Anonymous
Post 07/18/2023 06:52     Subject: Re:If your HHI is $250-300k, what is your PITI?
$4100 on $300k.
Anonymous
Post 07/17/2023 21:34     Subject: Re:If your HHI is $250-300k, what is your PITI?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Why is everyone here so cheap? $2,500 PITI on a $250,000 income, really?

The guidelines say you shouldn’t spend over like 35% of your income on housing, but you guys are at damn near 10%.


Yet, somehow with 3 kids in fairfax county - and saving for retirement and college - I don’t feel like we are rolling in the cash.


We like to have cash on hand to cover unanticipated expenses. We have an older house and easily spend $10-15K per year on maintenance and upgrades of things coming to the end of their useful life. I hope you're not just assuming that things won't break because they do...even with new construction.


You're quoting me. I guess we have about $1m in savings. The house is 1985 but I don't usually pay $10-15K per year on fixing things - we don't really update until broken. The kids' bathroom is straight outta 1985, but it is what it is.
Anonymous
Post 07/17/2023 20:53     Subject: If your HHI is $250-300k, what is your PITI?
Anonymous wrote:
Anonymous wrote:Is everyone putting 20% down with these numbers?


I think I put 25% down and bought in 2013 with a 3.6 rate. I don’t think I could afford to live in my neighborhood now.


This was us too. We refinanced in 2020 to 2.5% and our PITI is about $2600. We’re never moving!
Anonymous
Post 07/17/2023 20:49     Subject: Re:If your HHI is $250-300k, what is your PITI?
Anonymous wrote:
Anonymous wrote:Why is everyone here so cheap? $2,500 PITI on a $250,000 income, really?

The guidelines say you shouldn’t spend over like 35% of your income on housing, but you guys are at damn near 10%.


Yet, somehow with 3 kids in fairfax county - and saving for retirement and college - I don’t feel like we are rolling in the cash.


We like to have cash on hand to cover unanticipated expenses. We have an older house and easily spend $10-15K per year on maintenance and upgrades of things coming to the end of their useful life. I hope you're not just assuming that things won't break because they do...even with new construction.
Anonymous
Post 07/17/2023 17:24     Subject: If your HHI is $250-300k, what is your PITI?
$280HHI
$2100 PITI

Bought 10 years ago when interest rates were low and $HHI was $100k less
Anonymous
Post 07/17/2023 17:19     Subject: Re:If your HHI is $250-300k, what is your PITI?
Anonymous wrote:
Anonymous wrote:Why is everyone here so cheap? $2,500 PITI on a $250,000 income, really?

The guidelines say you shouldn’t spend over like 35% of your income on housing, but you guys are at damn near 10%.


Yet, somehow with 3 kids in fairfax county - and saving for retirement and college - I don’t feel like we are rolling in the cash.


+1
Before there was nannyshare cost
Now it’s summer camps, lessons, etc.
plus wanting to do vacations and spend without stressing so much.
Happy to live in a house where we can comfortable swing the mortgage.
Anonymous
Post 07/17/2023 16:52     Subject: If your HHI is $250-300k, what is your PITI?
Anonymous wrote:Some of these PITI numbers…this is the cost of my property tax alone. I don’t get it.


You don't get that other people might not have spent as much on their house as you did?

That seems like a very simple concept not to be able to grasp.

Every single day I look at these forums somebody causes me to think "how in the world did someone so stupid end up with so much money?"