Reply to At odds with spouse ove how much house we can afford

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This isn't just first world problems. It's zeroth world problems.

I have no freaking idea what you're spending your money on if you're making $1mn a year and can only spend $1.7mn on a house. Even with law+medical school debt of 300k, you can pay that off in a year or two if you can "get by" in a 3BR TH paying $4k a in rent.

10:19 makes a good point, make sure hubby's not making you do more work to make HIM feel better financially.[/quote]

That's the point of my post- bridging the gap between what we "can" afford and what DH is inclined to spend.  Please remember the income figures were quoted in gross not net figures so you can safely lop off 35% for taxes. PLease don't forget ~60K year for childcare and preschool expenses.[/quote]

$60K?

We have two in private (about $13K per year) and a nanny we share who only comes mornings ($13K/year).  
total - $26K

Our home is on 2 acres with a pool.  We paid about $550K.  It's a fantastic SAFE area that feeds into a good school cluster, as our children will be attending public high school.

We make about $150K combined and are doing fine.

And my commute is about 30 minutes.  (I'm also only PT with summers off.)

I think that those with these high incomes are always trying to keep up with the Joneses when they really don't have to. You're in that category - and your post, btw, makes you look absurd. [/quote]

Who exactly do you think we are trying to keep up with and why is my post absurd?  Find me a 4-5BR home in walking distance to a metro stop or main artery bus stop with commutes to downtown DC in ~30minutes during rush hours, in Fairfax, Arlington or Montgomery County with a decent sized yard for under $1M.  It sounds like you spent almost 4x your combined yearly salary on a house, and it just so happens my husband is not comfortable going much above 1x a yearly salary.  I wish he would move to 1.5 or 1.75x but he's not convinced.  I'm glad you are comfortable in your situation, our situation would be improved if we could agree to move into the scenario above, within our price range.  [/quote]

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