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Real Estate
Reply to "$330k income - house buying"
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[quote=Anonymous][quote=Anonymous]Like many others in the DMV, we are two GS-15s with two kids. We have $400k cash, no debt, kids college savings and maxed-out retirement funds. I think $1.4m is doable (that's $7-8k PITI). What do you think?[/quote] We make 498k and carry 3 homes and 6500 in mortgages. I'm perpetually petrified that the 2 will be vacant at the same time and simultaneously an the HVAC will break and the roof will spring a leak. No way in hell would I take on your kind of mortgage. However paying for 6 years full freight for our 2 kids is a top priority after basic food and basic shelter. I'd default on the 2 investments before I stopped our agressive college savings. But you cant default on a primary residence.[/quote]
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