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Reply to "Would you buy a $1.2M house on this HHI?"
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[quote=Anonymous]$300k gross annual wages plus $3k/mo net income (post-tax) from passive investments. We have two kids but no daycare costs. Also no student loan debt. $500/mo for car and $500/mo for extended family support. We are in our early 30s. We both work and our jobs are pretty stable (and wages are not based on sales or bonus) but still susceptible to the economy as most jobs. We plan to put 20% down and get a 30 year mortgage. Our original budget was $900k but found a house for $1.3m that we like. Based on comps, we would be comfortable offering/paying $1.2m for the house. [/quote]
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