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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Seeing house prices as they are today, how do people afford the $1M+ houses/townhomes that will amount to nearly $9K-$10K/month mortgage? Plus I see them switching to newer cars every so often. These are two income software professionals in the household, and I don't understand the math. What am I missing?[/quote]

They don’t have children and are not saving for retirement. I used to live large when I was in my early 30s. Fast cars, an amazing house, parties, etc. I had a great time and would not want to miss it. Now fast forward 15 years, and my house is more modest, and my life is much less glamorous. I love my kids to pieces and again would not want it any other way, but between private school tuitions, various activities, camps, and saving for college and retirement, my day-to-day life does not reflect that my salary has trippled.[/quote]

I can totally relate to this!  We had so much more disposable income before kids, even with a much lower HHI.  [/quote]

Me too! In my early 20s as a single professional I used to fly to Europe and the Caribbean for vacations, eat out regularly, and love a very carefree fun life. I could kick myself for not starting real retirement savings back then. Now in my late 40s all of my extra cash goes to 529s, 401k, private school, and the kids’ latest needs. I have a much higher income but personally live much more frugally.[/quote]

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