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Reply to "Just bought an $800,000 house on a $186,000 salary and now I'm panicking...."
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[quote=Anonymous][quote=Anonymous]Just curious, what exactly makes this a bad idea? I figured OP is more or less the average buyer for an 800k house in this area...but maybe I’m wrong? [/quote] We had the same joint HHI, only have 1 kid, and took out a $450K mortgage. We could have gone SLIGHTLY up, but nowhere near $700K and felt like we were able to save. Grandparents are paying for our child's college costs. We each put 15% towards retirement. [/quote]
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