Reply to $410k house with DH salary stretching ourselves too thin?

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Reply to "$410k house with DH salary stretching ourselves too thin?"

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[quote=Anonymous]We bought a $450k house with double the income and substantially more savings - but we did it based on calculations that we could pay the mortgage and continue to save on only one income. I was pregnant and knew I wanted to take a long leave, and my husband is incredibly conservative and wouldn't take on a mortgage beyond what we could afford in our worst nightmare. And it was doable - I stayed home for a year and my husband's $85k salary covered all the bills. Long term, it would have been really really hard if I hadn't gone back to work - what happens when the central air system dies in July? What about when you realize the roof needs replacing, or your second child needs private therapy, or your parents are sick and you need to fly across the country once a month for an indefinite period of time? (All this has happened to us, by the way.) Go with your gut, especially if you have no plans to go back to work. I've never regretted buying a smaller older house because I know that we can afford our lives even if one of us is out of work for an extended period of time.[/quote]

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