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Reply to "$2M home w/ $160k HHI?"
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[quote=Anonymous]Can you? Sure. Should you? I don't think so. The carrying costs of a house that large are significant and will eat a large chunk of your take-home. If I wanted to spend 2M on real estate and had your income, I would purchase a 1M property to live in, and then another 1M property as an investment. This would put you in a position of having your money do several things for you - getting it out of equities, generating an income stream, and providing some flexibility by allowing you sell one or both properties if you needed to access the cash at a later date.[/quote]
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