How much mortgage can we afford?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:When we had student loans from DH's law degree we bought a cheap townhouse in a gentrifying area, and we didn't have any car or consumer loans. We drove an old sedan until the student debt was paid off.

750k is insane. Look for a condo or townhouse where your PITI costs are as close to rent as possible.

This. I cannot believe they have $50k (!!!) in car loans with that debt. I wouldn’t even do that with zero debt. The problem here is they rushed to have the kids and her DH doesn’t work. If they had waited a couple years to have kids after law school they could have eliminated the debt and saved some money before adding in kids. OP should absolutely rent something as cheap as possible until she gets those loans under control and for the love of God don’t have any more kids so DH can work the second the youngest hits school.

You know what else is expensive? IVF and adoption. I waited only 3 years after graduating law school to try for a kid, had one after a struggle, then was never able to have a second after much expensive fertility treatment. If I had a crystal ball, I would have started having kids exactly when OP did. You don't know her history, so don't pass judgment on her family planning choices.

An infertility mommy shows up in every thread. Wah wah. I had my kids at 36 and 39 about 11 months after stopping birth control and don't regret a single minute. I could actually afford both childcare and a nice house and paying off my loans all at the same time. It was amazing. Don't blame your infertility on your age. Blame genetics, sweetheart.

So you never had to deal with infertility. Dumbass.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:When we had student loans from DH's law degree we bought a cheap townhouse in a gentrifying area, and we didn't have any car or consumer loans. We drove an old sedan until the student debt was paid off.

750k is insane. Look for a condo or townhouse where your PITI costs are as close to rent as possible.

This. I cannot believe they have $50k (!!!) in car loans with that debt. I wouldn’t even do that with zero debt. The problem here is they rushed to have the kids and her DH doesn’t work. If they had waited a couple years to have kids after law school they could have eliminated the debt and saved some money before adding in kids. OP should absolutely rent something as cheap as possible until she gets those loans under control and for the love of God don’t have any more kids so DH can work the second the youngest hits school.

You know what else is expensive? IVF and adoption. I waited only 3 years after graduating law school to try for a kid, had one after a struggle, then was never able to have a second after much expensive fertility treatment. If I had a crystal ball, I would have started having kids exactly when OP did. You don't know her history, so don't pass judgment on her family planning choices.

An infertility mommy shows up in every thread. Wah wah. I had my kids at 36 and 39 about 11 months after stopping birth control and don't regret a single minute. I could actually afford both childcare and a nice house and paying off my loans all at the same time. It was amazing. Don't blame your infertility on your age. Blame genetics, sweetheart.

So you never had to deal with infertility. Dumbass.

This was and remains completely off topic. OP was 29 when she had her first. Had she waited even 3 years she would have been way better off financially she’d only be 32, not 39. Infertility is not remotely relevant to OP.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:When we had student loans from DH's law degree we bought a cheap townhouse in a gentrifying area, and we didn't have any car or consumer loans. We drove an old sedan until the student debt was paid off.

750k is insane. Look for a condo or townhouse where your PITI costs are as close to rent as possible.

This. I cannot believe they have $50k (!!!) in car loans with that debt. I wouldn’t even do that with zero debt. The problem here is they rushed to have the kids and her DH doesn’t work. If they had waited a couple years to have kids after law school they could have eliminated the debt and saved some money before adding in kids. OP should absolutely rent something as cheap as possible until she gets those loans under control and for the love of God don’t have any more kids so DH can work the second the youngest hits school.

You know what else is expensive? IVF and adoption. I waited only 3 years after graduating law school to try for a kid, had one after a struggle, then was never able to have a second after much expensive fertility treatment. If I had a crystal ball, I would have started having kids exactly when OP did. You don't know her history, so don't pass judgment on her family planning choices.

An infertility mommy shows up in every thread. Wah wah. I had my kids at 36 and 39 about 11 months after stopping birth control and don't regret a single minute. I could actually afford both childcare and a nice house and paying off my loans all at the same time. It was amazing. Don't blame your infertility on your age. Blame genetics, sweetheart.

So you never had to deal with infertility. Dumbass.

This was and remains completely off topic. OP was 29 when she had her first. Had she waited even 3 years she would have been way better off financially she’d only be 32, not 39. Infertility is not remotely relevant to OP.

+1000

Someone who would have issues at 32 would likely have them at 29 as well. Also, having kids when you cannot afford them is never a smart idea. And I would say $300K in student loans means you cannot afford kids until you put a plan in place to pay them off. Even waiting 1 year, pay $100K+ off and then put a plan in place for the remainder. Wait 2 years and you can have all but $100K done. Fact is, the income source in this family is the person who is pregnant. What if she needs bed rest and cannot work for 4-5 months? How do you survive, let alone pay off those loans?
So unless the person has been told previously, have kids by age 30 or you wont ever have them naturally, then waiting 2 years is likely not a big issue.