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Originally Posted by Bonded
House wise, I am pretty sure me and my wife could have qualified for a house that would have really made us house poor. We opted for a house that either of us could support on our single income and still save some. Being house poor would be awful, I have zero desire to be stuck in a job because of my mortgage.
On a side note, see more people talking about FIRE and I am interested if it is truly a new phenomenon or if it just gets a louder voice because of the internet.
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FIRE being the opposite of "drowning in debt" of course. Can't FIRE unless you have a life to live (sitting on the couch and having all the time in the world to munch on cheesiepoofs whilst catching up all seasons of Simpsons AND Southpark does not count as a quality life).
FIRE is not new, been a thing for a few decades but certainly in the last 5 years has become a "phenomena". Granted FIRE is about how you save, not how much you make, but generally you need a decent wage to start.