Reply to Dual income families, what is your HHI?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]bethesda mortgage: 4700/month

me: 125,000
hub:  160,000

one dear boy

painful.[/quote]

I'm the $4,800/month from above.  so glad to see we have some company.  Our incomes are pretty close.  Way I look at it, it will be painful for a few years, but sooner or later inflation will kick in and/or our incomes will rise.  [/quote]

Wow, both of your households are big risk takers. We have an HHI of almost $400,000 and our mortgage payment is only $2,800 (though we pay extra). Even at our income level, there's no way I'd feel comfortable spending almost $5K a month on just PITI. I must be very risk averse.[/quote]

We too have a higher income and lower mortgage, due to the fact that we were [i]lucky[/i] and purchased a home pre-bubble, but I don't see these posters are risky at all.  If they bring home 65% of their income, they still are bringing home $15,430/mo, back out mortgage and they have over 10K left.  Who can't live on 10K/mo???  This is WAYYYYYYYYYYYYYYYYYY better off that the majority of Americans.

Poster-I'd hate to see what you think of the general populace, considering the average Dual HHI is 67k and the average mortgage is $1,400/mo.  The average american family only has around $2,700 left over after they pay their mortgage.  You think having 10K left over is risky?[/quote]

I haven't done the calculations, but I don't think there's that much left over at that gross income, after 401(k) contributions, childcare, college savings, food, household utilities and repair, clothing, activities, etc.
[/quote]

How much needs to be left over, and for what, if you have already paid for all the things you need, saved for retirement and college, and have enough for extras, i.e. activities? FWIW, we make 1/2 this amount ($150K total) and our rent is $2800 and we have childcare for 2 kids at $2000 a month.  [/quote]

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