To avoid high ratio loan interest premiums, the couple’s parents might to help with the down payment.
Why is this even an option when it is assumed he will be making $144K take home in short order? I just found this to be one of the more laugable portions of the article, but hardly the only one.
Was is the option for the wife just to work for the firm to lower his tax rate? (regardless of the legitamacy fo the position). Shouldn't she find another consulting job valued at $20K after taxes? Otherwise that's $750/month in childcare they are no longer paying (also, $750/month for childcare of kids that are in day school, WTH?).
Ultimately though there is only so seriously I can take an article that states "their budget is strapped just to pay $1,475 monthly rent, to keep their 15-year old subcompact car running and to provide day care while Kayla is at work" when there is $1400/month in clothing, travel, restaurants, and "misc" two inches from the paragraph.
Problem: Family living on experienced physician budget without experienced physician wages.
Solution: Don't write checks your ass can't cash.