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Reply to "What HHI is needed for this lifestyle in the area?"
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[quote=Anonymous][quote=Anonymous][b]1.5 mil house in a desirable zip code[/b] Private school for 2 kids 2 cars, one should be luxury: think bmv or Audi 1 internal trip per year; skiing trip in the winter for the whole family Fully funded 401k and IRAs Fully funded college funds for the kids 1 mil? [/quote] This is the big question mark. Are you buying at $1.5 or living in a $1.5M house? If you're buying, is it your first house, or are you rolling in equity from a previous place (or two)? Because people in $1.5M houses are all over the place in terms of income. The rest of this you could do on $400k, but you wouldn't have much of a brokerage account because of the private schools.[/quote]
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