Reply to Another how much PITI can we afford post

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What’s your PITI now? You’re already behind on your retirement and 529s. And your income is likely going to be pretty stagnant. I think you’re setting yourself up with a stressful quality of life. I mean you are likely buying houses not as worth as much as you’re paying for them (bc of the low inventory) and high interest rates. It just seems like a terrible idea even if you technically can afford it.[/quote]

2500. FWIW, when I project out retirement (I have. Spreadsheet projecting contributions and returns) we'll have $3.5M by the time we hit age 63ish assuming an annual 5-6 percent return, not counting other savings, plus [b]DH doesn't think he'd retire[/b] (I probably would work part time). I'm struggling with DCUM standards vs routine middle class national standards. Like, I don't expect to do ski weekends. We are frugal with vacations, we stack travel card credit card points and have gone to europe several times without paying for airfare and even some of the lodging for us and kids. What am I saving beyond for?

I also don't expect to save further for our kids beyond two years state school (doable with family money and $500-600/month contributions per kid between now and then). I don't expect to leave them inheritance beyond whatever we got left when we go.[/quote]

This is unrealistic unless he plans on dying at 70. He is going to stop being employable, and his body and mind will give out. Not retiring is not a plan to pay for your care in elder years.

The reason we are saying OP can't afford it is they have not been able to save much while paying 2500 and they need to save more, so paying an extra 1500/month will make it difficult.[/quote]

OP has enough money and can afford it.
If they want to work until 70, they can. Many people continue to work at that age. 
OP is very realistic about what they need for college and retirement and they are not behind at all by normal standards. [/quote]

Normal standards is not a high bar. [/quote]

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