Reply to What can we realistically buy with $250K HHI?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We bought a house with a 500k mortgage in 2016 on a similar income, it was tight but we also had two daycare payments at the time.   Very little wiggle room money and that was with a lower interest rate than today. We ended up leaving the area due to a job transfer and now feel much less “house poor”.  Not having that huge panic over money if something goes wrong was a huge mental game changer.  I would opt to buy either further out, especially with three kids.

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This is a little nutty - you made $250k and your housing payment (PITI) was what, $3k?  That made you anxious?  You can't rent for that amount!  [/quote]

I think at the time it was like 3200, plus 2 daycares which together were just over 4000.  Take home pay was about 15k, so half was going to mortgage and daycare and that truly felt tight to us.  The other 7k went to retirement savings, 529 savings, food (about 1000 per month), car payment (about 500 month), gas, student loan payment, incidentals, etc.  it did feel tight![/quote]

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