Reply to Max house price with $350k HHI

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[quote=Anonymous]New poster here.  I'm hoping to revive this thread to see if we can get some additional posters to weigh in.  From the earlier posts, I see that people with $350K HHI have mortgages ranging from $300,000 to $1 million.  Just for the sake of gathering additional data, I'm hoping additional people can weigh in too.

Our HHI is $340,000 (like the original OP).  My DH and I recently made job changes (in my case ramping up at work after having been part-time for a long time.)  So our HHI only very recently went from $175,000 to $340,000.

We've lived in a very small house for almost 10 years and have a mortgage of $300K.  The house is probably worth $750K.

We'd love to buy a bigger house (or add on to our house).  I know our happiness is not dependent on a bigger house, but I think we would greatly enjoy a bit more space (and more updated space since our house is dated).  Now that we have a larger HHI, we'd really like to do so.  (Granted, I know Dave Ramsey would say to live below your means and NOT buy a bigger house just because your income suddenly went up.)  At the risk of being (rightly) criticized, we have credit card debt ($50,000).  On the other side of the ledger, we have (a) $800,000 in retirement (combined for my DH and me); (b) college funds are fully funded (thanks to my in-laws) at about $150,000 per child.

Thank you.[/quote]

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