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Reply to "am i insane for considering this? 820k mortgage on a 240k income"
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[quote=Anonymous][quote=Anonymous]That mortgage is 3.4x your annual income. I think it's totally fine. It's actually a lot lower than some areas of the country where people typically buy 5x their income (SF, LA, San Diego, Seattle). We did an 815K mortgage on $260K when we bought our house in 2017. [b]Our HHI is now near $400K and will eventually top out at $500K.[/b] Very stable jobs. [/quote] No wonder you think it's fine. Our HHI did something similar after buying, but OP is apparently dual-fed. If history is any indication, they're looking at a couple of step increases to top out around $300k, and then their very stable jobs will start to lose ground to inflation.[/quote]
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