My wife and I live in Seattle - and combined make $230k/year - about $19k/month pre-tax. We’re in our late 20s, and are looking at housing and it is…depressing. We are in an apartment right now that is incredibly affordable, at around $1.7k/month - but we want a house and to prepare to start a family.
We have both been incredibly frugal - we’ve maxed out our 401k and Roth IRA’s every year, and would be prepared to make a down payment of up to 200k (without touching our $10k emergency fund).
We are looking at housing, and we’ve found something we absolutely love, which we think we can get for about $700k - putting monthly payments at $4.5k. With our retirement saving habits, our take home is around $11k (not including what goes straight into the 401k). Are we insane for considering this?
Submitted November 21, 2023 at 01:07AM by slurpherp https://ift.tt/pm8iERJ
