Reply to How much to expect to spend on a new house?

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[quote=Anonymous]We are in the process of closing on a house that we could afford on one person's salary. I have seen a lot of people who purchased houses that require pretty much both of them to work and this has put a lot of stress on them. You might not feel this stress right now when both of you have jobs that you probably like and enjoy but if something changes even for one of you, you would just put needless stress on your lives.

Just knowing that one of us do not need to work makes life less stressful. Even at work just the fact that you do not have to work, makes work less stressful. No needless pressure at performance review time, promotions, office politics, etc. You can just ignore it all. This in turn translates to a more time with children and more importantly focus on your children when you spend the time with them. No checking your office mail on your phone, etc. when you are with your kids.

In our own case the maximum we are willing to pay is mortgage on one person's salary and a purchase price which is 50% of our net worth. So we would be able to write a check for the whole house if we ever wanted to. The other 50% of net worth is in retirement accounts so cannot be used for paying off the house. So your DH is probably not ridiculously conservative compared to me :)
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