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Real Estate
Reply to "Salary vs House Cost"
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[quote=Anonymous]I don't think I could go as high as some are suggesting. Our current mortgage debt is about 2.5 times our gross salary, but this is because we will be selling our house in the spring. That seems like a lot of debt to me. Once we sell, we'll be at something more like 1.7 times gross salary, which is a little higher than we have traditionally been. Could we technically afford more under those tests? Probably. But I don't want all my money tied up in my house indefinitely. For a short period is scary enough.[/quote]
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