What is the most you would pay for a house?

Answer 1

I'd pay at most 95% of what it's worth.

Answer 2

Seeing as how I just graduated college and am about to start my job in August at $42,000 a year, I calculated up that I could afford a house that costs about $120,000 because I have no other major debts to pay off. No school loans or anything like that. It also depends on where you live. Since I live in Kansas, $120,000 houses that I've looked at are brand new with 2 bedrooms and a finished basement. In California or New York that amount would probably be enough to get me a cardboard box.

Answer 3

This is a question that really cannot be answered realistically by most people. Homes in different areas differ so much in their cost. In my community, a home can not be found for less than $250,000, and that is a rather run down home, with nothing great about it, and being in a pretty heavy drug traffic area. I live in CA, in the very most Northern part. When I lived in Southern CA, I found homes in the San Joaquine Valley to be very cheaply priced, compared to Humboldt County.....both, in CA.
The truth is, that land is becoming increasingly hard to find that is appropriate for housing in my area. Residential lots cost as much as homes used to cost, here, 20 years ago. The prices of homes continue to go up, here. In some areas of the country, paying less than $450,000 for a home in what is considered a safe, nice area is possible. Luckily, I bought my home in the early 70's, and paid only $30.000 at that time. Now, it appraises for about $500,000. The reason I wrote that the question is hard to really answer, is because where and when you buy that home makes all the difference. Hopefully, home buying will be something affordable, and not something that will be lost because one cannot afford to keep taxes, insurance, and mortgage paid! I wish everyone could afford a really great home. My own, adult sons, work very hard at very good jobs, yet, neither of them can really afford to buy a nice home.

Answer 4

I would not pay more than I could afford, and would try to buy a house for less than I can afford. Afford generally means 28% of your monthly gross income. Watch out for loans that start out costing you 28% of your income, but suddenly change to 35% because of the fine print.

Answer 5

$55,000! Going once, going twice....Great utility bills (under $80 monthly--heat or cold). Gosh, I sound older than dirt...

The bigger the house, the more it costs to maintain it. Couples should purchase a house they can afford on only one salary, in case SOMEBODY gets lazy and only wants to watch sports for a living and be a Mr. Mom!

Average in NC is $200,000 with payments between $12-$1400 month depending on credit/interest rate.

Answer 6

It would all hinge on the area the house is located. In my home territory, a very nice home w/an acre of ground could be purchased for 120,000-150,000. This would be +++-++++ housing as my mother just sold her 13 room home with in-ground pool for 140,000, her husband sold typical ranch style-++ for 75,000--they bought a ++++ awesome sunroom etc for 130,000 as they agreed to fix a problem themselves.

Answer 7

It depends on the area of the country. Here in southern CA, I will be paying at least $500,000 for an area I would want to live in.

Answer 8

well here in new jersey a decent house goes for about 350.000 so i guess thats what i would have too pay!

Answer 9

I'll give you a dollar, if you leave the furniture.

Answer 10

Well when I get older.........Id pay no more than $300,500