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Would this be too expensive?

I'm a cardiologist, I make around $700k per year and my wife is an anesthesiologist, so she makes about $500,000 a year. I researched home-buying techniques, and it said that you can afford a home twice your salary. So would that mean we can afford a $2,000,000 dollar home? We wouldn't EVER buy that big of a home, but we were just wondering. And this home, http://www.eplans.com/prairie_house-plan… is worth $935,000, so could we afford this? To Amarreta: I don't feel like paying for advice. I'm asking you guys, because this is for University +, so I thought you guys might know... To MOZ: We currently live in a $200k home, so nothing to special. We have relatively nice things, but they aren't top of the line. We have two kids, one two and the other just a few months, and we have a ton of excess cash rolling in. The nicest things we have are our cars, which are two Mercedes and a Ford.

Public Comments

  1. Troll fail. If you're that smart, you wouldn't be asking that question here.
  2. It depends on what your other monthly expenses are...
  3. yes you could then i reckon you should buy a house, and rent it out, the tenants would be paying back the mortage with there weekly pay to you, and in 10-20 years youll own that house and then will be making money off it.
  4. I hate to burst your bubble troll but I think your exaggerating on your income a bit much. Also the link you gave is coming up as a error.
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