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Reply to "How much was your HHI if you bought a $1M House"
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[quote=Anonymous][quote=Anonymous]PP here with around a 400K income and house at 1.2. So 3 x HHI. But we live in a state with no state income tax and sometimes our income is well above 400K. I think 3x HHI is totally doable, but I would not go to 4-5x HHI. That just seems reckless.[/quote] Location affects the answer. For reference, our HHI is 500. Mortgage payment is 3,500 but we also spend 3,600 per month on daycare and 3,000 per month on state taxes. [/quote]
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