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Reply to "What HHI does a family of 5 need to feel comfortable: NW DC or close-in Bethesda/Nova"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]What do people spend their money on? I have a HHI of $250k, just finished paying off student loans, three kids (2 in public, 1 in daycare) and live comfortably. Vacation a few times a year, max out retirement and put money in 529s. We don’t have a ton left over after all that, but feel comfortable. Our mortgage is $3500/month.[/quote] If you bought in the last 5 years, that total mortgage cost is cleary not for a home in NWDC or Bethesda, close-in That's prob a mortgage on a 750k home...which works great on a 250k income A close in crack shack in Bethesda is now closer to 1-1.2M, which you couldn't COMFORTABLY afford [/quote] My house cost $800k in NWDC. Is that really shocking?[/quote]
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