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Reply to "Is it crazy to borrow 800k mortgage on 300k HHI?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]HHI of 250k here, and I am nervous about our $450k mortgage. But I am overly conservative. [/quote] Are you also saving substantial amounts for retirement? Yes, 800K on 300K HHI is doable, but it might mean that your retirement and kids education (not public school, but college) takes a hit. Yes, it is also true that your kids can pay for higher education (Law school, business school, post doc, med school) with student loans...but then the cycle of huge amount of student debts begin anew for the next generation. I would rather live in a small house, save for retirement first, then pay totally for kids college - so that they are launched in life with no student debt - and can do the same thing for their kids. [/quote] I think you meant this for the OP. I am the 450k mortgage poster. But, yes, we are saving and investing a lot. [/quote]
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