Anonymous
Post 09/17/2013 15:57     Subject: No savings on a high HHI?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:We have a HHI of $500k. We have little savings (401k) a lot of debt, debt on our $2m NW house. We'll never make it if we can't make it now.


Why did you buy such an expensive house? We bought a $350,000 house when we made $184,000. We still live in that (paid off) house today, although we now make $450,000. And we have millions invested.


That's laudable for you. I couldn't personally live in what would be a $350,000 house in this area. I'd rather have the money tied up in a $2 million house and sell it when I retire than leave in a $350,000 house.


You do realize that we bought that $350,000 house some time ago, because I said it's paid off, right? Why didn't you ask me what that $350,000 house is worth today? Either you are reading too fast or your analytical skills suck.
Anonymous
Post 09/17/2013 13:31     Subject: No savings on a high HHI?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:We have a HHI of $500k. We have little savings (401k) a lot of debt, debt on our $2m NW house. We'll never make it if we can't make it now.


Why did you buy such an expensive house? We bought a $350,000 house when we made $184,000. We still live in that (paid off) house today, although we now make $450,000. And we have millions invested.


That's laudable for you. I couldn't personally live in what would be a $350,000 house in this area. I'd rather have the money tied up in a $2 million house and sell it when I retire than leave in a $350,000 house.


Well, this wins the douchiest post award. Congratulations, princess! (Or maybe it's OP's husband?)
Anonymous
Post 09/17/2013 13:24     Subject: No savings on a high HHI?
Anonymous wrote:
Anonymous wrote:We have a HHI of $500k. We have little savings (401k) a lot of debt, debt on our $2m NW house. We'll never make it if we can't make it now.


Why did you buy such an expensive house? We bought a $350,000 house when we made $184,000. We still live in that (paid off) house today, although we now make $450,000. And we have millions invested.


That's laudable for you. I couldn't personally live in what would be a $350,000 house in this area. I'd rather have the money tied up in a $2 million house and sell it when I retire than leave in a $350,000 house.
Anonymous
Post 09/17/2013 13:14     Subject: No savings on a high HHI?
"Annual income twenty pounds, annual expenditure nineteen [pounds] nineteen [shillings] and six [pence], result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery."
--Charles Dickens
Anonymous
Post 09/17/2013 13:01     Subject: No savings on a high HHI?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:OP here. We are mid 30s. Our income has been rising steadily but we've hit a ceiling. I could go back to work but with kids and prospects of working long hours to make only $100k its probably not worth it. Yes we need to cut back. I'm more willing to cut back than DH who thinks he's entitled to live a certain way because 1) he works so many hours and 2) he was brought up by relatively wealthy parents. Our house is the issue but we wont sell. It's our forever home, and in this part of NWDC prices are only going to go up.


So, can you let go of the nanny (just a guess)?


Why would she have a nanny if she doesn't work?


Because lots of other families with $2M upper NW homes and $500K+ HHIs do. As I said, just a guess. OP hasn't denied it either.
Anonymous
Post 09/17/2013 12:48     Subject: No savings on a high HHI?
Anonymous wrote:
Anonymous wrote:OP here. We are mid 30s. Our income has been rising steadily but we've hit a ceiling. I could go back to work but with kids and prospects of working long hours to make only $100k its probably not worth it. Yes we need to cut back. I'm more willing to cut back than DH who thinks he's entitled to live a certain way because 1) he works so many hours and 2) he was brought up by relatively wealthy parents. Our house is the issue but we wont sell. It's our forever home, and in this part of NWDC prices are only going to go up.


If this is true, then why did you post? Nothing will change if you don't sell your home. God, you're stupid.


