Reply to Won the bid on a 900k house and now I feel sick

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We must be cheap. We make about $200K together.  We paid $550K for our 5 BR home. We wouldn't even go up to $600K.

It's not worth being house poor.  You never know what can happen in the future. sick spouse, divorce, fired

no way

I've seen too many foreclosures and short sales in my life.

not worth it[/quote]

I doubt you live in the dc area[/quote]

b/c you have ESP or a crystal ball!  :roll:

lived in Silver Spring(close in) most of my life
now in Ashton

We owned homes in both areas before and after marriage.

We live w/in our limits.  I would NEVER be house poor.

I've seen too many marriages break up, leaving the women practically destitute.  sorry - But we have a home we can keep on one paycheck (if necessary) b/c we put down a hefty down payment. We make about the same in salary.

Furthermore, we save about $12K/year for college and have a good chunk tied up in investments.

Security is number one in my book, and we think of the kids first.

But hey- if you're making a shit load of money, an expensive home fits w/in your budget.  $200K isn't a shit load in my opinion.  [/quote]

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