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Are you better off buying a house that maxes out 3.5 times your salary as a sole buy

  • 02-02-2020 5:00pm
    #1
    Minime2.5
    Registered Users, Registered Users 2 Posts: 1,109 ✭✭✭


    Just wondering as a sole buyer is one better off buying a house that maxes out the 3.5 times your annual salary .


Comments

  • #2
    pablosd9
    Registered Users, Registered Users 2 Posts: 11 ✭pablosd9


    Minime2.5 wrote: »
    Just wondering as a sole buyer is one better off buying a house that maxes out the 3.5 times your annual salary .

    And what is your alternative? I think in Dublin and surrounds if you want a house as solo buyer you will be maxing out at 3.5, and probably even going for an exception, all of course salary depending.


  • #3
    Heres Johnny
    Closed Accounts Posts: 2,738 ✭✭✭Heres Johnny


    Minime2.5 wrote: »
    Just wondering as a sole buyer is one better off buying a house that maxes out the 3.5 times your annual salary .

    Absolutely not. If the house you want is less than that why would you pay more?

    Wondering what's your thinking here? Tax rebates/10% deposit for first time buyer?


  • #4
    Moonbeam
    Moderators, Education Moderators, Society & Culture Moderators Posts: 18,986 Mod ✭✭✭✭Moonbeam


    I would buy the house you want and not a more expensive one.


  • #5
    accensi0n
    Registered Users, Registered Users 2 Posts: 2,887 ✭✭✭accensi0n


    Minime2.5 wrote: »
    Just wondering as a sole buyer is one better off buying a house that maxes out the 3.5 times your annual salary .

    Nah, just pay for it all in cash.


  • #6
    pwurple
    Closed Accounts Posts: 12,449 ✭✭✭✭pwurple


    Better than what?


    Buying for cash
    Buying with a partner
    Not buying at all
    Buying a lower cost property


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  • #7
    the_syco
    Registered Users, Registered Users 2 Posts: 37,316 ✭✭✭✭the_syco


    Minime2.5 wrote: »
    Just wondering as a sole buyer is one better off buying a house that maxes out the 3.5 times your annual salary .
    Less is more. Less spent will be less time repaying, and more time saving to do things that you want to do.


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