Reply to HHI $250k what would you spend on mortgage?

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[quote=Anonymous][quote=Anonymous]"Gifted"?!? Ha! The kid is 4. IQ is not stabilized until their 12. I agree with finding the best educational support for your kids, but putting labels that you clearly don't understand on them only hurts them in the long run.[/quote]

IQ stabilizes the most at around 7 (though IQ scores do have variability throughout the lifespan), but shows some reasonable stability at 4.  On a full-scale test, a kid with a v. high score at 4 is not likely going to be significantly less at 7, though a kid with a low score at 4 may be significantly higher at 7.  OP mentioned that they did testing at the suggestion of a pediatrician and preschool teacher so they may be in an unusual situation with their kid.  Besides they mentioned it because it may need to be a planning factor in their finances--good public schools aren't always a good fit for outlier kids.

Back to OP, you seem to not be factoring in the rental income from your apartment into your planning--your HHI from govt jobs is 255k, your rental income adds a conservative 20k, which puts you at 275k, and an asset  you could sell if need be.  I would put your upper limit purchase price on a house with a 250k downpayment at 1.25 million and the comfortable level at 900k (depending on the mortgage rate you are able to secure).[/quote]

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