Anonymous wrote:HHI $300 (so a bit low)
House Value $1.25M (purchased at $850 + $200K renno and in a hot market so significant appreciation)
Mortgage $500K
PITI ~$3100 (on third refi, now at 3.65%/30)

Savings (retirement and brokerage) $5500/month

I'm super curious on that last point- what do folks in this bracket actually SAVE every month? We are at about 33% of take home

I can tell you that we save alot less now that we have a child but we can in the range and I saved 15% of gross. DH might have saved a bit more. So net is pretty high considering taxes in this income bracket.

$1.36m, $999k mortgage (less underwriting hoops if sub-$1m loan).

Anonymous wrote:

Anonymous wrote:$1,350,000, but we put a lot down so our actual mortgage is somewhere in the neighborhood of $700,000. You also need to factor in whether you plan on sending your kid(s) to private schools or not. We could not afford a larger mortgage and send both of our kids to private school unless our HHI was a decent amount north of $400K. Conversely, if we weren't doing private school, we could have afforded more house.

We would do public school. (this is OP). Great points, thank you.

OP I think your question is fine because you're asking about lifestyle with that income. But, I also think the mortgage payment question is important too. Both show you how people are leveraged. It's about comfort, and comparably I feel like we're cheapies. HHI $400K and our house is worth about 857-925ish, bought for 500, improved 150K in cash, monthly pymt $2900 on 15yr mort. We do public schools. I can't imagine having the above and paying $70K for private schools. Obviously it's doable, but we're good now.

$350-$400k HHI? Can I come in if I bring four neighbors with me to get into that range? Cumulatively, our homes are worth about $2 million in Silver Spring.

First home: $605K in 2004 (20% down)-- $200k left on mortgage--rented out for double the monthly mortgage rate.
Second home: $1.05 million 2009. (20% down)- $600k left on mortgage.

HHI $300 (so a bit low)
House Value $1.25M (purchased at $850 + $200K renno and in a hot market so significant appreciation)
Mortgage $500K
PITI ~$3100 (on third refi, now at 3.65%/30)

Savings (retirement and brokerage) $5500/month

I'm super curious on that last point- what do folks in this bracket actually SAVE every month? We are at about 33% of take home

850 , plus two other rentals valued at 850 k

$1.6 primary
$300k beach