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Peach_enby t1_jbulzc2 wrote

Reply to comment by clairedelunar in For the love of God, someone please sell me your home by clairedelunar

You’re approved for over 450k and complaining about not being able to find anything lol?

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dlamar1017 t1_jbuzy4e wrote

Banks approve for way more than you're willing to pay, my wife and I bought a few years ago for <300k, but were approved for over 550k. If we bought somewhere for 550k we'd literally be house poor for the next decade

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smokejaguar t1_jbwerr7 wrote

Yep. I bought after the financial crises in 2008, and our lender went on and on about new rules put in place to prevent that sort of crash again. We were still approved for an amount that, if used, would have resulted in us eating nothing but Ramen noodles for the next decade. It's insane.

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Peach_enby t1_jbyyelb wrote

..OP could still spending 100k less and fine house within 30 minutes of providence

And no, banks do not always approve you for way more than you’re willing to pay

Very out of touch with people who are actually struggling to get approved for something they can afford

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dlamar1017 t1_jbzzvkx wrote

I'm not saying that's always the case but just my experience. My wife and I are both in fairly well paying fields and live in a (relatively) lower cost of living area, but we both had specialized degrees, 5 years of college each, and had to take out student loans to pay for it.

If we didn't come out of school with a mortgage worth of debt already, maybe we could have payed for a house that expensive, but the reality was that we knew our means better than what a lender would have wanted us to believe

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Paid-Not-Payed-Bot t1_jbzzwhb wrote

> could have paid for a

FTFY.

Although payed exists (the reason why autocorrection didn't help you), it is only correct in:

  • Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. The deck is yet to be payed.

  • Payed out when letting strings, cables or ropes out, by slacking them. The rope is payed out! You can pull now.

Unfortunately, I was unable to find nautical or rope-related words in your comment.

Beep, boop, I'm a bot

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