Credit Repair

HOW MUCH HOUSE CAN I AFFORD? | Home Affordability Spreadsheet

how-much-house-can-i-afford-home-affordability-spreadsheet

HOW MUCH HOUSE CAN I AFFORD? | Home Affordability Spreadsheet – Review

In this video, I will show you exactly how I calculate how much house you can afford.

There are a lot of different schools of thought that talk about how much house you can afford, but I’m going to err on the side of being conservative when calculating this number.

Knowing how much house you can afford is important because you don’t want to be house poor. You want to be able to invest, travel, give to others, and have money set aside for a rainy day. If you can’t afford the house that you’re buying, you may run into trouble saving up for these things.

Watch the entire video because this spreadsheet is very powerful.

Follow me on Instagram and send me a direct message and I will send you a copy of this spreadsheet in Excel!

JOIN THE WBF NEWSLETTER!
😍 https://bit.ly/WBFnewsletter
————–
GET MY HOME AFFORDABILITY SPREADSHEET HERE:
🏠 https://www.patreon.com/whiteboardfinance
————–
FUNDRISE – Invest in Real Estate with just $500
🏠 https://bit.ly/FundriseWBF
————–
SCHEDULE A COACHING CALL WITH MARKO
🀝 https://bit.ly/MarkoCoaching
————–
BETTERMENT – Start Investing Today!
πŸ€‘ https://bit.ly/BettermentWBF
————–
FOLLOW ME ON INSTAGRAM
πŸ“· https://www.instagram.com/whiteboardfinance
————–
Instrumental Produced By Chuki:
http://www.youtube.com/user/CHUKImusic

ABOUT ME πŸ‘‡

My mission is to provide my viewers with actionable content that enables them to create financial wealth. My videos are a reflection of my real-world experience as a real estate investor, stock market investor, student of finance, and entrepreneur.

This channel allows me to share my passion for personal finance, stock market investing, real estate investing, and entrepreneurship. I produce content that I would want to watch, and because of that, I give 100% effort in every video that I make. I also believe in complete transparency and open communication with my audience.

Subscribe if you are interested in:
#Investing
#PersonalFinance
#Entrepreneurship
#StockMarket

DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.

Thanks for watching the HOW MUCH HOUSE CAN I AFFORD? | Home Affordability Spreadsheet video!

Watch the HOW MUCH HOUSE CAN I AFFORD? | Home Affordability Spreadsheet video on Youtube

30 Comments
Share

30 Comments

  1. Marko - WhiteBoard Finance
    July 16, 2021 at 6:29 am

    Get My Home Affordability Spreadsheet Here: https://www.patreon.com/whiteboardfinance

  2. Movie Muscle
    July 16, 2021 at 6:29 am

    So basically this video can be condensed to "don't pay a monthly mortgage payment that's higher than 28% of your monthly net income."

  3. ShopWitCee Tv
    July 16, 2021 at 6:29 am

    Appreciate this bro

  4. Teague Jelinek
    July 16, 2021 at 6:29 am

    Start a family? Bruh, there's enough families out there already. We need to start dying alone if we ever want to control population. SHEESH!

  5. Jordan Smallwood
    July 16, 2021 at 6:29 am

    Cmon man, tell me 50% gross isn't risky! Also… I don't really think that 28% net applies to all home prices. For example, say I wanted to buy a $1M dollar home right? I don't need my $5k mortgage to be 25% of my net income, that means i have $15k leftover per month. I'd imagine that number needs to be adjusted for whole dollar value at the end of the day. These are just rules of thumb and should be taken with a grain of salt. Especially with inflation on the rise right now is a good time to secure debt.

  6. Gabe 12
    July 16, 2021 at 6:29 am

    This is insane, I have a 280k mortgage that is $1500 including tax and insurance. I make 85k a year, and that mortgage is very easy for me to make. It’s less than one weekly paycheck πŸ€·β€β™‚οΈI am not house poor…

  7. Jonathan Howson
    July 16, 2021 at 6:29 am

    If im within the 28%, but then choose to make overpayments, does that still make sense?

