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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][quote=Anonymous]We bought on the basis of one salary but each of our salaries was more than double the median HHI in the US. It would be easy to pat ourselves on the back for being so frugal and farsighted but the truth is we were just well off. And since we have been fortunate enough not to have suffered a job loss, we have certainly wondered since then if we were too conservative because we now have to wonder if we're in the right school pyramid, if we have enough room for our growing family, if interest rates will ever be that low again, etc. So it's not like there's one right answer and OP and OP alone has found it.[/quote] Same. We were WAY too conservative. Now navigating if we renovate, teardown + rebuild, or take the loss and buy a larger house (bought at peak prices so we likely can't get what we paid). There's a balance between being extremely conservative on one end and really pushing the DTI / HHI multiple on the other end. [/quote]
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