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Real Estate
Reply to "Can we afford a monthly mortgage payment of $4900?"
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[quote=Anonymous]What is the $2000/month in debt for? Student loans or credit card? If the latter you may already be living beyond your means and shouldn't stretch that far. How stable are your jobs and your long term prospects? A 3 month cushion isn't very much these days to find a high paying job. While we bought in a different housing market our mortgage was about $3300 against a similar income base at the time. However we had 2 kids in private school so that was a drain. It was certainly doable, although we were quite frugal on vacations and eating out, but I took some comfort in knowing that if something happened we could pull the kids from private school and the house payments would still be manageable on one income.[/quote]
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