  8. ᏦᏗᏒαŽ₯.
    July 16, 2021 at 6:29 am

    Hello Marko! Thanks for this one, i'm not sure how will i ask for a copy of the spreadsheet if I don't have instagram 😩

  9. Carlos Rivera
    July 16, 2021 at 6:29 am

    If person earn 40k annual NET, what they can afford without being "house-poor"?

  10. Pedro Flores
    July 16, 2021 at 6:29 am

    Me and my wife bought a 3.2 million dollar home in Palo Alto and our payments are only 1000$ a month for 36 months and it will be paid off because we made a large down payment

  11. Aileen Crane
    July 16, 2021 at 6:29 am

    Even with kids who on earth can’t afford to live off of $4,000/month?!

  12. Derek Rowe
    July 16, 2021 at 6:29 am

    You have to make half the cost of the home youre paying for for 20 years in the very first year?

  13. Nathaniel Atfield
    July 16, 2021 at 6:29 am

    I would like the spreadsheet

  14. Warzone camper
    July 16, 2021 at 6:29 am

    this guy is nuts

  15. John Amabile
    July 16, 2021 at 6:29 am

    Dude this channel provides such good information. Thank you.

  16. jfloresdrums
    July 16, 2021 at 6:29 am

    Damn! My wife and I live in Los Angeles and have a gross income of $175k and purchased a home for $665k with 20% down and are at 31.25% of net with annual COLAs so withing 2 years we'llbe ar 28%. Then again, I still feel like our income, since we live well below our means and could care less about the Jones', is more than enough to save and put money aside for projects. Also, I do all of the landscaping and small work around the house so that helps. I feel like in certain areas like LA, SFO and NYC you can be fine below 33% of your met income it just means having a budget and tracking all expenses.

  17. Aaron Wisch
    July 16, 2021 at 6:29 am

    You can just refi in a few months to drop the pmi

  18. efrain corpus
    July 16, 2021 at 6:29 am

    Wow! 2 years exactly i'm watching this

  19. The Clueless Mongolian
    July 16, 2021 at 6:29 am

    Where can I find a $280,000.00 house in Chicago?

  20. Theresa Reibestein
    July 16, 2021 at 6:29 am

    I can't even afford rent at 30k salary gross in North Idaho.

  21. Last Empire
    July 16, 2021 at 6:29 am

    120k gross household here, paying 4k+ monthly in real estate and still living comfortably with a kid and saving $1500 each month…

  22. Christian S.
    July 16, 2021 at 6:29 am

    Killed it with this spreadsheet, love the videosπŸ‘πŸ½

  23. Joshua Gonzalez
    July 16, 2021 at 6:29 am

    I gotta see a how to buy a house in California lol what can I afford making 110k

  24. Kalyan Vejalla
    July 16, 2021 at 6:29 am

    Where can I sign up for the course — The Informed Investor? I don't see a link here.

  25. Kalyan Vejalla
    July 16, 2021 at 6:29 am

    This is great but spending only 30% of net income into the house is nearly impossible in the Bay Area.

  26. LouieGrind
    July 16, 2021 at 6:29 am

    It's really nice to see a youtuber with a realistic POV. I wish I could get a house for $280k. Here in Sweden a house averages at $411 280.

    Just out of curiosity because it's a video about loans, what's the average interest rate of a student loan in the US?

  27. Itskelvinn
    July 16, 2021 at 6:29 am

    Does anyone else get unsettled by how much he smiles and then looks angry again so quickly like at 5:37

  28. moi me
    July 16, 2021 at 6:29 am

    We are in NEO as well! Love this video!

  29. Wealth Builder
    July 16, 2021 at 6:29 am

    I would like This spreadsheet

  30. Luis Cardona
    July 16, 2021 at 6:29 am

    I need to find me one of these wife's this guy keeps talking about