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Reply to " An we afford $1.5M home?"
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[quote=Anonymous]You can afford it, but maybe not to retire in 7 years. I wouldn't do it. I'm 46 and looking to be debt free by 52 - no mortgages. This is very important to me. Also, by 52 my kids will be done with college, in college, and almost to college - we have 529s that I expect to cover most of that, although we've been paying private school so could afford it out of pocket too. I will retire at 54. You're in a slightly different place with young kids, but I would look to having no debt and money to launch the kids.[/quote]
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