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Real Estate
Reply to "Won the bid on a 900k house and now I feel sick"
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[quote=Anonymous]It is hard not to panic about a QUARTER MILLION DOLLAR in debt so it is normal to get cold feet but go ahead with the purchase you will be fine. My husband and I make slightly less HHI than you (210K) but we did get the same mortgage 3 years ago (we were making less but no kids at the time). We max our 401Ks (36K) and after all other deductions (Heath, life insurance, FSA) still get 9500 each month (change your tax withholding, you will be getting a lot back). After 4k for PITI and 2k for childcare we are still left with 3.5K each month for everything else (no car or student loans though). We still go on a vacation and find 4k at the end of the year for college saving. No other savings for now but claiming we are house poor is a stretch. [/quote]
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