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Real Estate
Reply to "How much house can we afford?"
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[quote=Anonymous]My income is $250K and I'd never go over $500K mortgage. You should also make sure you have 6 months emergency savings (non-retirement), and are you putting away money for your kids college? I max out my 401K, save for 2 kids college and other things (vacation, reno's). If I went over $500K mortgage I couldn't do that. So with $50K less HHI I don't think its wise to go above $800K. You will be house poor unless you aren't truly saving (for college/retirement) and I hope you really have emergency $. Don't drop $300K on DP if you don"t.[/quote]
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