Well I already own a house in a good suburb with excellent schools and only pay $1300/month total..... so... I’m going to disagree with you.If you have kids and want to live in nice suburbia with good school district, you better be ready to spend 400k+ in a house. That is a $2300+ house payment (mortgage + HOA + property tax + insurance). That will stretch your budget if your household income is not > 120k/yr.
Going to be selling this house and buying one for residency and will be in the exact same situation. In many places I’ll probably be spending less a month actually. And yes that includes mortgage, taxes, insurance, HOA, etc. No you don’t need to make 120k to do that at all.