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Reply to "am i insane for considering this? 820k mortgage on a 240k income"
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[quote=Anonymous][quote=Anonymous]What about emergency funds, college tuition, retirement savings, vacations, preparing for sandwich years? Can you afford a layoff/furlough, medical diagnosis, if your parents have dementia/healthcare needs? If your car is totaled tomorrow, how will you swing it?[/quote] +1 Or if your car breaks down, or you unexpectedly need a roof, or your kid really wants to do an expensive extracurricular activity. Risk is a personal decision but I think you're cutting it really close to the edge and setting yourself up for alot of stress, or failure. [/quote]
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