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My wife and I have $750,000 in savings and earn over $144,000 a year. Can we afford to spend $5,000 per month on housing?

Por: MarketWatch Politics October 16, 2022

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We are living in our single family house in a nice neighborhood in Los Angeles. We purchased the house for $758,000 in 2016. We put down $200,000 and financed the remaining $568,000. Our monthly housing costs, including mortgage, tax, insurance and utilities, total roughly $3,400 per month. My wife and I both work full time. Our combined monthly take home income is $12,200. We want to move into a house that is closer to family. A relative has a... + full article



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