Reply to $330k income - house buying

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I can't tell from the original post whether OP has already fully funded 401k and 529s or is just planning to do that based on future income. If the former, fine; if the latter, bad idea. Cost of child care, extracurriculars, home upkeep, rainy day fund, etc, will make your mortgage payment a big squeeze.

Since you are both Feds, there is little risk of job loss now. But, at some point you may want to change jobs. That could mean more risk in the future.

All in all, I guess you could afford it- but why? What are you getting for 1.4 that you absolutely need vs 900k which gives you a lot more flexibility?[/quote]

In close in hoods 1.4 is a modern home in good repair; 900 is a colonial with new paint.

You can move further out but I suspect they both work downtown, so that ilongrr commutes are much more burdensome [/quote]

I am the quoted PP. You got me - I live in a painted 1942 colonial :) Sometimes I would like a newer home, but I prefer having the extra money to pay for other services to make my life easier. I suppose it just comes down to personal preference. But I think the OP is really pushing it here. [/quote]

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