Reply to One Million Dollar house...talk me out of it.

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[quote=Anonymous][quote=Anonymous][b]Two feds making 300K are already at the top of the federal pay scale.  There will be no meaningful raises for the rest of their working lives[/b], unless they're in jobs that command big money in the private sector - those are the exception, not the rule.

Wiping out savings AND eliminating the ability to save, as OP indicated, will put this household in a very precarious position.  Freedom from worry is worth more to me than a dream house.[/quote]
This was my thought too.  But we're financially conservative.  What if one of the kids needs some special care or private school or a parent decides to scale back from work to PT or the A/C unit inexplicably needs replaced?  I never wanted to be in a position where our mortgage made decisions for us (or kept us from us making the decisions we wanted to make). So we bought a house we could afford at the time (even though our salaries continued to steadily increase).  Eventually I decided to SAH and we're really happy that we were able to work that out without financial ruin.  [/quote]

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