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[quote=Anonymous]Totally possible. .Their mortgage assuming they put down something like $500,000 from a previous house sale or from savings will be around $6500 for PITI. That is totally doable on a salary of $350,000, especially if the wife stays at home and they don't have any childcare expenses. Infant/toddler childcare around here is $2,000 a month or so. For 2 young kids that is about $4,000 a month, yet no one around here ever posts stuff like "OMG can you believe that X family has 2 young kids in childcare and pays $2,500 a month on a mortgage for a $600,000 house with only $350,000 in family income!" Yet $4,000 in childcare costs + $2,500 in mortgage is the exact same expenses per month as the family in the OP here.[/quote]
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