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Reply to "One Million Dollar house...talk me out of it."
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[quote=Anonymous]I would never do this. We have a similar income to yours two kids (8 and 6) and a mortgage that is only 3000 and I still feel like it is tight. Eventually you'll want to travel, sign the kids up for activities and sports, get them therapy or allergy shots or private school if the end up with special needs. You'll need to furnish that much larger house with nicer furniture because cheap furniture is going to look weird in such nice rooms. Your food bills will continue to increase as your kids get older and who the heck knows if when we might get a COL increase again, much less bonuses or an end to the sequestration. You will be wiping out your savings! Please don't do this. Maybe it would be okay but you will always have this size mortgage and it will take you forever to gain equity and housing prices fall and you need to move you will be screwed![/quote]
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