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Reply to "Would you buy a $1.2M house on this HHI?"
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[quote=Anonymous]Only if you have 1) maxed out 401k/retirement contributions, 2) have started 529s for both kids and are on track to meet college savings goal, 3) have 6 mos in an emergency fund, 4) savings for unexpected expenses that aren't emergencies (life happens Fund) Even then, I might not. We prefer a 15 yr mortgage that we can afford on 1 salary should one of us get laid off plus all of the above. [/quote]
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