
>>61057294that's a pool? it looks like a bath.
>>61057865Good point. I’ve also noticed that with pool cost vs house valuation. That’s why I’m looking for houses with pools so I don’t have to deal with building one myself, seems way more economical.
>>61057935That’s what I’m slowly realizing…>t. 37 with 900k saved
>>61057942My thoughts too, seems like a steal. I’ve just never bought or committed to something so expensive. Keep getting cold feet.
>>61057142A pool is like a boat. The second best day of having it is the day you buy it the best day is the day you sell it
>>61058048fake news, it's great to be able to take a swim/ also you can use salted water if yo'ure really fucking lazy or uv cleaning
>>61058011A pool is one of those things that if you can get one new enough (sub 10 years good, sub 5 great) it's always going to be a steal because they simply do not get valued into the home the way something like a garage does which you basically INSTANTLY get 80-100% of your money spent back in equity on.These are good things to keep tabs on as a homeowner because certain investments are very much "worth it" and others are just money sinks. Building a pool new is a money sink unless you're 100% sure you're going to be in that house for the next 20-30 years enjoying that pool.>>61058036You can always make the offer and see what's what during inspection. Make sure you contract your own inspector (not realtor's or anyone else who is part of the transaction), get HVAC & plumbing & electric guys in to look over everything. Get a structural engineer. All in you will spend like $1000-2000 on the inspection which if it all checks out will be worth peace of mind and if it sends you running away from the house will have been worth that too.You want them to not just find things that are technically/fundamentally wrong or need addressing but also ask them to think about "if you were living here, what would concern you about the way this was constructed?" Everything might work but if you find out you would have to rip open lots of walls to do simple repairs for example they likely won't call that out unless you're prompting them to.I've bought 2 houses and my second (current) has been a money pit so I've learned a lot of these lessons the hard way and hope I can help someone else not have to.On the plus side I know so much about houses and construction now I was able to walk through a house my parents were buying and called out 100% of the visible things their inspector caught, plus have a great rolodex of service professionals.
700k for a home, absolutely not. I agree with the boomer Ramsey on this one. You'd be a complete tard if you bought like this. 300k should be your budget and even then, why buy a home? There's no return on it. Just rent save your money and buy something small and in full. You don't have kids, a massive family, or anything like that. Just save your damn money and rent for the time being to accumulate.
>>61057142Owning a pool is a fun fantasy but you'll stop using it after the first year.
>>61058048Idk, some of us love water. I'd be in that thing frequently.
>>61057142You can fill the pool with Money and swim in it. Easy to maintain, too.
>>61058124Great info thank you. Will heed all of it.
>>61058144Even in Florida?
>>61058191Yes. The novelty wears off. At first you'll use it everyday but eventually it turns into just another thing you have to maintain, maybe use once or twice a year. That was my family's experience of owning a pool. There's only so much enjoyment you can get out of a pool.
>>61057942Googoogaga dadoo gibe me my doggie doodoo.
>>61058128>Just throw your money away on rent instead of building equityFound the landlord.Though you probably shouldn't buy this place. If you have 20% down you probably have enough to buy a much shittier place outright. Do that and save your money, as others have mentioned, the only good time to have a pool is if you have kids.Does the apartment that you're currently renting have a pool? How much do you use it? You would use your own personal pool much less than that. If the apartment that you rent doesn't have a pool, you don't like pools enough to justify owning one.
>>61058549> Does the apartment that you're currently renting have a pool? How much do you use it? You would use your own personal pool much less than that. If the apartment that you rent doesn't have a pool, you don't like pools enough to justify owning one.Most compelling argument against a pool here, hmmm fuck. Yeah I don’t use our pool much but I assumed I’d use one more if it’s in my backyard, although this may not be the case.
>>61058048I've had a pool 9 years. Can be a slight pain but the kids love it and during covid this place was heaven on earth. We had a friend who paid over100k to put in a pool because their community shut their pool down FOR MONTHS
>>61058816That’d suck. Luckily our pool is never closed here at my complex. Is it still worth it without kids?
>>61057142You can afford it. Just don't have kids or buy a new car. Oh, and $1k is only 1/4 of your mortgage, she better suck a mean dick.
