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Reply to "Ever wonder about the backstory when people talk about money??"
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[quote=Anonymous][quote=Anonymous]$220k is not a lot in this area. That is about my HHI and after mortgage, childcare, other expenses, we are lucky if we save $1000/month.[/quote] Good point. How on earth are you supposed to save up a 100-120k downpayment on your own with that savings rate? It would take 8-10 years and by then, prices would have risen and you'll get less house than you initially hoped for. [/quote]
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