how much should I spend to buy a house

My hu*****and and I are tryimg to buy our first house. Here is our situation: two kids, one 5, one 1.5 yrs old. The day care fee for younger one is $1000/mon. My daughter is in a private kindergarten, with fee $1000/mon. We plan to let her go to public school next fall. we two have a salary about 150K/yr. We live in mid west. we have about 50K savings now. I have no ideal about what kind price/house we should look at, any one has any suggestions? Thanks.

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go to any bank to get a pre-approval letter to see how much you -aimeili- 给 aimeili 发送悄悄话 (0 bytes) () 10/09/2007 postreply 12:03:57

how much you're qualified to borrow -aimeili- 给 aimeili 发送悄悄话 (0 bytes) () 10/09/2007 postreply 12:04:24

salary 的3倍就很轻松了. -luxuryhome- 给 luxuryhome 发送悄悄话 luxuryhome 的博客首页 (0 bytes) () 10/09/2007 postreply 12:05:32

salary - before or after tax? -jijing- 给 jijing 发送悄悄话 (0 bytes) () 10/09/2007 postreply 12:15:07

before tax. -luxuryhome- 给 luxuryhome 发送悄悄话 luxuryhome 的博客首页 (0 bytes) () 10/09/2007 postreply 12:21:32

thanks -telly.bird- 给 telly.bird 发送悄悄话 (0 bytes) () 10/09/2007 postreply 12:09:46

See where your money goes if you buy a $450k house -borisg- 给 borisg 发送悄悄话 (708 bytes) () 10/09/2007 postreply 12:36:52

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