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Money and Finances
Reply to "What is your income to allow one parent to stay at home?"
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[quote=Anonymous][quote=Anonymous]I'm sure it just depends on your mortgage and other debt load and your priorities (college/retirement). We're a combined HHI of 430k, our PITI is 2500/mo, with an end to a mortgage payments in 7 years when are in our mid 40s. We could easily live on 40% of our current income. I just couldn't leave that much money on the table. My kids will have an easy start in life and will never have to worry about financially supporting their parents. [b]So i dont see why a family can't live on any low amount as long as your housing is low[/b].[/quote] I think this is the key. If one of you had a house in the area pre housing boom, you're good. DH and I both grew up here. After college we both ended up back here and it just made sense for us to buy houses where we grew up. We both bought in the mid 90s. We didn't get married until 2007. When you have 2 houses to sell that have significant equity, your new housing cost goes way down.[/quote]
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