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Reply to "is anyone worried about their kid finding their spouse in college?"
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[quote=Anonymous]Speaking as someone from high cost urban areas, like NYC and West Coast where real estate routinely costs >$1000/sq ft, it absolutely could take a million dollar downpayment to be able to carry a million dollar mortgage on a 300k combined income which is at the margin between middle and upper middle class. That would get you 2000 sq ft of home, on an income that seems reasonably likely to be achievable without having to be one of the lucky or talented few who can land that superstar unicorn job. [/quote]
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