Oddbean new post about | logout
▲ ▼
Stakeoftheart | 7 months ago (raw) | root | parent | reply | flag 
 If it’s 4000$ net.
If it’s 1200$ for X years.
If I work for myself.
If…
▲ ▼
ಠ_ಠ вυввℓєz | 7 months ago (raw) | root | parent | reply | flag +1 
 The $4000/mo, is me and my g/f working full time....
😔
▲ ▼
Stakeoftheart | 7 months ago (raw) | root | parent | reply | flag 
 Ask yourself these 2 questions :
Is there a better alternative ?
Am I ready to commit” for 20~25~30 years ?
▲ ▼
ಠ_ಠ вυввℓєz | 7 months ago (raw) | root | parent | reply | flag +1 
 The other alternative is simply watch my grandparents hard work go out the window so my dad can get out of debt from his new car and house updates he didn't actually need.
▲ ▼
Stakeoftheart | 7 months ago (raw) | root | parent | reply | flag 
 Ouch !
Obviously I don’t have the full story and it seems quite complicated.
Usually, the loan should be no more than 1/3 of your income.