Reply to Won the bid on a 900k house and now I feel sick

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It is doable if you cut costs on things like eating out and vacations. Our HHI is about 280k and we have a 900k mortgage, a full-time nanny, and about 700/month in student loan payments. We still manage to save about 2k/month. But we also brownbag our lunches, make good use of our CostCo membership, etc. Budgeting is key. [/quote]

Wow.  This is impressive.  We recently began making an HHI of $330,000 per year, and we also have a nanny who works 30 hours/week ($50,000 per year).  If we had a bigger house, we could have an au pair work the same hours for a cost of $25,000/year.    Our current mortgage is $350,000.  I'd love to upgrade to a better house, but have been so reluctant because of all the posts on DCUM.  I posted a while back on a separate thread (on the Money and Finance forum) about having a mortgage of $900,000, and most people thought I was crazy.

Can you list out your monthly budget?  It would be a huge help.  Thx![/quote]

I think I remember your post in money forum. I think you had credit card debt and other circumstances that made people think it might not be a good idea.[/quote]

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