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Reply to "Millenial Money - House Poor in Fairfax"
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[quote=Anonymous][quote=Anonymous]I don't understand the math at all. We make $260HHI. After all taxes and maxing out 401k, our take home is only about $9800/mo. How are they taking home $14k+ after taxes? Contributing small amounts to retirement? Buying a $1.2M home with 6+% interest. Idiots. They should have bought less than $700k. [/quote] Millennials can't afford to max out retirement and probably factor in their house tax deduction for their exception [/quote]
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