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Reply to "Why do people buy houses on the basis of 2 salaries instead of 1?"
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[quote=Anonymous]My wife and I got married right after college in 2003, and we both had good-paying jobs. My job paid 120K/yr and 100K/yr for my wife. We lived with my parents for six years, and saved every penny before moving out to purchase a 1.2M SFH in McLean in 2000 with a 500K down payment on a 15-year mortgage. Now I am making 300K/yr and my wife 190K/yr. We just recently finished the mortgage payment. My wife's salary will be enough to cover the expenses, and my salary will go into savings. Of course, you can purchase a house in a very good neighborhood with a single salary if you're willing to live at home for five years before moving out.[/quote]
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