Reply to If your HHI is $250-300k, what is your PITI?

Forum Index » Money and Finances

Reply to "If your HHI is $250-300k, what is your PITI?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]HHI is about $260, our PITI is just under $2500 - we bought a while ago in what was then a lower cost of living city; it's gotten more $$ since then. (We were earning about $80k less when we bought, too.)

We're in year two of 20 year mortgage - we refinanced and took out $ to redo the kitchen a couple of years ago.

A $1600 cabin sounds wonderful. I don't know why that doesn't seem feasible for us - we don't even have kids! But somehow the $ is spoken for, after the bills and retirement and everything. Where is the cabin? [/quote]

We live in Chicago, cabin is in Michigan on a cute little lake. We have 2 kids and our youngest is entering public this year so we feel a surge of freedom from the thousands of dollars per month in childcare we've been paying over the last 5 years.[/quote]

Not to be a wet blanket but aside from a few cheaper years in elementary I didn’t feel like kids got all that much cheaper after daycare ended. And as the “lucky” recipient of 1/2 of two cabins on cute lakes (husband and I each inherited one in conjunction with a sibling) I can tell you that they’re way more expensive than you’d think even without any mortgage payment, because something is ALWAYS coming up that needs to be dealt with. (I’d totally sell except we’re too emotionally attached to these places that have been in the family for four or five generations). We escrow $1500/month for our half of the taxes/maintenance on these properties but generally have to throw in an extra $5K per year or so to cover everything. It’s doable but I daydream about renting on my vacations. Oh, our HHI is just over $320K and PITI on primary is $3400.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics