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Reply to "am i insane for considering this? 820k mortgage on a 240k income"
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[quote=Anonymous]We bought a $660k house with a joint income of $230k, but we still have student loan debt, car payments, and 2 kids under the age of 5. We feel strained but we absolutely LOVE our house. Also, we bought at the height of the pandemic uncertainty. Went under contract in April 2020. House appraised at $750k in May 2020. Similar houses are going for just under a million now. It’s all a crapshoot but looking back I’m glad we went for it as if we’d hesitated we’d never be in a house like this. I would definitely call us house poor though. Our taxes aren’t cheap either-$8k/year.[/quote]
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