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Reply to "Buying $1.5 million home - can we afford it?"
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[quote=Anonymous][quote]seeing that most of the homes in this price range are still significantly below their pre-market crash prices ($500k+ below high market value in some areas). [/quote] What makes you so confident that prices should go back to that level? [quote]Currently approved for financing, and it appears we'll be able to balance the budget barring any major unexpected costs. [/quote] With that amount of leverage you need to build a contingency. If not it's not worth it. [/quote]
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