Reply to found a perfect house but PITI would be 25 percent of our monthly gross income.

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Reply to "found a perfect house but PITI would be 25 percent of our monthly gross income."

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I think it's high, but you have childcare covered so that means you more have wiggle room than most.  We do 3.3k on 340HHI (no childcare yet but very high SLs) and it feels okay but not luxurious.[/quote]

HUMBLE BRAG[/quote]

No, it's really not. I'm posting for the opposite reason of bragging, it's a warning. Honestly we thought we were being super conservative but it feels tight some months.  And we're not the "my G8 is over 3 years old, how can I show my face at DD's private school" people who post about feeling stretched on $500k.  One of the most important decisions you can make in terms of setting yourself up for financial security is keeping fixed costs low, and your primary home is the biggest fixed cost for most people.  If OP feels like $k/month seems high to him/her, they should think long and hard before getting suckered by a chorus of "we spend $8k/month on our house on a HHI of $250k, you'll be fine!" DCUM posters.

When the calculators tell you one thing but your gut tells you another, pay attention to your gut.[/quote]

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