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Reply to "One Million Dollar house...talk me out of it."
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[quote=Anonymous]OP, I think you can afford it in the long term, but you have to decide if the tight cash flow for the next few years is worth buying now. We have a similar HHI and $3500/month mortgage. When we had two in daycare, we couldn't have afforded it. (We could, but it would have been cutting it too close for my comfort.) But now we only have to pay preschool for one ($1000/mo). Other expenses are about $3000/mo including everything. That still leaves $3-4k/mo (not counting 401k contributions) which is a very comfortable margin. [/quote]
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