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Needospeedo OP t1_jadeux2 wrote

Reply to comment by HappyJaguar in Home purchase a good idea for me? by Needospeedo

I currently save around 1000 per 2 week check. I've done a expense report in excel and I'd have around 1000 left over at the end of the month after the mortgage. This includes hoa, housing repairs, ( which should be near 0 because it's brand new.) .

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HappyJaguar t1_jadifl9 wrote

I wouldn't consider a new construction a reason for it not to need fixes. If you get a fresh lemon, it's still a lemon. I think this is an option for you, but might result in it being your main financial commitment for a long time. If interest rates keep going up there's a decent chance you go underwater while still being unable to move for a better deal.

Or it might work out great.

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Needospeedo OP t1_jadjp7g wrote

Thanks for the input never considered a lemon possibility.

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