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Reply to "Did you buy a house that stretched your budget? Was it worth it?"
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[quote=Anonymous]We make $225Kish and our house was $501K in 2013 (new construction). Put down 10% in cash. Mortgage with taxes/escrow/insurance/etc. is $3,100 per month. Our old mortgage was $1,500 per month so this was a very hard transition to make but one we felt was needed/right for us. There are days I regret it immensely because money is tied up in the house that I now want to consider using for private school. I didn't think we would go that route, and so we're in a bit of a jam now. We don't want to sell this house but private school AND this mortgage... ouch. [/quote]
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