Odd_Improvement7160

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2025-03-16 19:57:48

Can we afford second home?

You can easily afford it. Would you rent it when you are not using it?

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No, HOA doesn’t allow rentals. If it did it would be a no brainer for me.

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Can I afford a mortgage which is only $100k more than my $475k yearly salary with $20-30k quarterly bonuses?

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It’s not just about the salary, it’s financial situation as a whole. I don’t have piles of cash sitting around, and the salary has increased substantially lately. It’s new money. It’s a question that needs to be asked, and I’m not comfortable talking to people around me because no one else in my inner circle is making that kind of money. Sorry it offended you.

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