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[quote=Anonymous][quote=Anonymous]Some details...

160k combined income (we both work for the government, in 5 years we expect to have about a 190k combined income)
50k cash for a downpayment

we both have 5 year old cars that are paid off, will be able to drive them for a long time

only debt/loan is a 200 dollar student loan/month

we are planning on trying for kids next year or so... [b]we have both sets of inlaws in the area so childcare won't really be an issue.[/b]

we're interested in the rockville/gaithersburg area... i work from home and my wife works in gaithersburg.  it seems that for a decent townhome/house in a good school district, you have to pay a minimum of 450-500k for a house.  I have seen houses that I like at this price range.

I know that dcurbanmom is generally conservative, but I feel that in our situation, it would be reasonable to have a 400-420k mortgage, considering our stable jobs and guaranteed salary increases (albeit small) in the next few years.

what do you guys think?[/quote]

Do not bank on this.  You have no idea if they will actually be able to commit to 45-50 hours a week of childcare, every week, and if your relationship can withstand that.  Even if they each take a day a week, paying for three days a week of a nanny is expensive on an hourly basis.  And one of you works from home?  You're not going to want your child there while you try to do work.  Budget $1300 a month for daycare.  It might go down a little when your child hits 2-3 years of age, but don't get a mortgage thinking your daycare costs will be zero.[/quote]

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