Affording a $1M home is easy peasy

And if Sam Altman steals your job you can always just pay your mortgage with world coins

This analysis makes sense if it’s 154k per quarter.

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I don't know who needs to hear this but please do not purchase a $1m home with a $154k household income. You can have a much higher quality of life now and in the future if you put that money elsewhere and live within your means.

A 50% DTI is absolutely insane

Someone making $150k a year putting 200k down to finance 800 plus escrow should never, ever, ever, ever do this. Also, in what market is a $1mil house only $12k a year in taxes and $6k insurance?

If you can only afford 20% down on a million dollar home with that interest rate, you should not be getting a million dollar home.

Debt to Income 50% is a recipe for foreclosure! When I was in mortgage lending, 28% was max DTI and 42% was max Combined DTI (all monthly debts. Nobody making $150k is getting a mortgage for $800k! And if they could, they shouldn’t!

Um, no. After taxes, take home pay on $154,000/year is somewhere around $8500 a month (depends on factors like health insurance, 401k contributions, etc). No bank would approve a loan like that. And “Assuming you have no other debts” is doing a lot of work here…

If somebody is making $154,000 a year W-2 income, they cannot afford this house. They can’t afford half of this house.

There is a line from The Big Short, where Christian Bale says "There is a possibility that we are existing in an entirely fraudulent system", and I think about it often. When everything stops making sense, and the math isn't mathing, it is an indicator.