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Reply to "Another how much PITI can we afford post"
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[quote=Anonymous][quote=Anonymous]What’s your PITI now? You’re already behind on your retirement and 529s. And your income is likely going to be pretty stagnant. I think you’re setting yourself up with a stressful quality of life. I mean you are likely buying houses not as worth as much as you’re paying for them (bc of the low inventory) and high interest rates. It just seems like a terrible idea even if you technically can afford it.[/quote] +1. You are early 40s and are maybe expecting a 20K bump in a few years beyond inflation. I wouldn’t overextend on a home with two little kids, what you have in college savings, and what you have in 401Ks. You’ll be stuck underfunding those things and while it’s great that your DH doesn’t mind working forever chronic illness, age related diseases, layoffs, etc. are all (mostly) outside of his control and could impact that part of his plan.[/quote]
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