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Reply to "If your HHI is 400k what is your monthly mortgage?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Where do you all live with such cheap mortgages? Or did you buy a decade ago???[/quote] Ours was always under $2K. We bought a shack in a less desirable area for under $400K. It was a true fixer upper and needed everything. Even a decade ago, housing was expensive. We never moved, did an addition, and DIY'ed most things. Now house is paid off so no mortgage. [/quote] Why is the area less desirable? These numbers are crazy low, unless you bought in 2012 in PG or something. [/quote] Because it was what we could afford at the time. We are in MoCo, and there are still houses in that price range. We just never upgraded our lifestyle except one nicer car as our income changed. Having a paid off house and not worrying about daily spending is freeing. Our goal was to pay it off before college.[/quote]
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