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Reply to "Just bought an $800,000 house on a $186,000 salary and now I'm panicking...."
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[quote=Anonymous][quote=Anonymous]OP, you are going to be fine. Buying your perfect forever house is worth stretching a bit for and will be a good investment. We bought a house with less than 20% down, $675k mortgage on $205k HHI (gross), and we still had one in day care. It has been fine. Our mortgage was initially around $4k/month but we refinanced down to $3,500 late last year. One of us is a fed also and our HHI has increased to $230k in 2.5 years. We are maxing out retirement and working toward more college savings. We are comfortable. We love our forever house. No regrets. Congrats! Enjoy it. [/quote] The term forever home needs to end. It will not be your forever home-I can promise you that. [/quote]
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