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Reply to "How much savings/income do we need to consider buying?"
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[quote=Anonymous]I'd look into perhaps a foreclosure home in a good neighborhood (think good public schools) and/or good childcare nearby. The preference would be to get rid of PMI but I don't think realistically you can do that if you can only put down 20k ($13k you're expecting + savings). I guess the max I'd do would be whatever range I could afford with mortgage rates, what I could put for a downpayment and then the equivalent of what you're paying in rent now/month. (even if you could afford more, I wouldn't pay more in rent b/c you WILL have homeowner exp. - repairs - you don't have now).[/quote]
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