Assets and household income to justify buying a 2 million dollars property
Please don't post links to mortgage affordability calculators. I just want to know how others in market are justifying their decision at this price point when half of our income is paid in stocks, some of which is paper money if you work at a unicorn. Would be great if people who already bought a 2 mil property or are in process of buying one can post what was their net asset (better if you can give the brake down in cash, stocks, house equity, 401k) and total house hold compensation in base and stock at the time of buying. Not a contest, I just can't wrap my head around 10k in mortgage and property taxes.
Age: early 30s for both me and my wife and both are IC , 2 kids.
Stock( not counting capital gain tax): 700k
Home equity (not counting selling costs and tax on capital gains just zestimate - mortgage ): 500k
House hold income per year: 350k cash, 70k paper money from uber, 100k real rsus from spouse.