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[quote=Anonymous]You will be forever poor if you buy a house worth $850K. We have a HHI of about $170K with a mortage of $1500 per month on a $200K mortgage. We also have to scrape to some extent because of one private school tuition. You will be house poor and not have the flexibility in case of a lost job, illness, child with special needs, ill relative who needs support, dental work ($7000 for one implant, I'm just saying) and so forth. You'd be surprised how much life throws at you and with all your money tied up in a house that you cannot afford on that income you will never get ahead. [/quote]
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