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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I would reconsider this entire plan.  Why not just have your DW downshift to a less stressful job and see what that looks like?  Let's say she gets something making $110K you're still collectively pulling in $250K which should be plenty of money.  [/quote]

This would require selling house, moving and changing school for our 3 kids

And DW does not want this because she is worried about paying for college so dropping income is untenable without severe need (medical, etc). [/quote]

I don’t understand why this means you have to sell your home. Unless you are living that paycheck to paycheck in which case you have a spending problem.

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+1.  Unless there's some kind of special needs situation if reducing your HHI to $250K requires you to sell your home you have a spending problem so maybe focus on that first.[/quote]

We currently make $380k but most goes to mortgage ($6k). We bought close in, small old house but a proper SFH inside beltway with good schools.

Dropping to $250k is dropping gross income by 1/3 — do most people live on 2/3 of their income just to have option to drop the other 1/3??[/quote]

Yes, most people that make what you make can drop their income by 1/3 and be fine.  At your income level you should be saving a ton of money not spending most of it. [/quote]

So they live in Burke and commute 1 hr+?

We bought a $1.2M house inside the beltway; anything cheaper was literally falling apart and this is a small colonial updates in the 90s.

If we drop to $250k, half our take home would go to the mortgage — that is not sustainable.

I really want to know the numbers where working parents earning $300k live with small mortgages?

I’m fine moving but it’s what we’ll need to do to drop that much. [/quote]

You’re living beyond your means. [/quote]

So anyone making $300k has a house that cost less than $900k?  So you all live outside the beltway or in townhouses?  PP lives in an exurb, which means we would lose 12 hours a week each just commuting.

I can’t believe people making $300+ choose such soul sucking commutes?  Sure TODAY for some telework is an option (but is not for our jobs). And when we bought telework was not a thing. [/quote]

If you move out and buy cheaper house than you both don’t have the 12 hour commutes.  That’s the whole point.  I fully telework and only part time because we bought a less than 500 K house in Anne arundel and it’s mostly paid off.  It’s not a mcmansion but schools are very good, cheaper house in a nice neighborhood.  Dh goes in once a week.  We make 300k. Frankly his commute is his favorite part of his week lol.

But lets say your wife decides to lean out - she could find a primarily telework job for 30 hours a week.  Let’s assume she can make 100k doing this.  And then you still commute but negotiate something like one telework day a week.  You buy a 600k house in a good school district.  This would be very manageable for you guys financially.  invest the house swap savings for college.

Just get out of that moco rat race.  Very few moco kids make it to Ivy League, if that’s what she’s thinking.  Also start applying for fed jobs so you can get telework and flexible schedule options.

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