Reply to Another how much PITI can we afford post

Forum Index » Money and Finances

Reply to "Another how much PITI can we afford post"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]OP here. Thank you. We didn't make this income until mid thirties and also had student and car loans. One of us worked no profits for a decade and one of us went back to school. Shortly after that, we had kids and daycare, etc costs. First down payment on our fixer upper house was a couple grand over a decade ago.

Now that we are earning more and kids out of daycare, loans paid off, we are saving as much as we can, but will need to make a call about where we live balancing our priority for our kids being in decent schools in middle and highschool. The target areas we have been prioritizing are becoming very competitive with bidding wars. Mortgage rates mean we walk a fine line. We aren't moving till next year, just planning ahead and anticipating how much we could stretch if we must stretch to have kids in decent schools. Do not feel paying for private for two kids while living in cheap housing is better than paying extra mortgage and living in an area with better publics while accruing home equity (plus even religious school private tuition for two kids simultaneously is probably going to be more expensive annually than extra mortgage)[/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