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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If you don’t have private school money, how do you plan on purchasing a home in areas where the homes are all worth $1M+??[/quote]

Take private school at a tuition of $45k/year per kid times two. That’s $90k per year in tuition. Plus you still have to live somewhere so probably another $3k/month minimum in housing. That’s $126k per year.

[b]Now look at a $1.5mil house so a PITI of $5500/month[/b]. That’s $66k per year. Plus you’re building equity off of all of that and perhaps gaining appreciation as well.

What am I missing here?[/quote]

$5500/month PITI for a $1.5M house? With what down payment/interest rate?[/quote]

I was going off of 20% down and 2.5% because that’s my payment. You’re right that at current internet rates it’d be more but wouldn’t come near the private school amount above.[/quote]

+1. Literally over 1k in a monthly payment. That adds up unless you’re loaded.
DP. There’s a huge difference between 2.5% and 6%. [/quote][/quote]

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