Reply to Anyone at $330K HHI have a mortgage that is $4900/month (37% of net pay / 17% of gross)?

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Reply to "Anyone at $330K HHI have a mortgage that is $4900/month (37% of net pay / 17% of gross)?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here again.  I posted this question several months ago, and some responders said it was do-able to have a mortgage of $4900/month (with $330K HHI), and others warned that it would leave us feeling house poor and cash strapped.

We've been looking for houses in a lower price range, but didn't find anything worth moving to.  Now a house has come onto the market that would be a good fit for us (within our school district and with more space and a street with nice trees and no cut-through traffic.)  I really want to bid on the house, and [b]DH is a bit reluctant[/b], but OK too.

Any more thoughts from people with an HHI of $330K (two full-time working parents)?  The mortgage would be $850K – which would be 37% of net pay (and 17% of gross pay).

Thank you![/quote]

You need to drop this whole plan.  You managed to rack up CC debt despite having high income, low mortgage, and help from your grandparents.

You blamed your 'active' DH for part of those costs, but whatever, money is fungible and I'm sure you were party to the overspending.

But when you buy this very expensive house, and your DH *HAS* to cut out the things he values despite voicing opposition to splurging like this, you will have real troubles, financial and marital.[/quote]

+1,000

As someone who has felt house poor, never ever ever again. I replied to this thread 8 months ago and stand by what I said then (I was the first reply). [/quote]

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