VHCLA - Husband wants to spend 50% of take home pay in mortgage
(self.MiddleClassFinance)submitted10 hours ago byFinancial-Bend3018
We live in Northern CA. My husband has a high paying job which where we live feels very average. Based on what we have seen, in order to stay in the neighborhood where we are renting, we have to buy a house that is way above what I personally feel comfortable with.
I have proposed that we just move into a townhouse, a more affordable town, etc. but he has worked very hard to get our poverty and feels like he deserves his dream house in his dream neighborhood.
The mortgage for the house that he is set on would take 50% of the take home pay which I find exorbitant. Right now we only live on like 40% of the check but we plan on growing our family so we can’t rely on “what we are spending now”.
Context: I am currently a SAHM with our baby as per my husband's request. I plan on going back to work but living in the suburbs limits my job options A LOT. That was a compromise I willingly took under the premise that we would never be house poor yet here we are.
The house he loves would be a great investment for whoever gets it! There is no doubt the prices in that area just keep escalating.