Reply to Dual income families, what is your HHI?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote]FWIW, I make $83,000, a nurse, and am 49 years old. One kid. Public School. Hubby makes $125,000 same age..Federal.

Do any of these high earners ever see their children??? Ever?

No one we cannot afford Bethesda. [/quote]

Clearly you haven't looked hard at the market in Bethesda lately.  We have an HHI of 150K year with two in daycare, and we feel like we can afford Bethesda.  Not the biggest grandest house in Bethesda, but there's home out there in the 650K range which would be completely reasonable on your HHI.[/quote]

I would LOVE to see how you handle a 650k house on a 150k income and two in daycare.  150k, you might net $8,750/mo.

Call me conservative, but we make double that and don't even carry that kind of mortgage.[/quote]

the people who think it rough or impossible to have a $4K mtg on $300K HHI are simply insane - or have costly cocaine habits or drive rolls royces or I don't know what.  In today's very conservative lending climate, your house payment (including T&I) shouldn't be more than 28% of your gross monthly HHI.[/quote]

I think it is INSANE to carry a 4k mortgage on a 150k income and 2 in daycare. You need your head examined if you do that.  That is like saying on my 300K income, I can easily afford a 8k mortgage.

Yes, I am conservative, we keep our expenses managable on one income, my DHs, which is 180K.  We always want to have the option to drop down and live on one income if necessary.  What if one of our kids has problems and needs a parent home?  What if one of the working parents gets laid off or is unable to work due to an injury or illness? What if one of our family members needs significant amount of financial help?

To each his own, but being strapped to big bills can create big stressors in one's life.  If it does not stress you out to HAVE to have 2 people working at all times, then by all means, go for it, live it up.  However, I like the feeling that one of us could drop out of work if needed.[/quote]

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