How much to spend on real estate?

[Anonymous]

$1m
You should pay in cash. You have $3.8m saved.

[Anonymous]

Anonymous wrote:Do you have children and have you saved for their future? We spent close to a million bucks on two private colleges and one law school. Factor that in.

That’s cheap. We paid close to 3M for two kids.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Do you have children and have you saved for their future? We spent close to a million bucks on two private colleges and one law school. Factor that in.

That’s cheap. We paid close to 3M for two kids.

Assuming 100K a year at a private college x 4 years x two kids = $800K. Let's round it up to a million. What did you spend another $2 million on?

[Anonymous]

This is entirely subjective and depends on what you’re optimizing for. Long term wealth? A comfortable life now that signals status? Something in between? Age matters too here.

[Anonymous]

kids no kids? how many? planning ion ever having them? We have 4 kids, but triple your income, My answer if i were in your income with 4 kids would probably be a PITI of no more than 3k. I’d back into that. Price would not matter, down payment would be the only thing i would care about to back into my desired PITI.

[Anonymous]

How much are your monthly expenses?
How much of your pay/stock is actual net take home pay?

[Anonymous]

I think OP just came to humble brag. They never came back, this wasn't a serious question

[Anonymous]

There is really not enough information here to provide an answer. However, I would not listen to posters saying to liquidate $1 million of you investments to buy a home. Liquidity is better. The fact that you are calling the house you want to buy to live in "real estate" makes me think you are falling prey to viewing it as an investment instead of a place to live. I'd buy what I needed to live in.