First house, 1500sqft. Wanted nice-ish furniture that would last, so have a lot of Crate & Barrel, West Elm, CB2 etc. I thought it was a mistake when I checked my statement, never thought it would be this much. 3bed 3bath with 3 outdoor areas (so a lot of patio furniture)
Yes. Best to spend in the beginning to get maximum use of the furnishings
5% of the downpayment you put down may be a comfortable no.
Uhh that would be $14k 🧐
It adds up quickly. I also like nice furniture, but bought it over time and also had relocation cover some of it.
No it’s not normal. Welcome to lifestyle creep and the reason why most techies will never retire early.
What’s a normal spend?
This ^^^^ I probably spent 2k on furniture. Maybe 3k. I just slowly acquire stuff. If I love something one year, I get it but it’s usually like a set of dining chairs that are replacing my 10 year old bed bath and beyond ones.
So you bought a big place and now feel you have to buy a lot of crap to justify the space
1500 is big?
Yeah
For a second I was thinking “Why would he want his home to look like Cracker Barrel?”
I liked Crate & Barrel when I could barely afford it. Now that it's pennies on the dollar relative to my net worth, I realize it's overpriced crap.
What’s cheaper and better?
Outlet pricing
For my first home, I got used things. And then I started to replace slowly. But I did clear out my bank account for the down payment.
Yeah I could’ve bought the house cash so have plenty of buffer
What's your TC?
$190k but $2M+ NW from inheritance
But I’m just asking in general if it’s normal for a 1500sqft house, not if I can afford it
Yes. It’s a mistake but now you have made it so don’t worry about it. Not sure how old you are. Dollar saved now is way more for you in long run. Till 40 one should live a frugal life so that you create a strong base. Once base is solid you can start to open up.