A simple calculator for how much home you can afford

It’s March. Spring is here in most places. And this is when the house hunting season starts to get rolling. I used to moonlight as a realtor. I started from nothing, ran my own little gig, and did very well. Then I got a book contract, and there was no way I could do three jobs. But I learned a lot.

One of the things I learned is that home buyers very frequently have a very hard time staying within their budget.

They set a number, start looking in their price range, then peek at the homes in a higher price range, and of course those homes look better. Why wouldn’t they? They’re more expensive! And, geez, they have such nice faucets and cool counters and a shower with five heads so you can wash your body from every imaginable angle, and suddenly many of my buyers would refuse to see cheaper homes. Because they just had to have the ultrawash shower.

Or a dent in a wall that’s officially called an alcove.

Or a super deluxe gas heater fireplace that runs on banana peelings and saves gerbils.

Or whatever.

It’s called house craze. It’s a temporary thing. It passes as soon as you get in the house and start making the payments.

And then you wake up and realize you have a hot tub and you hate hot tubs! What in the world were you thinking?!

Well, you had house craze.

The unfortunate side effect of buying too much house is that the mortgage eats up so much of the take-home pay that it makes everything else exceedingly tight. Or impossible.

You don’t have room to pay off debts. Don’t have room to invest much, or at all. Don’t have room to have fun vacations. Don’t have room for anything except the fricken-ricken, blankity-blank, #$%!* house!

This condition is called being house poor.

So house craze leads to being house poor.

Which leads to second jobs and stress and often more debt. You may also end up in a roadside ditch. The situation below occurs with more than just with cable companies.

The lender will tell you that you can lend up to 36% of your take-home pay!

Your eyes go wide, and you being to think that maybe you can afford two ultrawash showers. But just slow down and think for a second–the lender is the one SELLING you the loan.

Right…

Don’t listen to the lenders.

Listen to common sense.

My advice is the same as Dave Ramsey’s:

  1. Don’t buy a house until you’re out of debt and have saved enough to pay 10% of the purchase price of the house.
  2. When you’re at that point, get a 15-year, fixed-rate mortgage with a monthly payment that’s no more than 25% of your take-home pay.

So that’s my advice. You’re free to do with it what you wish. Just know that being house poor sucks.

And all that to introduce the calculator which will tell you exactly how much home you can afford. It takes 10 seconds to fill in.

Here it is: How much home can I afford?

Download it and be happy.

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    If you love history, or if you’ve ever wondered what daily life in Rome really felt like, I think you’ll enjoy this one. 

    A big thanks to those who responded to the last email with castle recommendations: John E, John D, Nikki, Tom, and Robert. Skipton, Bamburgh, Mad King Ludwig’s places, Carnarvon, Carcassonne, and many more, including some in Japan if I ever get over there. I now have a terrific list, and want to visit as many of these as I can. 

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    All you need is a little beating and robbery

    Mrs. Brown, my wife, teaches language arts for the 7th and 8th grades as well as reading comprehension. She’s big on reading. She wants to provide every opportunity for kids to not only get good at it, but also learn to love it.

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    The Accelerated Reader program provides that information.

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    Yesterday, she received this report from one of her 8th grade boys who is reading Prey, the first book in The Drovers series.

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  • A Response to John Scalzi

    The best way to change someone’s mind: use the skills you learned writing fiction.

    John Scalzi recently wrote a post about White Privilege.  You know: the idea that Straight White Males (SWMs) have all the cards stacked in their favor.  It’s called “Straight White Male: The Lowest Difficulty Setting There Is.” I assume he wrote it to help SWMs have more sympathy for those who aren’t SWM.

    It’s a noble cause.  Not as noble as true love, but that’s so rare–not one couple in a century has a chance at true love (at least when you live in Guilder).

    The problem is that Scalzi’s post is a great 101 on how To NOT Win Friends and Influence People.  Actually, that’s not right.  He will win new friends and increase his influence among those who are like-minded.  But if he was hoping to win over those who didn’t already see things his way, I don’t think he’s going to be very successful.

