Pls come in if your HHI is 350-400K

[Anonymous]

Anonymous wrote:

Anonymous wrote:Our household income is just above $400,000.

We paid $350,000 for our house 10 years ago; it's worth about $750,000 now. No mortgage.

OP here. Nicely done!

Many thanks. Good luck to you!

[Anonymous]

Anonymous wrote:This post doesn't make a lot of sense to me. OP, are you deciding how much to spend based on how much other people in your HHI spend?

Of course not. As noted in my OP, I am just curious what people with my same HHI spend. I have been told that with our HHI we "should" live in a 1m house and thats what people with our earnings do. Doesn't look to be categorically true at all!

[Anonymous]

Anonymous wrote:

Anonymous wrote:This post doesn't make a lot of sense to me. OP, are you deciding how much to spend based on how much other people in your HHI spend?

Of course not. As noted in my OP, I am just curious what people with my same HHI spend. I have been told that with our HHI we "should" live in a 1m house and thats what people with our earnings do. Doesn't look to be categorically true at all!

But you didn't ask wht people spend. You asked how expensive people's houses are. Your question makes you appear superficial and uneducated.

[Anonymous]

$635K in the city and $800K in another city (can't sell)

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This post doesn't make a lot of sense to me. OP, are you deciding how much to spend based on how much other people in your HHI spend?

Of course not. As noted in my OP, I am just curious what people with my same HHI spend. I have been told that with our HHI we "should" live in a 1m house and thats what people with our earnings do. Doesn't look to be categorically true at all!

But you didn't ask wht people spend. You asked how expensive people's houses are. Your question makes you appear superficial and uneducated.

Whatever. Looks like everyone but you got what I was asking (which was what my price range would be, if you read my OP again.

[Anonymous]

We have a HHI of a little over $400k. We bought our house in 2010 for $600k.

We're not interested in a large mortgage payment - this gives us a ton of flexibility.

[Anonymous]

Hi OP: 650K 5 years ago. Monthly is less than 2k. I'm embarrassed to say I don't know our exact mortgage note.

We save a sh*tload of money every month. If we didn't have a nanny, we'd save even more.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This post doesn't make a lot of sense to me. OP, are you deciding how much to spend based on how much other people in your HHI spend?

Of course not. As noted in my OP, I am just curious what people with my same HHI spend. I have been told that with our HHI we "should" live in a 1m house and thats what people with our earnings do. Doesn't look to be categorically true at all!

There's no "should." We plan to retire at 55. Our housing is going to be more modest compared to a couple who plans to work until 65 or 70, or had kids late, or any of a number of factors.

[Anonymous]

We rent for $2400 a month. HHI is $390k. I will start working next year and it will be closer to $500k. We will probably buy a house. Maybe. Not sure if it makes sense finacially.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This post doesn't make a lot of sense to me. OP, are you deciding how much to spend based on how much other people in your HHI spend?

Of course not. As noted in my OP, I am just curious what people with my same HHI spend. I have been told that with our HHI we "should" live in a 1m house and thats what people with our earnings do. Doesn't look to be categorically true at all!

There's no "should." We plan to retire at 55. Our housing is going to be more modest compared to a couple who plans to work until 65 or 70, or had kids late, or any of a number of factors.

I agree - why are you even confirming whether you "should" do something or not? Are you new to this HHI range? Really, it is not that impressive for DC. DH and I've been in this income range for years, and we are only in our early 30s. It's pretty standard for DC.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This post doesn't make a lot of sense to me. OP, are you deciding how much to spend based on how much other people in your HHI spend?

Of course not. As noted in my OP, I am just curious what people with my same HHI spend. I have been told that with our HHI we "should" live in a 1m house and thats what people with our earnings do. Doesn't look to be categorically true at all!

There's no "should." We plan to retire at 55. Our housing is going to be more modest compared to a couple who plans to work until 65 or 70, or had kids late, or any of a number of factors.

I agree - why are you even confirming whether you "should" do something or not? Are you new to this HHI range? Really, it is not that impressive for DC. DH and I've been in this income range for years, and we are only in our early 30s. It's pretty standard for DC.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This post doesn't make a lot of sense to me. OP, are you deciding how much to spend based on how much other people in your HHI spend?

Of course not. As noted in my OP, I am just curious what people with my same HHI spend. I have been told that with our HHI we "should" live in a 1m house and thats what people with our earnings do. Doesn't look to be categorically true at all!

There's no "should." We plan to retire at 55. Our housing is going to be more modest compared to a couple who plans to work until 65 or 70, or had kids late, or any of a number of factors.

I agree - why are you even confirming whether you "should" do something or not? Are you new to this HHI range? Really, it is not that impressive for DC. DH and I've been in this income range for years, and we are only in our early 30s. It's pretty standard for DC.

For the love of God. I personally never said what I "should" spend. I said I was told that people with my HHI "should" spend more on housing. I personally don't believe that or believe I should spend anything. I was just curious - as an informal poll of sorts - what people who make this range spend on housing. For the love of God, I am not running out today and buying a house based on what people on DCUM spend on their houses. And no I am not new to this range. We have been in this range for about 4-5 years. I don't even think we are that wealthy. I was giving it for comparison purposes. SHEESH.

[Anonymous]

OP, who told you that you "should" spend more on housing since you're in that range? I'm hoping it wasn't your agent.

[Anonymous]

For the love of God. I personally never said what I "should" spend. I said I was told that people with my HHI "should" spend more on housing. I personally don't believe that or believe I should spend anything. I was just curious - as an informal poll of sorts - what people who make this range spend on housing. For the love of God, I am not running out today and buying a house based on what people on DCUM spend on their houses. And no I am not new to this range. We have been in this range for about 4-5 years. I don't even think we are that wealthy. I was giving it for comparison purposes. SHEESH.


OP, I completely understand what you are saying, we are in the same income range and we have been told by lots of other people (in-laws, uncles, colleagues, friends, bankers, and realtors). They say that we need to spend quite a bit for tax purposes. Now, I'm not business nor finances savvy so I don't really know what these exact purposes are beyond tax breaks and how much savings actually occur with those tax breaks.

We have been renting for our entire marriage due to multiple moves, but we are now ready to settle down and this is what we are constantly hearing.

[Anonymous]

I guess I'm not message board savvy either, that first paragraph of my post was meant to be captioned from the OP's post.