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Reply to "What HHI does a family of 5 need to feel comfortable: NW DC or close-in Bethesda/Nova"
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[quote=Anonymous][quote=Anonymous]Our HHI is about $160K, two kids, close-in Bethesda (near Friendship Heights), house worth $1 mil (bought it for $600K a decade ago, $330k mortgage, no other debt, ten-year-old Hondas, public school, maxing out 401ks, savings thru 529s etc. I actually don't get how this is even a question. The tough one is finding a house you can afford -- you may not get your DREAM house -- but the rest is basic living within your means. We may not go to Europe in the summer and Vail in the winter, or buy Canada Goose jackets, but we do not feel deprived in the slightest. [/quote] Again, the fact that you bought your house is irrelevant to the discussion. Yes, the value is 1M but you bought it for 600k. Your 160k income can not afford your house now..hence you couldn't afford to live in FH if you were looking to buy a place [/quote]
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