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A bit of a situation, me and my wife are in right now. We're first time homeowner buyers trying to purchase a home.

After doing the mat, the first three years of mortgage comes around to 45% of our monthly

takeaway income after taxes.

The area where the house is being built is really hot right now. Everything around is it being sold.

Major developments going on in that area. But I guess we're just in two separate minds about do we

take the plunge now or wait a year and then maybe the price goes up even further and then,

you know, we're just stuck in

the apartment why did you say it would only be that much for the first three four years

depending on how the uh the loan is working out so we're doing the two one option so first year

this is not only 45 percent it's an adjustable rate 30 year mortgage

right uh so if you're taking the average i guess from the third year onwards is going to be

you don't have any idea it's about it's about no it's called an adjustable rate mortgage yeah it's going to adjust you don't have any idea. It's about, no, it's called an adjustable rate mortgage.

Yes.

It's going to adjust.

You don't even know.

How old are you?

28.

What's on fire, dude, that would cause you to do.

Be the stupid.

Yes.

What Dave said.

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