How much is your PITI if you earnn around $200k?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What planet are you all living on? I am in North Arlington and the houses in my neighborhood are all in yhe 800-1.1m range. My neighbors are either dual feds or sahm with a husband in private law firm (nonpartner). In either case, hhi cannot be much more than 300k.

I'm in Ashburn and my neighbors all work in IT between Tysons and Herndon. Many SAHMS and dual income folks, probably similar income. We're IT and around 400k piti 2500

Ashburn and other exurbs are different from the close-in suburbs for a variety of reasons. First, the housing values in the exurbs tend to fluctuate much more with the economy, so you'd be crazy to assume the value of a home there will stay steady or increase (as opposed to Bethesda or Arlington). Also, the tech companies in those areas are a bit more volatile and tend to have massive layoffs in recessions.

17 years strong in IT and have never experienced a massive layoff, except at the end in 1999 when I was 21 years old. Im in the industry and have yet to see this disaster you speak of strike. I've also had 2 rentals in Ashburn and Sterling that I've sold and walked with enough to fully fund all of my children's 529s va pre paid. I hold 3 other rental properties that are cash flow positive, with increasing rents each year. NOT living in Bethesda or Arlington affords me the ability to be an investor, not just a homeowner, saddled under the heavy burden of those home prices. Furthermore, if disaster struck, I could easily handle 2500/mo considering the high income we've benefited from in IT.

There is nothing compelling that could get me to move an inch closer to the city and suffocate under the oppressive home prices for basically the exact same income I make out here. That leaves more housing for you!

Another tech veteran here. Also had a layoff in 1999 or 2000 (Hello UUNET vets!!). I was also in my early 20s and it was an AWESOME layoff. 2,000 of us laid off at once, months and months of severance pay, it was in the Spring so I had all summer to have fun, go to bars, look for a job, and since I was so young I had no real financial obligations so I was living large on my severance.

But yeah, that was 16 years ago. Smooth sailing since then for myself and everyone else I know in tech.

[Anonymous]

Anonymous wrote:$250,000 income and PITI around $3500. One in private school, no debt, grandparents funding college.

Is it awkward to have them funding college?

[Anonymous]

Anonymous wrote:

Anonymous wrote:$250,000 income and PITI around $3500. One in private school, no debt, grandparents funding college.

Is it awkward to have them funding college?

NP here. Why would it be awkward?

[Anonymous]

Income approx $200k. PITI $2900/month. We are also saving for retirement and college, have daycare costs. But also live slightly large in addition: lawn service, order out at least once/week, etc. With two working parents, we enjoy the freedom to order dinner in, have someone else do our lawn, etc.

[Anonymous]

Question - are the posters on here including bonuses and other "extra" non-base salary money in your income? I only consider our base salaries, which are $205,000. When you add in my bonus and freelance work my husband does, we go up to about $220K-230K.

[Anonymous]

Anonymous wrote:

Anonymous wrote:$250,000 income and PITI around $3500. One in private school, no debt, grandparents funding college.

Is it awkward to have them funding college?

HUH? If my parents could fund my kids education, awkward would not be the way I'd feel. I would feel elated!

[Anonymous]

$2100 on $220k. $4500 is terrifying. We don't have childcare costs.

[Anonymous]

Anonymous wrote:$2100 on $220k. $4500 is terrifying. We don't have childcare costs.

How is that terrifying? What are your monthly expenses?

[Anonymous]

Anonymous wrote:Question - are the posters on here including bonuses and other "extra" non-base salary money in your income? I only consider our base salaries, which are $205,000. When you add in my bonus and freelance work my husband does, we go up to about $220K-230K.

We are both in sales, our non salary money is 50% or more of our income (last year, my base salary was only 25% of my income) I always count my income at me hitting 100% of my target. I do NOT count the income that goes over target.

[Anonymous]

I am not conservative about money (can't afford to be!) but that's way too much. We make 170k and pay $2500/month (also save for retirement and college) and it is a struggle.

[Anonymous]

258k hhi, piti is 2600. Very comfortable for us. No student loans but all-in childcare for our kids is about 3900/mo. That's necessary childcare plus discretionary.

[Anonymous]

200k HHI, 1600 PITI

Nice to be able to pay over the minimum and have an end in sight for the mortgage!

[Anonymous]

$210k, $2600 for 15-year mortgage, plus about $1500 in child care (used to be higher).

[Anonymous]

285k. 3600 PITI and always have a lot left for savings

[Anonymous]

Wow we make $180 total, have a PITI of $2600 and two kids in daycare. We are not saving ANYTHING outside of what our employers match in 401ks and the amount we can deduct for each kid's 529.