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Reply to "Would you spend 700K on a house with 165k HHI?"
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[quote=Anonymous]We have a similar HHI and our mortgage is similar to your current mortgage (~$2000). I would not be comfortable going as high as you’re proposing BUT we also have one (soon to be two) kids in daycare and a car payment. So maybe I’d feel differently in a few years. Our 1940s house also has “old house problems” and needed updates, so I can see the appeal in getting something more finished if/when we did decide to move. I’d take a look at your budget and make sure you’re happy with what you’d have after the mortgage payment to fund retirement/college savings, necessities such as food/utilities/healthcare, and then $ to do occasional fun things like vacations and eating out without constantly being paranoid about money. If you’re already paying $2400/month, where would the extra $1000 per month come from?[/quote]
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