No savings on a high HHI?

[Anonymous]

We have a HHI of $500k. We have little savings (401k) a lot of debt, debt on our $2m NW house. We'll never make it if we can't make it now.

[Anonymous]

Did you have a question?

[Anonymous]

And???? You aren't alone, OP, if that helps at all. Washington DC is an expensive place to live and, for those who are "successful," there is a lot of pressure to set our kids up to be successful too. It's a pricey proposition.

[Anonymous]

Only $500k? Wow. You must be in the poorhouse.

[Anonymous]

I'm having a hard time feeling sorry for you

[Anonymous]

Why do you have a 2 M house?

We have a HHI of 750, much savings, and a 1 M house. We want to move but aren't willing to go to 2 M.

[Anonymous]

Anonymous wrote:We have a HHI of $500k. We have little savings (401k) a lot of debt, debt on our $2m NW house. We'll never make it if we can't make it now.

Troll. Drunk. Stupid.

Or all the the above.

[Anonymous]

Your house is too expensive for your HHI.

[Anonymous]

Yup, sell it.

[Anonymous]

we have an income of 210K
our house was 1.2 mil.
downpayment was 750K

now tell me I am crazy

[Anonymous]

Well a 401k on a salary of 500k should be pretty hefty toward to end of your working years?

[Anonymous]

OP here. Our golden eggs are the future inheritances we will both receive (I hope) from both our parents. Of course our parents are in their late 60s so that may be 30 years from now.

[Anonymous]

remember that you are paying down the mortgage and that's like savings

[Anonymous]

OP, how many shoes do you have in your closet/s?

[Anonymous]

Anonymous wrote:We have a HHI of $500k. We have little savings (401k) a lot of debt, debt on our $2m NW house. We'll never make it if we can't make it now.

Why did you buy such an expensive house? We bought a $350,000 house when we made $184,000. We still live in that (paid off) house today, although we now make $450,000. And we have millions invested.