Reply to Would you take a $950k mortgage on 300k salary?

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[quote=Anonymous][quote=Anonymous]According to this forum you need to be Jeff Bezos to afford a $1.05M rancher in Pimmit Hills. Any income below that and you’ll be camping for every vacation and eating government cheese and ramen noodles for the rest of your life.[/quote]

This is the OP and I definitely feel the same vibes from many posters.  Couple of points - I didn’t specify this at the beginning but we currently make a bit over $400k combined.  I’m a miserable Fed and looking to take a significant pay cut for my dream job that would make our income around $300k.  I also thought that many would say to live there around 7-10 years while raising kids and then downsize but it doesn’t seem like people do this here. Lastly, we do not have family money but of course our parents could take us in and feed us if we both lost our jobs/health.  Otherwise I’m kinda shocked that in this area people making over $300k are having such small mortgages… what do you plan on doing with all your money when your house is paid off?? I guess just the peace of mind which is great but I like the idea of having a really nice home while the kids are here to enjoy it so I think we will splurge and hope for the best!![/quote]

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