Buying A Home
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Re: Did you take into account the tax deduction when deciding how much house you could afford?
I like this housing calculator, because it shows you your monthly cash outlays, but then also your monthly 'true' cost of ownership taking into account tax savings, equity, and other factors.
As I look through the posts there is a divergence between those who live in states with and without income taxes. State income taxes are also deductible.
Take home message: look at the numbers for mortgage interest and also what you pay in state income tax. Also take the standard deduction into consideration. If you live in a high income household, the deduction may be phased out for you.