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Real Estate
Reply to "7K Mortgage on a HHI of 500k"
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[quote=Anonymous][quote=Anonymous]Thanks, I was really starting to think I was crazy. My spouse and I make $250K combined and are looking to spend $1.2-$1.4 million. We are mid 30s with no kids, and will be putting approximately 40-50% down. We have no family help, no inheritances, etc. We take nice vacations and don't really feel like we deprive ourselves of anything, but things like nice cars don't matter to us (and yes, I know having no kids helps a lot also). But I guess people really don't save anything because it seems like we are outliers in having more than enough for a big down payment. Can't believe our competition is people making $500-$600K; just figured they'd be aiming much higher.[/quote] Kudos for having enough to put 50% down. HHI ~640k and recently bought for 1.3, which was the very top of our budget. Why not more? Aiming for FI in mid 50s.[/quote]
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