For the pool its really a personal choice, figure a couple hours and a few hundred dollars a month. if that's worth it for you no one but you can say. I wouldn't want one, I'd rather pay the 100 a month for a gym to deal with all the BS. what does a similar house with no pool cost?For the house its very much location dependent, are you going to stay put long term? transaction costs are a killer. hows your job outlook? how serious is the relationship? max loan at 3-4x, if you put 20% down you're near that 4x number. I am not convinced housing prices will drop much, there's too much demand and not enough supply. interest rates will keep going down, but probably not to 0 like they used to be. which in turn will lower the payments and increase the price. Much like cars, the total price of RE almost doesn't matter, the monthly payment does.the part this board likes to ignore is you do have to live somewhere, is it better to pay interest and get some equity or pay rent and get none? whats right for one person isn't automatically a good choice for someone else with different needs and priorities.
>>61060383I’m staying put very long term. Never leaving. Self employed, basically passive income. I agree I don’t think prices will go down, so feel like now may be best time to pull trigger.
>>61057142the fact you bring up some "rent income" from the gf tells me you are not ready
>>61060383>I am not convinced housing prices will drop much, there's too much demand and not enough supply. interest rates will keep going down, but probably not to 0 like they used to be. which in turn will lower the payments and increase the price. Much like cars, the total price of RE almost doesn't matter, the monthly payment does.this is a pre-covid way of thinkingmaintenance costs of owning a house, taxes, and insurance will only go up from here
>>61058128thisit's cheaper to rent in like 99% of the USjust rent until the inevitable dump happens
If you have 900k saved, and still make 150k a year, the price of the house isn't an issue, you can comfortably afford it. Don't count on the girlfriend to pay you or continue paying you rent, I don't care what she's told you or how good of a relationship you think you're in. You won't use the pool much after the novelty wears off. If it's in a sunroom like the OP picture I would go for it, that would cut down maintenance and insurance issue by a lot.
>>61057142Post pics of GF.
>>61057142>girlfriend who will pay $1k rent to meI'll take shit's that not going to ever happen more than once for 200
>>61060575So much this. OP man up. Take some starving African kids in while you're at it
>>61060644>Don't count on the girlfriend to pay you or continue paying you rent, I don't care what she's told you or how good of a relationship you think you're inThis anon gets it
>>61057142what other assets do you have? stocks, crypto, savings, etc150k income alone isnt enough to make a good descision - if you DONT have any other assets, i would label it a bad idea
>>61057556Amen to this>Took care of mine for years after buying my house>Had to go overseas for a few months to deal with a death in the family, didn't have spare money to pay for someone to take care of it while I was gone>Came back >Green>Filter also not working despite relatively new + trying to clean it>my back gets fucked and i lose my job>2 years later it's an algae farm with ducks living in it (I like the ducks tho)Now it'll cost thousands of dollars just to pay for the fun of having to maintain the piece of shit again, or thousands more than that to finally excise it from my back yard and have the spot filled in.When I first bought the house I was down for it but it doesn't take much bad luck to fuck it all up
>>61057294That’s Florida, maybe sarasota. Those pools are all over. And you can find one cheaper than 700k easily, but you’re not factoring in (((home insurance)))
>>61060383> Much like cars, the total price of RE almost doesn't matter, the monthly payment does.I hope for your own sake, you’re saying this in jest (you aren’t). How is it that no other anon called out this absolute retarded statement.
I bought a house this year with a pool. I used it maybe twice this season. Wife loves it, otherwise I’d fill it in and turn the plot into a greenhouse. I get much more utility out of home grown food than a large puddle.
>>61057172grim.
>>61057172Damn brutal
>>61057142Buy a time share at a nudist resort like it's 1988.
>>61061325Potatoes
If you're not married don't factor her income or any spoken agreement about rent payments into your budget for a house.If 699k is something you yourself can swing on your income with the rates today then sure fine go ahead.
>>61057142>with girlfriend who will pay $1k rent to meYou will lose that house to her
>>61057142Gonna tell you what's gonna happen. You're GF is either going to get knocked up and it will eventually be her house, or she'll get you kicked out of the house on False charges. Good luck.
