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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Little stuff doesn't matter so much with the HHIs on this forum. The best things you can do are buy a reasonable house that is only 1x-2x HHI with a 15 year mortgage and buy Hondas/Toyotas/Subarus with cash and drive them until they die (10-15 years). The other stuff doesn't matter so much if you get these things right.[/quote] This doesn't help those of us who are looking to buy a house today and the average home in MoCo or DC is over $400K. [/quote] Actually, it helps quite a bit unless you have decided to be house poor either because you are wedded to a location or just want to appear ghetto rich in a McMansion. It just comes down to being honest about what is affordable and what isn't and forgetting this "stretching" nonsense that everyone talks about (terrible idea). On a 500k house with 20% down/400k mortgage that should be doable on a $200k HHI with plenty left over for other stuff. However, if you want 8000 sqft and 2 European SUVs in the driveway then you will need to read the previous posts about eating mayonnaise sandwiches and leftover conference room food at work so you can make your mortgage payment every month. :D [/quote]
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