p****g
发帖数: 65 | 1 最近有个burien的工作机会， 心里有些痒痒。请大侠回答一下，家庭收入多少才能负
担1个米的房子。
双职工，两娃，都在小学。无其他贷款。
听说seattle的生活费用比东部也要高20%。 | m******a
发帖数: 1394 | 2 25w吧,不过不知道养娃的开支有多大，这个要有娃的童鞋们来说说了 | y*********u
发帖数: 3664 | 3 20w
【在 p****g 的大作中提到】
: 最近有个burien的工作机会， 心里有些痒痒。请大侠回答一下，家庭收入多少才能负
: 担1个米的房子。
: 双职工，两娃，都在小学。无其他贷款。
: 听说seattle的生活费用比东部也要高20%。
| B*********a
发帖数: 6244 | | r**********g
发帖数: 22734 | 5 我会保守一点。二十五万。四倍。
【在 y*********u 的大作中提到】
: 20w
| p****p
发帖数: 347 | | a********a
发帖数: 64 | 7 负担得起是指ESPP，401K什么的全部买满，生活质量不下降，每个周末出去吃？还是说
累着裤腰带过日子，ESPP，401K全部取消的情况下负担得起？
上诉两种负担得起的情况差很多...
【在 p****g 的大作中提到】
: 最近有个burien的工作机会， 心里有些痒痒。请大侠回答一下，家庭收入多少才能负
: 担1个米的房子。
: 双职工，两娃，都在小学。无其他贷款。
: 听说seattle的生活费用比东部也要高20%。
| z*********a
发帖数: 335 | 8 The Ideal Mortgage Amount Is $1 Million Dollars (If You Can Afford It)
http://www.financialsamurai.com/the-ideal-mortgage-amount-is-1-million-dollars/
Whoah, that’s crazy! I can hear some of you who don’t live in an expensive
part of the world say. Meanwhile, some of you are surely thinking you can’
t get anything livable with a $1 million mortgage. The ideal mortgage amount
of $1 million is based on the premise that the ideal income for maximum
happiness is $200,000 per person.
Back in 2002, a $1 million mortgage cost around $50,000 to $65,000 a year in
interest expense given mortgage rates were 5%-6.5% for a 5/1 ARM or a 30-
year fixed. Multiply the annual interest expense by three, and you get $150,
000-$195,000, the minimum annual income recommended to take out such a loan.
In 2015, a $1 million mortgage costs around $22,500 to $35,000 a year in
interest expense given mortgage rates are now 2.25%-3.5% for a 5/1 ARM or a
30-year fixed. Multiply the annual interest expense by three again and you
get $67,500 to $105,000, a far cry from the $150,000-$195,000 you originally
needed to make! Note, banks still only lend out 3-4X your income despite a
drop in rates.
It is aggressive to think that someone who only makes $79,500 a year in
gross salary can afford a $1 million mortgage, but it’s also absurd that
one can borrow $1 million dollars nowadays for only 2.625%! I’m not
recommending everyone with impeccable credit scores, great financial habits,
and steady savings rates all get $1 million mortgages. I’m just saying
that it’s now possible for someone making $79,500 a year to service $1
million worth of debt at 2.625% if the bank approves.
REASONS WHY THE IDEAL MORTGAGE AMOUNT IS $1 MILLION BUCKS
1) The law says so. The maximum mortgage interest indebtedness is $1 million
dollars according to the IRS. In other words, if you have a $2 million
dollar mortgage that costs $70,000 a year in mortgage interest, only $35,000
of the mortgage interest can be deducted from your income. Your tax savings
is simply $35,000 X tax rate. The IRS also stipulates that you can deduct
the interest on a $100,000 Home Equity Line Of Credit if the money is used
other than to build, improve or purchase your home. Crazy but true.
2) Maximum government subsidy. The home mortgage interest deduction is one
of the largest government subsidies available to all citizens. In an
environment when all it seems like the government does is take, take, take,
citizens get something tangible and immediate back from the government. The
government helps subsidize your lifestyle and lower your taxes. To not take
full advantage of such subsidy is a shame, unless you love paying taxes!
3) Keeps you disciplined. For those who live in expensive cities such as San
Francisco and NYC, keeping a $1 million dollar mortgage limit helps keep
you from going overboard and buying too much house. Plenty of nice houses
now cost over $2 million dollars for example. By keeping your borrowing to $
1 million, you are forced to come up with a $1 million down payment before
you can buy such house. You might think going the standard 20% down ($400,
000) and borrowing $1.6 million is fine, but it is not ideal. You start
justifying what’s an extra $600,000 in debt at that price, losing your
financial discipline. I can assure you that everything because more painful
the more you borrow: less deductions, higher mortgage payment, and more
stress.
4) Asymmetric risk and reward. In America, when you borrow a ton of money
from a bank and can’t pay it back one day, you don’t get stoned to death,
castrated, or impaled in the heart by a spear. Instead, you hand back the
keys to the bank who agreed to take on your home as collateral in case of
non payment. If you are lucky to live in a non-recourse state, the bank can
’t go after your other assets! If you live in a recourse state, then a
short-sale or foreclosure will temporarily slaughter your credit score for 3
-7 years. Better your credit score then your private parts right? Meanwhile,
if you happen to invest in the right cycle, you can make a massive amount
of money when you finally sell or rent the property out without having to
give the bank any of the upside! Isn’t America great?
5) You make closer to the ideal income. Based on my article, “The Maximum
Mortgage Indebtedness Depends On Income,” how much mortgage interest you
can fully deduct is based on how much money you make. Make too much, and
your mortgage interest deductions get phased out. Make too little, which is
under $79,500 based on existing rates, and you will feel the strain of the
mortgage payments. If you or your household make between $150,000-$300,000,
you are in the sweet spot to take on a $1 million dollar mortgage. Be aware
if have an adjusted gross income of over $166,800, your mortgage interest
starts to get phased out. For every $100 of income over $166,800 you lose $3
of itemized deduction X 33.3% up to a maximum loss of 80 percent of your
itemized deductions. Lower rates have moved everybody closer to the ideal
income!
MORTGAGE AMOUNTS ARE DIFFERENT FOR EVERYBODY
If you live parts of the country which have wonderful $500,000 homes, then
awesome! There is never a need to borrow $1 million dollars. The standard
deduction of roughly $6,000 for singles and $12,000 for married couples is
probably good enough for most. For those of you who live in expensive
coastal cities, then consider $1 million dollars as the cap on how much you
should borrow and calculate your mortgage payment to income ratio, loan-to-
value ratio, and home value to cash left over after downpayment ratio.
Some of you reading this have liquid assets north of $1 million dollars. A $
1 million dollar mortgage is therefore nothing to be afraid of because
everything is just accounting. Your goal in this low interest rate
environment is to minimize your debt interest expense by refinancing your
mortgage and maximizing your government subsidies. Imagine refinancing your
mortgage to 2.625% while making 16%+ returns on your investment guaranteed
after rebalancing your portfolio? You’re essentially borrowing money for
free and then some!
Don’t be afraid of mortgage debt. Instead, cherish what the government has
given us and live a wonderful life knowing you are optimizing your finances. | p****g
发帖数: 65 | |
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