[quote=temeculaguy]
Hey, here’s a novel idea, buy a house that you can afford on the 125k and then if you keep the second income, live like a rockstar or pay off the house in just a few years, underextending is the new black. [/quote]
Sometimes underextending is not an option.
Try to find a place for two years your pay (or his pay) that will have room for 3 kids, rank 8 schools all through (I’m not even asking for rank 10), within 45 min commute from Sorrento Valley. You can’t. You’ll start seeing options for 3x pay; you’ll only get a good selection of houses that don’t look like they are going to fall apart if you rise the bar to 4x pay; if you want new rather than 30-year-old, you need to go to 5x pay.
