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Reply to "Would you buy a 1.2 million dollar home "
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[quote=Anonymous]Seems OK in terms of income and monthly payments and other savings. But with only one spouse working, would make sure 1)working spouse has a large amount of life insurance, 2) non-working spouse is keeps the door open for going back to work if needed (maintaining credentials and network), and 3) have a plan to build up to a 6 month emergency fund outside of equity/retirement/529 - sounds like OP has about 5 months.[/quote]
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