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Reply to "Nerdwallet's How Much House Can You Afford is comical!"
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[quote=Anonymous][quote=Anonymous]I just put our inputs into Nerdwallet's How Much House Can You Afford? calculator and, well, that was hilarious. If I actually spent the upper end of the green range on a house each month, I'd never retire and my children would be begging on the street for college tuition. But, uh, okay, whatever. Consume the internet calculators with caution. These loan companies/banks love to convince you to take out the largest loan possible. Never forget that they get rich off the interest you pay.[/quote] Most people retire with less than 200k in savings and their children take out loans for college (which is not begging on the street). I bet you could spend the upper end of the green range and still be way ahead of that. Which is what the green range should mean. If you want to cover all of undergrad and grad school and retire with 5m+, then you have to cut someplace.[/quote]
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