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Reply to "How do so many young families have $80k SUVs?"
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[quote=Anonymous]The DCUM real estate subforum discusses plenty of neighborhoods where houses for families with 3 kids cost $1MM-$2MM+. That is a mortgage payment of $5K-$10K+. The BLS consumer expenditure survey shows that transportation costs about half as much as housing. So two $80,000 vehicles with $1,200-$2,000 monthly payments is not out of line with housing costs.[/quote]
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