Reply to 900k mortgage. 250k HHI.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It's so interesting seeing everyone's threshold and where they place value. We wouldn't touch that with a ten foot pole because we place value on other things, so with a 325 HHI, we paid 480 for a TH (TBF-2014 so not current market prices & a 15 year loan), have both cars paid off, max out 401k's and college savings, then spend elsewhere.

As long you're comfortable with the ramifications of what you choose, you do you. [/quote]

I share your view (actually we are even more conservative, [b]paid $500k with a HHI of $500k at the time, which is now $700k[/b]) but we both will probably have a lower HHI as a result. [/quote]

I think this is reckless and spendthrift.  At an income of $500K, you should be living under a bridge just to play it safe.  You never know if one spouse could lose their job or someone could get sick.  Oh and also don't forget to go barefoot at $500K - shoes are only for 7-figure earners.[/quote]

This tells me that you have never been sick or lost a job. Congrats. I myself have received a life changing diagnosis and I can tell you that 99% of people are just not prepared for it. It changes everything. Most people live like they're invincible. God how things change when the rug is pulled out from under you. It's terrifying and really puts excess spending into perspective. I think because this generation has never really suffered (think the greatest generation) they live like they have nothing to lose and spend, spend, spend. [/quote]

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