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Money and Finances
Reply to "How does your family survive making under 200k hhi"
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[quote=Anonymous][quote]30 years is a long time and they could have owned that house. However, reality is that when people buy - they usually buy the MOST HOUSE they can afford. That is the big problem in my opinion. Live on half your income. And then figure out what you can afford. Buy a house at the bottom of the market, not in a seller's market. And so, it might be better to rent for some years while you are waiting for the market to come down.[/quote] You could also imagine that if they invested their money in the stock market, particularly in a safe vehicle like an index fund, then they could have accrued a significant amount of wealth that way, especially since they could forgo major house repairs and so on. The amount of money that it takes to put a downpayment on a house, sitting in the stock market over time is pretty substantial.[/quote]
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