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We gross $86,000 per year, is building a $250,000 house too much?

13 years ago

Hi. My wife and I are mid-late 20's, no kids, and combined we make $86k per year. Both of our cars are paid off.

We live in Thomasville, GA which is an unjustifiably expensive place to live in South Georgia. $250,000 won't buy you much but in the town of Valdosta, GA I have found a great builder that can build our house in Thomasville for $250,000 with the land, almost 2,600 square feet.

I would love to buy something less but it really won't fit our needs. Any thoughts are appreciated.

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