Reply to Afford $1.8M on 300K?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP Here. sorry for the delay - running children around. 
We have two kids in public schools and have typical UMC activities and expenses - nothing to write home about.  I'm glad I'm getting alot of "That's crazy"s because I also think it's a bit crazy to buy a house whose price is 6X HHI.

We take home just under 16K a month after 401K, HSA, 529s, so after

$3.5K PITI
$1K utilities
$6K credit cards (everything including groceries goes on cards),

We have like 6K left over each month.  We've saved quite a bit over the last couple of years, but the money just goes into a savings account (we don't put non-retirement money in stocks).  So what to do with that money?  Buy a townhouse/condo and rent it out? Or increase PITI to $9K and "invest" in our primary house?

To those asking that we just move to a less expensive house (or one that's farther away) - we've already decided where we want to live (based on schools /neighborhood /commute), so our question for DCUM is not "where can I find a 4000sqft house on my budget" but rather "I think I can afford $9K PITI - should I?"

Thanks for the responses.
[/quote]

We are 360k HHI, and our take home pay after maxing 401k, healthcare, 529 etc is lower than yours. Are you sure you are maxing and taking care of your necessities?[/quote]

+1. My take home on $310k is $11k per month.[/quote]

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