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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We are a young couple who took a loss on a previous home and still managed to do it.  [b]Income about $200K/year [/b]but I am home so we don't have those expenses related to childcare.  We used  VA loan (not a lot down) and budget carefully because our [b]$6,000 mortgage [/b]is a huge chunk.  We have no other debts, no car payments, etc and it's doable but tight.  We wanted to buy a house that we will stay in for 10+ years so after a couple years of owning should be able to loosen the budget. If we had used conventional financing we would not have had a big enough downpayment, so i guess for me the answer would be that eh VA loan allowed us to do so.[/quote]

Dang, that is a huge mortgage payment given your HHI.

I don't understand why you would take on so much mortgage, especially after having taken a loss on a previous home.  Is a $1M house really so important?[/quote]

+1   That is insane.  We make a similar HHI and I couldn't imagine paying that much for a mortgage.  I'd have nothing left for retirement, 529, etc...[/quote]

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