+1
Anonymous
Post 09/17/2013 12:47     Subject: No savings on a high HHI?
Anonymous wrote:
Anonymous wrote:OP here. We are mid 30s. Our income has been rising steadily but we've hit a ceiling. I could go back to work but with kids and prospects of working long hours to make only $100k its probably not worth it. Yes we need to cut back. I'm more willing to cut back than DH who thinks he's entitled to live a certain way because 1) he works so many hours and 2) he was brought up by relatively wealthy parents. Our house is the issue but we wont sell. It's our forever home, and in this part of NWDC prices are only going to go up.


So, can you let go of the nanny (just a guess)?


Why would she have a nanny if she doesn't work?
Anonymous
Post 09/17/2013 12:26     Subject: No savings on a high HHI?
Why so much CC debt? Does your DH have an addiction to acquiring more stuff?
Anonymous
Post 09/17/2013 12:23     Subject: No savings on a high HHI?
Anonymous wrote:Kids are young enough that I think we could send them to DC public (we're inbounds for a really good one) but DH thinks that's insulting.


Your husband's an asswipe. When he drops dead of a heart attack you'll lose the house anyway and be forced to put the kids in public school.l
Anonymous
Post 09/17/2013 12:16     Subject: No savings on a high HHI?
Let's say your husband pockets $350K/year after taxes. Monthly mortgage on 1.6 million should be about $10/k with taxes and PMI and a rate of 4.8 (just a guess).

So your husband takes home ~29K/month and you pay out ~10k for the mortgage. You are spending more than ~19K a month???? What do you buy?
Anonymous
Post 09/17/2013 12:14     Subject: No savings on a high HHI?
Anonymous wrote:OP here. We are mid 30s. Our income has been rising steadily but we've hit a ceiling. I could go back to work but with kids and prospects of working long hours to make only $100k its probably not worth it. Yes we need to cut back. I'm more willing to cut back than DH who thinks he's entitled to live a certain way because 1) he works so many hours and 2) he was brought up by relatively wealthy parents. Our house is the issue but we wont sell. It's our forever home, and in this part of NWDC prices are only going to go up.


If this is true, then why did you post? Nothing will change if you don't sell your home. God, you're stupid.
Anonymous
Post 09/17/2013 12:13     Subject: No savings on a high HHI?
Anonymous wrote:OP here. We are mid 30s. Our income has been rising steadily but we've hit a ceiling. I could go back to work but with kids and prospects of working long hours to make only $100k its probably not worth it. Yes we need to cut back. I'm more willing to cut back than DH who thinks he's entitled to live a certain way because 1) he works so many hours and 2) he was brought up by relatively wealthy parents. Our house is the issue but we wont sell. It's our forever home, and in this part of NWDC prices are only going to go up.


Only $100K?
Good grief. You do realize that the majority of households in DC live on less than that?

Anonymous
Post 09/17/2013 11:58     Subject: No savings on a high HHI?
Anonymous wrote:
Anonymous wrote:Kids are young enough that I think we could send them to DC public (we're inbounds for a really good one) but DH thinks that's insulting.


OP, from your three or so posts, it's clear that your poor finances are just a symptom. The real problem is that your husband is a douchebag. But hey - at least he's a douchebag who makes a handsome living! So you got that goin' for you - which is nice.


They're both total assholes. Match made in heaven. Negative cash flow on 500k! Amazing.
Anonymous
Post 09/17/2013 11:55     Subject: No savings on a high HHI?
Anonymous wrote:OP here. Our golden eggs are the future inheritances we will both receive (I hope) from both our parents. Of course our parents are in their late 60s so that may be 30 years from now.


It is very sad to wait to get inheritances from your parents and mean while burning your $500K HHI without using your brain.
Anonymous
Post 09/17/2013 11:50     Subject: No savings on a high HHI?
Anonymous wrote:Kids are young enough that I think we could send them to DC public (we're inbounds for a really good one) but DH thinks that's insulting.


OP, from your three or so posts, it's clear that your poor finances are just a symptom. The real problem is that your husband is a douchebag. But hey - at least he's a douchebag who makes a handsome living! So you got that goin' for you - which is nice.