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Real Estate
Reply to "$750K is the new normal in desirable areas in the DMV"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]250k hhi with a mortage of 650k or so should be perfectly manageable unless you have twin 2013 Lexuses or $150k of student loan debt. it's when you start going to mortgages that are more than 4x income that you start getting iffy. [/quote] This sounds nuts to me, though I am starting to think we're the exceptions in this area rather than the rule. We have a HHI over $250K and our house is worth more like $500K and we have two older used cars. No student loan debt and mortgage is nearly paid off. Living below our means has kept us secure and happy,[b] with big retirement[/b] and college funds.[/quote] But if you die before retirement, you only lived in austerity, ya know? I do believe it's possible to live too much in the future that you don't enjoy the present.[/quote]
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