Reply to Why is DCUM SO conservative with housing?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I just get confused by the pearl clutching at buying a 1m house on 300k income say, while at the same time everyone seems to have 2 to 3M in retirement accounts by 40 on even more modest income.  Something doesn't add up. How can it be super scary to buy a 1M house at 3 to 4 times income and also a given we all need to save way more than that for retirement or starve.  Honestly asking[/quote]

This is an anonymous forum.  The responses you read are from different people.  Not everyone here has a $300K income and $2-$3M by 40.  We have $1M, but DCUM would still consider us poor because our current income is low while one parent SAH.  [/quote]

+1  We're 50 with 2.3 million, but DCUM "poor" because we currently have only about 120k in income while paying 35k+ for college because one parent is SAH for other kid with medical needs.  Really, really glad we bought a 450k home in 2010 rather than the 700-800k we could ostensibly could "easily afford" then before we knew about medical needs.[/quote]

But that isn't the point of the OP is it? She/he is talking about the "how much home can I afford?" posts where people come in an say "OMG I have 300K and twice as much in savings as you OP, but I could never imagine spending more than $500K! we would simply go broke it we spent even a penny more!!!"  These posts so up every single time and honestly, they are ridiculous because half the time, those posters are leaving out some special circumstance.

Reading comprehension on this site is very, very poor.  Most people use posts that are asking for advice as an opportunity to complain or humblebrag while not providing a realistic answer to the OP.  I am constantly floored by how many posters claim high income and high net worth but appear unable to comprehend and appropriately respond to fairly simple posts.

PS - those posts are filled with people who freak out that anyone would spending much more than 2X their income on housing.  You spent slightly less than 4X and were talking about spending 7-8X.  That is WELL outside the bounds of the hysterics associated with these conversations and many of the conservative housing posters would probably think you were insane for spending nearly 4x your income on housing.  Also LOL at the 2.3M but "DCUM poor."  Not quite. [/quote]

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