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Reply to "House poor"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Sorry, OP, that sucks. Everyone on here tells people: (1) buy/rent in a great school district; (2) keep your commute short; and (3) be financially conservative with your housing payment. It's tough to hit all of those, though. Usually, something has to go![/quote] You forgot rule 0 around these parts: BE RICH! Seriously, though we are about to go down this path. Wrong idea? Ugh, what do you all mean by house poor? I mean, we have a very good grasp on our actual spending, are happy with the amount we're putting toward retirement/college savings but will only net around 2-3 k per year once we start paying for childcare for 2 (will last for 2.5 yrs). This is assuming no raises and not counting the tax savings. Still a terrible idea?[/quote] Are you earmarking some funds for housing-related expenses?[/quote]
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