Reply to Another can we afford this post, HHI $325k

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I know we can but risk averse spouse is nervous so curious what others think.
HHI $325k split evenly
2 working parents, 1 child
House price $1.3M, down payment $450k, PITI ~$6500
No other debt[/quote]

Plans for any more kids?
Emergency fund / additional savings or investments?
Retirement on track?
College savings handled?
Expecting any inheritance?

Basically I agree with your risk averse spouse that this is a big mortgage payment on your income and pretty anxiety-inducing, but I could imagine a world where I'm wrong and your personal cushion makes it fine.
[/quote]
No more kids. Ahead on retirement and college. Expecting a lot in inheritance, hopefully not for a while though. To the other PP above, house won’t require any maintenance for a while as it’s new.[/quote]

$1.3M for a new house gives me pause - is it in an “undesirable” area? Most new construction around here is high 1s even in areas zoned to Justice etc. Make sure if you’re stretching you’re in an area where you could easily sell if worst comes to worst. [/quote]
OP here - it’s a townhouse in a very highly rated district.[/quote]

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