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    Equally as important, telling, or demanding someone feel a certain way towards someone else, will fail every time you try it. You cannot demand (or whine) that a reader must feel sympathy and admiration for the character.  Why?  Because emotions don’t respond to demands.  They just don’t.  It’s like trying to freeze water by seasoning it with pepper. 

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    Scalzi claims that if you feel offended by his post then you’re hypersensitive because all he was doing is pointing out the facts.  Um, no.  Jim Hines is trying to establish potential facts.  You could try to verify those.  You could try to separate out causation from correlation.  But Scalzi is not doing that. He’s telling all SWM that they are playing on the kiddy version of the life video game.  Your life is so easy.  Everything is rigged for you.  You’re playing the baby version.  And because of that everyone else’s life is so much harder.

    No, he didn’t say those words exactly. But there is this thing call connotation. There is this thing called tone.  And no matter how hard you try, you’re can’t separate the non-verbal communication from the message. 

    Everyone knows that some people have it harder in life and some have it easier. Like, duh.  I think we all learn that when we showed up to the first grade.  So what’s the point of telling all the SWM’s reading his blog that they are playing the dweeb version of life, the one with training wheels?

    Furthermore, instead of helping all of us pampered SWMs identify with our brothers and sisters, he tries to erect more boundaries that would push us apart by giving all of us another way to discriminate and another reason to be resentful.

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    A whole new group calculus will have to be developed and standardized.  And it will have to go beyond which shade of brown your skin is (yes, White people really are just a lighter shade of brown), your gender, and sexual orientation.  Because those who are handicapped, by birth or by accident have it really rough too.  We’d have to figure out if they had it more or less rough that someone who was gay, and would that change if that gay person lived in San Francisco versus Laramie, Wyoming?  A geographical element!  And what about those with idiot parents who teach their kids to take meth and don’t get them to school or beat them in alcoholic rages or who are never around?  I wonder what score that would bring.  And what about the kids who grow up with grandpa molesting them?  And what about the short, the fat, the plain?  What about those with glasses?  Those who are runty bully targets?  Or those with a minority religion.  What about those born with AIDS? 

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    It’s the same at internet parties and gatherings.

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    Lesson 2: Remember “show, don’t tell” to win someone’s affection.  Present the person’s story, and the reader will feel respect, trust, sympathy, sorrow, regret, and admiration automatically (okay, you’re right, some of that depends on the reader).  Tell or demand, and none of that will occur.

    Lesson 3: Don’t raise barriers between two groups when you want members of one group to identify with members of another.

    Here’s a better way. 

    Tell me a story about a real gay black woman.  Make me love her.  Make me care.  Tell me a story about her I can sympathize with.  Just show me the woman.  Make it about her, not her group category.  Or tell me a story about a Mexican man who is just trying to provide for his children in America.  Or tell me about a sympathetic SWM who goes to Asia or Polynesia and finds the cards stacked against him.  Stories like this abound.  

    In fact, why don’t you drop the whole “SWM” business.  If you want me to identify, to experience-take (yes, that official jargon), it’s probably best not to slap SWM on me and set me in one corner and slap GBM on someone else and set them in another.  Help me identify.  Focus on how we are alike. When you do discuss the differences, magnify those things that are wonderful and unique, or eccentric and unique, or goofy and unique, or weird and unique, or whatever, but make it positive.  And when you must talk about old or continuing grievances between two groups, do so with respect, with a desire to calm, not enflame.

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    We drew a circle that took him in.

    You want to laugh with the like-minded?  Draw the first kind of circle.  You want to win hearts and minds?  Draw the bigger one.

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    Gun Runner on Amazon! Order here!
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  • Good Stuff! A clear-eyed view of the Founders

    When it comes to politics, we frequently talk twice as much as we should and listen half as much as is deserved. With our mouths open so much of the time, we fail to get the facts. And this often leads us to paint things in hyperbolic black or white.

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    While we as a nation have progressed from some of their failures (thank heavens), in other ways the Founders may be are our betters. There are a great many lessons to learn from them, both from their successes and failures. One is their humility—they knew what they’d created wasn’t perfect. Let’s not imagine that we or our ideas are perfect either.

    If you’re at all interested in politics, I recommend Ellis’s article and its view of the Founders. Read it article here.

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