I’m not sure what you mean by “ quarter million dollar hump” if you mean annual income then yeah ok I get that. We’re getting close to that and at that income you are rocking it. Suddenly childcare becomes painful but affordable, college is a minor blip and you can buy a house every decade or so for cash. At this point it becomes a question of getting the spot not really affording it.
Quarter mil Capitol barely gets you out of paying pmi on an average house in king county, it might not even if the house sells for over asking and you need to cover the difference.