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[quote=Anonymous][quote=Anonymous]PITI on $1.2m home with 10% down is $7k/month ($84k/year).  Add in another 1% per year for maintenance/upkeep and it's just under $100k/year.  That's ~ 50% of after tax take home income on $300k HHI.  If you physician-level stability in your jobs and no recessions ever hit and you never face illness, lawsuits, or unemployment, then maybe it works.  But it would be too stressful for me personally.[/quote]

1) assuming 20% down. If you can't muster that you won't get premium loan treatment, you'll have PMI, can you even do that any more at this price range? That's a different ball game

2) so 800k mortgage, PITI about 5k per month

3) nobody spends 10k a year on average maintaining a 2,500-3,500SF SF shit shack around here. That guesstimate (1%) is from a bygonr era when houses cost 200K. I've never spent more than 5k in any single year ever in this area on 30 years. That's like worst case scenario of your HVAC failing.

If you lose a job or get sued, what differnece does it make what your mortgage is give or take a grand? Silly concern.[/quote]

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