- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Winter Olympics
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Advice: Can We Afford This House?
Posted on 1/9/26 at 6:33 am to thegreatboudini
Posted on 1/9/26 at 6:33 am to thegreatboudini
quote:
though it's 4 bed + office, we want 5 + office to host family).
The kids can double up for a couple of nights.
2
Posted on 1/9/26 at 6:36 am to POCKET
Technically you can afford it, but I don’t think you’d be happy with the changes to your monthly budget.
I would stay in your current location for now.
I would stay in your current location for now.
Posted on 1/9/26 at 6:45 am to POCKET
You can definitely afford it
Having that long of a commute would give me major pause, though. That is way less time spent with your family and just more stress for you overall.
Having that long of a commute would give me major pause, though. That is way less time spent with your family and just more stress for you overall.
Posted on 1/9/26 at 7:14 am to makersmark1
quote:
Is 1 or 2 million enough?
I don’t know, just asking.
It's not a one size fits all answer, but my 2M policy would result in my wife never working again unless she dramatically changed her lifestyle.
Posted on 1/9/26 at 7:16 am to makersmark1
quote:
The kids can double up for a couple of nights.
Not when they're all less than 5 and don't even have an adult sized bed. 1 (soon to be 2) is still in a crib.
Posted on 1/9/26 at 8:28 am to basiletiger
quote:
HOW ARE YOU TAKING HOME THAT MUCH MONEY AFTER TAXES AND 401K???
also, no childcare costs? daycare + student loans are eating me alive but my wife takes home 3x daycare so she still works
Posted on 1/9/26 at 8:45 am to makersmark1
quote:
The kids can double up for a couple of nights.
I'd agree to consider this. Paying for a dedicated guest room is a waste most of the time. We had a guest room before child number 3 and it got used at most 2 nights a year. Once we had kid #3, the guest room went away. Now when we have guests one of the kids gets to have a fun campout on the floor of their siblings room or the guests can stay on a queen size murphy bed we installed in our finished basement that serves mainly as a media/entertainment space but also has a full bath. It works pretty well as a guest suite.
Funny enough, most people love sleeping on this massive, extra deep sectional we have and dont use any of the guest bed options (including my 70y/o parents).
Posted on 1/9/26 at 8:46 am to thegreatboudini
quote:
Not when they're all less than 5 and don't even have an adult sized bed. 1 (soon to be 2) is still in a crib.
We moved our kids to a regular size bed once they left the crib at about 18 months.
Posted on 1/9/26 at 11:19 am to notsince98
quote:
Paying for a dedicated guest room is a waste most of the time.
quote:
guests can stay on a queen size murphy bed we installed in our finished basement
So you have a dedicated guest room
What a stupid post
Posted on 1/9/26 at 11:33 am to Mingo Was His NameO
quote:
So you have a dedicated guest room
No. It is a finished basement entertainment space. it is not a bedroom. Its primary purpose is TV/Movies/Video games and open area for throwing balls and practicing golf.
This post was edited on 1/9/26 at 11:34 am
Posted on 1/9/26 at 11:38 am to notsince98
quote:
No. It is a finished basement entertainment space. it is not a bedroom. Its primary purpose is TV/Movies/Video games and open area for throwing balls and practicing golf.
Except when your guests are there and you have to change nothing about your family’s normal sleeping arrangements
Posted on 1/9/26 at 11:56 am to Mingo Was His NameO
quote:
Except when your guests are there and you have to change nothing about your family’s normal sleeping arrangements
It doesn't change anyone's sleeping habits. Not sure what you are attempting to do but you do you.
Posted on 1/9/26 at 1:08 pm to notsince98
quote:
Not sure what you are attempting to do but you do you.
Show you that you have a guest room
Posted on 1/9/26 at 1:36 pm to Mingo Was His NameO
quote:
Show you that you have a guest room
But I dont.
Posted on 1/9/26 at 1:37 pm to Mingo Was His NameO
quote:
Show you that you have a guest room
He has a game room with a bed.
Posted on 1/9/26 at 4:36 pm to thegreatboudini
quote:
Not when they're all less than 5 and don't even have an adult sized bed
For me, I lived away. Family came and kids slept in sleeping bags and we figured things out. After awhile, we just booked hotel rooms for extended family. Maybe your family comes more frequently so it may be an entirely different calculation for you.
No worries.
A guest room is great, but I would not let that decide whether I’d want a certain house.
Posted on 1/9/26 at 4:48 pm to thegreatboudini
quote:
2M policy would result in my wife never working again unless she dramatically changed her lifestyle.
She must be very sensible an frugal.
Walk me through the math.
2 million is enough for a wife and 3 little kids to get everyone launched?
2,000,000 divided by 20 is $100,000 per year.
I guess you’d have some return on unspent money, but she must be some kind of frugal.
I guess some fraction of the lump sum would double twice over 20 years so a 5% drawdown with normal market returns would give you more than 20 years. So let’s best case scenario that the unspent money makes 10%, but there could be dramatic declines any given year.
College?
Cars?
Weddings?
I’d put it in a Monte Carlo simulator as far as how to invest the insurance money.
Posted on 1/9/26 at 5:03 pm to POCKET
My personal opinion is never buy a home that precludes you from Fully funding your savings goals. Opinions may vary, but that is how we’ve run our finances. Find a home that works for you and allows you to fully fund your retirement and investment accounts.
As far as any credibility I would have, my wife has been a SAHM my entire career and we have still saved sufficient to retire today and never work another day in my life, and I’m only just turned 53.
We live in The Woodlands/Conroe area and I work in downtown Houston. The commute sucks but you can easily meet your family’s needs without dropping $850k on a home.
As far as any credibility I would have, my wife has been a SAHM my entire career and we have still saved sufficient to retire today and never work another day in my life, and I’m only just turned 53.
We live in The Woodlands/Conroe area and I work in downtown Houston. The commute sucks but you can easily meet your family’s needs without dropping $850k on a home.
Posted on 1/9/26 at 5:36 pm to FieldEngineer
quote:
He has a game room with a bed.
He told the OP he doesn’t have a guest room and to just double his kids up in a room in a three story townhouse
And then proceeds to let us know he has an entire finished basement where guests can stay without interrupting what normally does on in his house. It’s really not that hard
Page 4 of 6
Popular
Back to top
Follow TigerDroppings for LSU Football News