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Reply to "Just bought an $800,000 house on a $186,000 salary and now I'm panicking...."
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[quote=Anonymous][quote=Anonymous]Yikes. OK. Maybe you are very young and your income will grow by a lot? We are super grateful that at your salary we were the owners of a house that cost around 350K. It allowed us to save for college, retirement, vacations, cleaning services, hobbies, eating out, entertaining, zero debt, tutors, EC activities, further education and certifications etc. Just by buying a cheaper house than what we could afford, we pretty much had a upper class lifestyle. [/quote] Where do you live? You can’t get a house in the DC area for $350,000. You can barely get one for $800,000. I would want to put 20% down. But I don’t think your mortgage payment is that horrible critical if you live in the DC area. It’s hard to get anything nice for less than 1 million. And he said you love it and it’s your dream home. So I think it’s fine.[/quote]
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