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Reply to "1.6MM home- how much would you want to be making?"
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[quote=Anonymous]Eh - you can probably do it but it'll be challenging to save money and you'll probably find things are a bit tighter than you'd like for at least the first few years. If your income does go up as you think it will and wife goes back to work, then that should ease things up a bit. You should ramp up your retirement savings tho, esp since your wife doesn't work and isn't contributing to a 401k or similar. Honestly, I'd probably try to stay under $1.3 max if I were you - that's still a lot higher than what most folks on dcum would suggest but you're young and as long as you stay in the house a long time, it would probably be fine. Even in this region, that price should still give you a lot of choices in really good neighborhoods. [/quote]
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