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[quote=Anonymous][quote=Anonymous]Should never have bought a house with that large of a mortgage on your income. Your take-home is likely ~$300K after taxes. But your mortgage is $84K---does that even include insurance and property taxes? [/quote] I disagree. Selling a home and rebuying is incredibly expensive. Look at what has happened to interest rates. We are in our forever house now but I regret not stretching more with our starter house. We would have had more equity. As long as OP can still save for retirement, pay the bills and maintain the house I don’t think it’s a problem. You even admit they have $220k left to live on. That is plenty especially with the nanny paid for by parents! Why would they not be able to live off even only 100k after the mortgage and no other debt? [/quote]
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