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Reply to "$300k HHI- $6k monthly PITI- bad idea?"
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[quote=Anonymous][quote=Anonymous]$300k HHI generally on an upward trajectory. No debt. 2 kids with nanny plus preschool eating up about $3k/mo but both will be in public school in a couple years. Contemplating buying a house that leaves me with $6k PITI. Will be tight now but better once kids are in public school not to mention any income growth. Anyone in similar position making it work or struggling?[/quote] HHI is $360K, PITI is $5,500. We are still paying for a daycare center for 2 kids. We are able to max out our 401K contributions, put $400 into each kids 529 monthly, and take a modest vacation each year. But it IS otherwise tight. I personally can't imagine a $6,000 PITI on $60K less HHI. Hope you aren't buying a home that needs work/renovations. [/quote]
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