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Reply to "How much was your HHI if you bought a $1M House"
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[quote=Anonymous]We bought at $975k with a $600K mortgage (saved for that down payment for yrs) when our income was $200K. Now our income is $375K and our primary mortgage is $500K and we bought a second house for $335K with a $235K mortgage. So now total income $375K, total loan $735K plus utilities on 2 properties. We have 3 kids but they're in late elementary and one parent telecommutes so childcare costs per yr (travel sports x 2 plus summer camps plus some childcare) = 20K We max 2 401Ks and and save an additional $80K per year. Maybe we live really cheaply? It doesn't seem so but we're able to do a whole lot on $375K. [/quote]
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