ThunderHorse
Verified Military
Yeah we have a situation where we bought right as I started school in a house that was immensely affordable even on just my wife’s income. No kids, basically a nice starter home. Now with 2 kids it is tight space wise. But my mortgage payment is 1600/month. To upgrade to a bigger house in a neighborhood we like would be looking at 8500/month. In 2020-2021 those same mortgages would have been about half. We probably should have stretched then and been house poor.
Jumping straight into a 1.5M house is a bit of a choice though. There's plenty of things that would suit just right in the 800k range, yes more picky for neighborhoods but there's plenty of stops along the way before jumping into a retirement property.


