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Reply to "How much debt you have? Mortgage and student loans included."
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[quote=Anonymous][quote=Anonymous]$575k on a house in Fairfax County at 2.8%. Worth $900k-$950k, and will be paid off in 15 years. $350k on our vacation home at 4.25%. $50k in car loans. One will be paid off in three years, the other in two. We keep our cars awhile, so no plans to increase this. No student loans. DH and I both paid them off years ago. We're 38 and 40 with an HHI of $415k, so $975k in debt doesn't seem unmanageable or unreasonable. We know a similarly aged couple with an HHI of $350ish and $2.2 million in debt. I couldn't fathom that. [/quote] $50,000 in car loans sounds excessive. Why didn’t you buy cars you could afford. That’s a large debt that is completely unnecessary. [/quote]
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