To wonder how people are coping?

Yep - my 5 year fix of 1% ended . Went up by 200 a month which is far less than many people's . All relative though (I am sole payer / owner on 32k)

I have only fixed for 2 years this time. Who knows what will happen between now and then ?

@cardibach That's what i said. I was quoting an earlier post and agreeing that higher earners only have higher costs because they created those costs.

Exactly, we have been asked loads of times when we are going to move from our terraced house into something ‘nicer’…
We decided to stay put and extend it rather than buy something bigger/detached and take on a massive mortgage.
I drive a 6 year old car that has no finance, my children are in state schools etc
When our household income increased our outgoings didn’t really, apart from having the money there to pay for something extra like tuition if one of the children needed it.

But some of those things are choices

housing costs are obscene I grant but since the vast majority of the population are buying or renting, commuting , raising their kids, having holidays and using Netflix and all on a much smaller incomes ….

You must be haemorrhaging money ….

where is it going ?????

My 31 year old daughter is single and earns about £30k. She has a smallish (by current standards) mortgage on a 2 bedroom flat, an old car which is very battered but still works and last year went on a last minute one week holiday with a friend. She has a dog and 2 cats.

I'm pretty sure if she can manage all that on her £30k you and your OH can survive on £170k 🙄

my parents didn't have a high income, London family home was 40k in the 80s. You need to be very high earning to afford it now

You're not mumsnet rich, you're just plain old rich.

So glad we've kept our small house and tiny mortgage. 80k total income (which seems tonnes to me) and we don't have to think about our spending (though we are also simple in our wants!) and still save well each month. I feel so lucky.

Always amazes me how so many people on high incomes are also really dumb. Bet the op drives a brand new Evoque with high monthly payments and her dh has a BMW with the same. Don’t get me wrong, we’re not booking private jets but we’re comfortable and living a nice life on far less. Sounds like the op stretched herself too far trying to live like her income was higher than it is and needs a reality check. It should be the higher the income the bigger the safety net.

Just for people earning in excess of £100k?

@cardibach I never said they didn't, what are you confused by?

I knew the Op would get torn to pieces with comments like “I earn a QUARTER and I still manage a holiday and pay for x y z” failing to mention on top of their salary they receive UC top ups, rent cheaply from social housing and haven’t paid their council tax in years.

All variable but similar trend.

I can imagine the location, housing costs and every day expenditure are totally different. And why shouldn’t they be? Op and her husband have clearly worked hard to get where they were - should they have restricted themselves to living off £12k per year and saving the rest JUST in case of unpredictable war, tariffs, utilities, insane inflation.

Come and slate the Op all you like but you’re happy to use their tax money for your advantage.

@cardibach you are aware that housing costs have increased somewhat?

We are gonna need the particulars to figure this one out!

People earning a lot less also work in the SE.

My Disney subscription is £5 a.month. I don't believe someone on 170k a year can't afford it!

A lot of people are coming to the end of their 5 year ~1-2% fixes, and finding themselves on far higher rates which dramatically increases their repayments.

If your mortgage is high, this can mean several hundred (or thousands) a month in additional repayments.

@cardibach why would you assume size of house matters? It's not a myth that a lot of high paying jobs are concentrating around the SE.

What are you doing with the 3k(?) a month you've saved on private school fees?

You haven't thought this post through have you?

But the point other posters are making is that they are feeling very comfortable with a small fraction of what OP has. Indeed I feel positively wealthy with a small fraction of what OP has.

But they may be older and have a low mortgage or none at all. Paying a lot of money in childcare, mortgage, commuting etc is a thing.

The OP is unlikely to be back. Probably off buying the last of the rarefied air before the price goes up🙄

This has to be a wind up 😂
We have a household income much less than yours (around 75k less) and we still pay for Disney and have two (Uk) per year.
If this thread is genuine then I’m assuming your mortgage is massive, cars on finance etc.
Im definitely more mindful of meal planning and food shopping as this has been our biggest increase,
We’ve got 3 dependant children, I only buy school uniform as needed, residentials etc are paid of a little bit each month and packed lunches instead of paying for school dinners.
Your household income isn’t just ‘mumsnet rich’ you should be very comfortable in general and definitely not at the point of worrying about Christmas food shopping and school uniforms.

People at all incomes need housing. Why do you need a bigger house because you earn more?

Not really, it's more to do with housing & being born at the wrong time.

This can’t be real?

Why did you remortgage?