u/Individual-Fun5521

My partner and I have full time careers, together make about $300k a year and it’s still hard to figure out how we are going to buy a home. We have three kids, only one in daycare, which costs about $2400 a month. We have the cash to put up at least 10% down on a home but with home prices averaging over 1 million I’m just curious how people are doing it. Are you spending all of your savings to buy a home or just renting? Right now renting is much cheaper than buying because of the interest rate. Are you spending more than the recommended 30% of your income on mortgage?

I’m just feeling discouraged about it all