Reply to What monthly PITI would you be comfortable with?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote]This has to be a joke or you're completely disconnected from reality.

I net about half of what the OP makes and pay 2K for my PITI.  It's not hard at all.  I am still able to save money every month.

The OP could easily do $3500.  If you have a hard time living off 5k after housing and retirement then you're doing it wrong. [/quote]
[quote]
I think that you're missing this poster's point. She is telling the OP that [expensive] things come up during the course of a child's life and if you are tied to an expensive mortgage you may not have funds available to pay for them. She is also pointing out that their income may not be stable for the next 30 years and there may be some periods of unemployment.  She is merely making a suggestion based on her life experience and frankly I don't disagree agree with her.[/quote]
I'm not missing the point.  It's just straight up absurd.  I get being frugal.  But, claiming that you can only spend 2k on housing when she makes 13.5k is nuts.  What does she do with the other 11.5k?

[/quote]

What I don't get about the $2000 figure is that it sounds like PP is a renter, not a home owner, and is paying $3000 in rent now. There's no theory where your PITI needs to be less than what you're currently paying in rent. For one thing, your net pay goes up when you become a homeowner. For another, a portion of your mortgage payment is going towards your net worth, so you can theoretically reduce your savings.[/quote]

yes, the conservative bent on this forum kills me.  I had HHI less than the OP with $4K/month in PITI.  You know what I did?  I went to a 15 year mortgage and now my payment is $6K/month in PITI.  Totally doable.  Not sure what you spend all your money on.  Rates are historically low, take advantage of them.[/quote]

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