I personally would not go more than 1mil home with 20% down.
We are at 300k and have 350 mortgage on one house and 125 on rental property. I feel comfortable with this as we like to have money to play and travel to Europe at least twice a year.

Probably about $5500/mo. Maybe I'd stretch up to $6k/mo. if I loved the house and neighborhood

Anonymous wrote:

Anonymous wrote:Rule of thumb is to buy a house that is double your HHI. We bought ours for 300k (20 years ago) at 150K HHI. It gave us enormous amount of financial freedom and fantastic SOL.

I bought a house that is 3 times my HHI and I'm still saving a lot of money.

Same here. I think other posters have raised good points about how sustainable the income is. I think at $400K you're probably going to find something that works for you that is below the max you can afford.

Anonymous wrote:Rule of thumb is to buy a house that is double your HHI. We bought ours for 300k (20 years ago) at 150K HHI. It gave us enormous amount of financial freedom and fantastic SOL.

I bought a house that is 3 times my HHI and I'm still saving a lot of money.

Rule of thumb is to buy a house that is double your HHI. We bought ours for 300k (20 years ago) at 150K HHI. It gave us enormous amount of financial freedom and fantastic SOL.

Anonymous wrote:HHI $360k with a $950k mortgage. No issues and save about $3-$4k a month

What's your PITI?

How long have you been at $400k HHI? How stable is it? We're right there but we don't think we will be for much longer, and $3500/month feels right for us. I guess if I thought it would last forever I'd go as high as $6k?

HHI $360k with a $950k mortgage. No issues and save about $3-$4k a month

$1m

39&41 here. We got into the real estate market 15 years ago. Income 525k. Mortgage 2400. If we were just starting out, I wouldn't go higher than $3500. This is because I know how incredible financial freedom feels.

7k max

What are the jobs and how easily could the income be replaced? My husband made that much in his last job, now he makes $220k. In some fields, it’s hard to find replacement jobs above a certain level.

I wouldn't want my total debt monthly payments to be more than 25% of my income.

What is your full monthly breakdown? Surely you have more expenses than that.

What is the max mortgage you would take on (or do you currently have) at 400k HHI in late 30s/early 40s? Other expenses - 500/monthly student loans, no car payments, $1k preschool/month, public school.