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Reply to "Just bought an $800,000 house on a $186,000 salary and now I'm panicking...."
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[quote=Anonymous]$7k a month sounds like a lot but what about after school care ? That’s $500 a kid. What about a family vacation? A modest family trip involving an airplane is at least $5k (that’s $500 a month). What about summer camp ($200-500 a week if day camp). What about renovations a few years away. If you are going to pay cash you’ll need to save thousands of dollars over years (500-1000 a month). What about when your car dies. Furniture and clothes and equipment for stuff. It adds up for a family living that DMV life. We make $310 and our mortgage is $350 on a fifteen year. If your kids are older you’ll have a mortgage into your 60s or 70s!![/quote]
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