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Reply to " An we afford $1.5M home?"
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[quote=Anonymous]I mean, on those salaries I would say that level of home would be totally fine, even with the current interest rates. But your final sentence threw me. If you are retiring soon, then that becomes a different story. And you have three houses? In any event, I guess it sounds like your two home sales could essentially pay for the new house, so that puts you in a good position. Bottom line -- if you are retiring in the few years, you should maybe re-think this, but if by "close to retirement" you meant like in your 50s (and you can have those salaries for another decade), then you are probably fine.[/quote]
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