Reply to If your HHI is less than 100k

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]About 85k for me and 10k for husband.  95k combined usually, but more like $65k this year because of maternity leave.

We own.
Mortgage is $1400 and something, right now we pay $1500 (extra principal).
Current mortgage balance is $190k, originally borrowed about $245k in 2003 - that includes some money borrowed for construction loan (house was a foreclosure).  House cost $225k.  (Now worth about $650k).

Not sure your motivation in asking this question, but I think we live well.  I normally save about $600 a month, plus the max for retirement accounts,  save for kids college, eat out a lot (probably too much) and go on vacation/trips several times a year.  We tend to be frugal when we can and have no childcare costs or debts.[/quote]

This was me and you would be "betting" wrong.  I live in NW DC.[/quote]

you got lucky, the next generation will never experience doubling of their house value in a a few years.[/quote]

That is what we were told in 1988 - at the end of another run up.  It flat lined for 10 or so years and then went up agan.  My parents sold in 1997 (before the last run up) and their house value had increased 11 times since they bought it in 1969.  Everything is cycylical.  Just wait for inflation to come back.  [/quote]

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