Do you guys think $4500 is a lot to pay for a mortgage/taxes/hoa for DINKS with household income around $330k? In Lincoln Park fwiw. No major debts just a little student loans that I’ll knock out as soon as they start collecting interest again this summer.

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It’s pretty steep but definitely doable at that HHI. What’s your HOA and how much is the home price?

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Combined take home after taxes is around $18K per month so a quarter of that ?

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Sounds like you are between 25 and 30% of your net income for housing, which is within norms assuming you are not crazy spenders.

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Although this is not an issue at this point, I think you should be very aware of lifestyle creep. When people have nice things, they want nicer things. Again, it sounds ok with the current numbers but be vigilant

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How many bedrooms/ bathrooms/ sq footage

While the % of income rules are good starting points, think about what other major things you have in your life. Are your incomes stable or do you expect them to rise?

You'd be in the 25-30% of net which is certainly doable using VP1's estimate (which I think is assuming maxed 401k contributions and ~20-25% total tax rate. That would leave you with ~$160K in disposable income.

Does that feel comfortable enough for "musts" like additional investing, home upkeep, insurance? What about "wants" like travel, a new car, home upgrades?

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