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Real Estate
Reply to "Afford $1.8M on 300K?"
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[quote=Anonymous][quote=Anonymous]Go for it. pretty soon that house will be worth $3M. Imagine the gain. [/quote] Our HHI is about $280K, and our PITI is $2300/month. That leaves us a lot to save. At on point, when our HHI was $350kish, our PITI was $7000, and after maxing out retirement and college savings, other expenses, our disposable income wasn't as high as I would've liked. Also, the larger the house the more $ to upkeep and heat and cool. So, keep that in mind. admittedly, I am risk averse, so I would not have $9000/mo mortgage on HHI of $300k, and I'm in my 50s, so I am looking forward to having no mortgage. [/quote]
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