We earn a similar income and wouldn’t feel comfortable with a $1.2M house, especially with daycare costs looming. How much is your take-home pay after taxes?
Storm said:
We earn a similar income and wouldn’t feel comfortable with a $1.2M house, especially with daycare costs looming. How much is your take-home pay after taxes?
Percentage-based rules don’t work for everyone. Someone spending 50% of $14K/month take-home is in a different spot than someone with $6K/month.
@Ben
True, but a 30% cap on housing costs feels much more sustainable for most families.