Buying first house..?
Hey guys, Me and my girlfriend are moving out of California, and into Idaho to finish are last years of college.We decided to buy a house, since we plan on beginning are life there. And renting a house would seem useless, because i rather make payments on a house i could own, rather than just be renting one for the rest of my life. But we started looking at houses, and my girlfriend got all excited about the $450,000 houses with 5bed, 4 bath. But i had to bring her to reality and put the limit at 200,000. Which is probably still pretty high.The question i have is:Obviously we would have to get a loan, and the montly payments would be around $900 a month. From personal experiences, is that to much to pay? For us starting off?Im now getting move happier with the $150,000 houses, because payments would be around $600-$500 a month. And i understand that everywhere is different. But i just want to get everyone's opinion. I just dont wanna be eating tuna from the can every day because we dont have enough money. Thank you in advance!!!
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