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Reply to "Moving to a new house when we already own a house "
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[quote=Anonymous]I'm kinda with Debbie Downer on this one. With these numbers your ratio of take home to PITI is double what I would be comfortable with. Maybe you are privy to some information that changes the equation down the line, but I'd be careful about the whole house poor thing. It's no fun sitting in your mansion eating ramen noodles sitting on the papasan chair from your dorm room in undergrad. Also, you'd need to build up a large emergency savings account really quickly since you are a bit extended on the house with only one income and a family of 5.[/quote]
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