Reply to Mortgage Payment on 200K salary?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Our hhi is about $170, so lower than yours, but I wouldn't want to go higher than $2500. Our piti is $1900 and, with daycare at $1300 a month, I feel comfy, but wouldn't want to pay too much more. [/quote]

This is a good example for comparison though ... assuming $30K extra HHI, after taxes that's probably about $20K, so about $1600 extra per month.  Daycare costs are comparable (and OPs are going down to $900).  Assuming a comparable lifestyle & other expenses, that would leave up to $2000 extra per month for other costs, including mortgage.  It doesn't seem that unreasonable to me to devote much of that budget to housing if the quality of home / neighborhood / life justifies the price.  I.e., if you had $2000 extra each month to subsidize extra housing cost, but kept everything else in your life constant, wouldn't that be a good situation?[/quote]

Honestly, I would want to put the money towards other things (savings, etc), particularly sine you don't know when situations may change and it's easy to have lifestyle inflation when you move to a bigger house/nicer neighborhood.  High mortgage costs are really scary to me.  I'm not saying that others need to be risk averse, but that is how I am.[/quote]

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