Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "How much was your HHI if you bought a $1M House"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous][quote=Anonymous]To take out a $800k mortgage I'd want to make $300k HHI on very stable jobs. We currently have a $340k HHI but I don't feel particularly confident that the higher-paying job is stable, so I'm glad we bought less house. I'd buy a $1M house on much less if I had a giant downpayment though, if that matters.[/quote] How giant?[/quote] 35-40% for my personal comfort level. I'm more concerned about monthly obligations, and if I could get the mortgage down to $3500 or so (disagree with PP that it would have to be a 15 year) I'd bite the bullet. This is assuming that the $1M gets me something demonstrably better than a $700k house would -- namely great public schools and/or a terrific commute.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
