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Reply to "$2M home w/ $160k HHI?"
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[quote=Anonymous]I don't think you can afford the taxes, insurance and maintenance savings you would need for that house. Rule of thumb is 1% per year to save for maintenance. Some years you will send way less and some way more, so you keep it rolling forward. That isn't even considering property taxes and homeowners insurance. You would be better off investing this money. It will be enough to make you independently wealthy if you invest it and don't touch it. [/quote]
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